POSCO sees tight iron ore, coal markets in H2 -exec

SEOUL, April 13 (BestGrowthStock) – POSCO (005490.KS: ) expects tight
raw material markets in the second half of this year, with demand
from China and the United States continuing to buoy prices, a
senior executive said on Tuesday.

“We expect tight conditions to continue in the iron ore and
coking coal markets in the second half. We will set raw material
procurement policy in accordance with these expectations,” Kwon
Young-tae, a senior vice president of POSCO, told a conference
with analysts.

Penny Stocks

(Reporting by Cho Mee-young and Kim Yeon-hee; Editing by
Jonathan Hopfner)

POSCO sees tight iron ore, coal markets in H2 -exec