POSCO Profit Slumps, Warns of 10% Cut in 2013 Sales

POSCO Profit Slumps, Warns of 10% Cut in 2013 Sales

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POSCO, the world's No.5 steelmaker by output, reported a 51 percent slump in quarterly operating profit as tepid demand and falling prices offset lower raw material costs helped by a firmer local currency.

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