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

Steelmaker Posco (NYSE: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.