Thursday, January 10, 2008

POSCO expects strong global steel market in 2008


SEOUL, Jan 10 (Reuters) - POSCO the world's fourth-largest steel firm, said on Thursday that the global steel market will remain strong in 2008 due to healthy demand from fast-growing emerging countries. The South Korean steel maker ( also said in a statement it expected its struggling stainless steel business to recover in the first half of this year after controlling inventories.

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