Pohang Iron and Steel Co. Ltd. (POSCO), a major steelmaker in South Korea released its Q1 CY ’21 results today. The Maharashtra unit posted sharp growth in its operating profit during Q1 CY ’21 to $52 million in comparison with a loss of $2 million in Q1 CY ’20. Improved demand from the auto and home appliances industry supported the increase in profits of the company.
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