POSCO Indonesia Plant Posts Profit After 4 Years of Operation

SEOUL, Jan. 15 (Korea Bizwire) – South Korean steelmaker PSCO said Monday its steel plant in Indonesia turned a profit after four years of operation, with accumulated sales exceeding 10 million tons. PT Krakatau POSCO, an integrated steel mill jointly set up by POSCO and Indonesia’s state-run steel firm Krakatau Steel, shifted to an operating profit of US$12 million last year after posting losses in the previous three years, POSCO said [...]