POSCO confirms it is considering sale of specialty steel affiliate
POSCO company
Seoul - Yonhap
South Korean steelmaker POSCO said Monday it is considering the sale of its specialty steel affiliate as part of its effort to reorganize its business.
In a regulatory filing made after speculation that POSCO Specialty Steel (POSCO SS) has been put up for sale, POSCO said it is in the process of signing a memorandum of understanding, but made clear that the details of the transaction have yet to be ironed out.
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