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Seah to buy POSCO Specialty Steel for $986 mln

outh Korean steelmaker POSCO said on Thursday it and other shareholders of POSCO Specialty Steel plan to sell all of their stakes to SeAH Besteel for 1.1 trillion Korean won (986.46 million US dollar). POSCO agreed to sell all of its 72 ...

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Sale of POSCO Specialty Steel hits obstacle

POSCO’s plan to dispose of its stainless steelmaking affiliate by selling it off to SeAH Group has hit a stumbling block, as unionized workers oppose the sale and are demanding job security. The workers at POSCO Specialty Steel are also ...

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POSCO consider sale of specialty steel affiliate

South Korean steelmaker POSCO is considering the sale of its specialty steel affiliate as part of its effort to reorganize its business. In a regulatory filing made after speculation that POSCO Specialty Steel has been put up for sale, POSCO ...

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POSCO seeks to sell specialty steel unit

South Korea based steelmaker POSCO is in talks to spin off its specialty steel unit to SeAH Besteel, which is seen to improve its financial performance. As an unlisted affiliated enterprise, POSCO Specialty Steel’s 72.1% share was owned by POSCO ...

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