The Zacks Analyst Blog Highlights: U.S. Steel, Nucor, Tenaris, Allegheny Technologies and Salzgitter
A surge in output in China drove global steel production in February.
POSCO (PKX) might gain from its diversified business structure and a steady rise in domestic and global steel demand. Improving the steel operations' competitiveness remains a company's priority.
POSCO's (PKX) third-quarter 2017 net earnings grew sequentially driven by operating profit growth and selling of investment securities. Revenue forecast for 2017 has been raised slightly.