Posco Upgraded Its Growth Prospects and Became The World's Third Largest Steelmaker

Reportedly, the South Korean steel giant Posco has upgraded for its long-term growth prospects and has become the world's third largest steelmaker. The company's third quarter 2012 financial result is better than Zacks Consensus Estimate per ADR at US$1.84 although the steel business is weakness. Moreover, Posco is remarkable for its fast growing and demerging markets worldwide and its hold rating is near to competitor ArcelorMittal in a short-term.