Reportedly, the South Korean steel giant Posco has upgraded for its long-term growth prospects and has become the world's third largest steelmaker. The company's third quarter 2012 financial result is better than Zacks Consensus Estimate per ADR at US$1.84 although the steel business is weakness. Moreover, Posco is remarkable for its fast growing and demerging markets worldwide and its hold rating is near to competitor ArcelorMittal in a short-term.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62114&division=A9
