SEOUL -- Steel giant Posco's operating profit more than quadrupled in the third quarter from a year ago thanks to rising global steel prices, resulting in record-high quarterly earnings.
South Korean steelmaker aims to cut CO2 emissions 10% by 2030

South Korea's Posco is seeing profits soar on rising global steel prices. © Reuters
SEOUL -- Steel giant Posco's operating profit more than quadrupled in the third quarter from a year ago thanks to rising global steel prices, resulting in record-high quarterly earnings.