Korean POSCO's Q3 Revenue Dropped over Low Steel Price and Weak Demand

POSCO told on October 24 that its revenue fell 3.7% to WON 15.15 trillion with Q3 net profit down 22% to WON 564 billion (USD 532 million) year on year, which reflects the global low steel price and weak demand. Thus it adjusted its revenue forecast to WON 63 trillion from the previous WON 64 trillion.