POSCO · Seoul South Korea ·(NYSE: PKX)
Company Description
Phone: +82-2-3457-0114
Fax: +82-2-3457-0114
Rankings
- #193 in FT Global 500
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This link will open in a new window POSCO has steeled itself for any set of business conditions. The company makes hot- and cold-rolled steel products (plate steel, stainless steel, electrical steel, and wire rods), which it sells to the auto and shipbuilding industries. It produces more than 30 million tons of steel a year, making it the world's #3 steelmaker behind the combined ArcelorMittal and Nippon Steel . Subsidiaries include POSCO Engineering & Construction (which builds steel plants, steel-related infrastructure, and energy facilities) and POSDATA (systems integration). The South Korean government privatized its stake in POSCO in 2001, ending the company's 30-year steelmaking monopoly. To read the full description, subscribe now.
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Key POSCO Financials
| Company Type | Public - NYSE: PKX Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $32,976.7 |
| 2008 Employees | 28,543 |
POSCO Executives
59 executives listed for POSCO's Seoul, location.
| Title | Name & Bio | Contact |
| CEO and Director | Chung Joon-Yang | Network |
| President and Director | Choi Jong-Tae | Network |
| President, Chief Investment Officer, and Director | Lee Dong-Hee | Network |
Competition
Competitive Landscape for POSCO
Demand comes largely from the manufacturers of durable goods like motor vehicles, machinery, containers, and construction steel. The profitability of individual companies depends largely on efficient operations, because most products are commodities sold based on price. Big companies have large economies of scale in production. Accordingly, most producers of secondary products buy raw metal from the large producers. Small companies can compete by operating efficient local mini-mills or producing specialty products. The industry is capital-intensive: average annual revenue per worker is close to $300,000. To read the full description, subscribe now.Top POSCO Competitors
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