POSCO Swings to Net Loss in Q3 on Weaker Demand

SEOUL, Oct. 20 (Korea Bizwire) - POSCO Co., South Korea’s largest steelmaker, said Tuesday that it swung to a net loss in the third quarter amid tough market conditions at home and abroad and a one-time charge for a patent suit settlement. Its consolidated net loss amounted to 658.24 billion won (US$582.5 million) during the July-September period, [...]