Article: S KOREAN STEEL CO POSCO SOLIDIFIES ALLIANCES WITH SMALLER RIVALS.

SEOUL, July 2 Asia Pulse - POSCO (KSE:005490), South Korea's leading steelmaker, said Thursday that it has increased investments in some local steelmakers as part of efforts to boost business alliances.

POSCO said it will buy 5 per cent in Poongsan Special Metal Corp. and 19 per cent in two overseas units of Samsung C&T Corp. (KSE:000830), the trading unit of the country's largest business ...

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