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POSCO

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In the last year, POSCO's American Depository Receipts (ADR) outperformed the industry. In 2017, its net income surged 183.8% year over year, driven by an increase in operating profit and benefit from selling investment securities. Crude steel production slipped 0.8% year over year while product manufacturing was down 2%. On a consolidated basis, POSCO aims to improve businesses and services as well as generate revenues of approximately KRW 61.9 trillion in 2018 compared with KRW 60.7 trillion in 2017. Crude steel production is projected to be nearly 37.4 million tons. Also, regional diversifications, superior product portfolio and initiatives to dispose of non-core assets will benefit POSCO. However, the company is exposed to risks from industry rivalry, huge debt level, geopolitical issues and foreign currency fluctuations.


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