POSCO SAW A RECORD INCREASE IN NET PROFIT BY 162% IN Q1

Highlights –

• POSCO saw a record increase in net profit by 162% in Q1.
• Net profit for the three months that ended in March soared to US$1.02 billion.
• The company’s operating profit in Q1 rose 1.55 trillion won.
• POSCO raised the prices of its products amid strong demand for steel used in cars, ships, and construction.

The world's fifth-largest s....