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Steelmaker Posco (PKX) says its Q4 earnings plunged 45% Y/Y as higher raw material costs and...

Steelmaker Posco (PKX) says its Q4 earnings plunged 45% Y/Y as higher raw material costs and lower product prices cut into the bottom line. Net profit of 561B won ($515M) was well below analyst expectations of 663B won. Orders from shipbuilders and home appliances makers remained weak, weighing down sales, which fell 19% Y/Y.
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