about 20 years ago
POSCO Co. Ltd., the world’s fifth-largest steel maker, is looking to buy an Asian steel maker as it fights for survival in the global market after the mega-merger of Mittal Steel and Arcelor. The formation of Arcelor Mittal, a giant capable of producing more than 100 million tonnes of steel a year,
POSCO Co. Ltd., the world’s fifth-largest steel maker, is looking to buy an Asian steel maker as it fights for survival in the global market after the mega-merger of Mittal Steel and Arcelor.
The formation of Arcelor Mittal, a giant capable of producing more than 100 million tonnes of steel a year, has spurred major steel makers to bulk up in defence. POSCO also faces challenges from rapidly growing Chinese producers.
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