Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Posco’s Q2 operating profit soared to KRW2.2trillion on high steel demand, according to local media. The second-quarter profit is the highest since the company started revealing results in 2006. Revenues were driven by surging steel demand from automakers, shipbuilders, and construction companies in line with the global economic recovery from the COVID-19 pandemic


Income exceeds the KRW2trillion mark for the first time since the adoption of International Financial Reporting Standards (IFRS) standards in 2011. The company is likely to release the information on second-quarter earnings towards the end of this month.


Posco’s Q2 sales rose to 18.22trillion, up by 32.85pc from a year ago. 

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