POSCO expects steel prices in South Korea will grow in 2020, following the dynamics of world prices for steel in China, USA and other countries. In addition, the signing of the trade deal, "the first phase" between the US and China on 15 January last year, should solve the problems associated with the stability of the world economy, says message company.
to improve the competitiveness of the steel division and to encourage the development of new sectors, POSCO plans to invest 6 trillion won (about 510 million US dollars). The investments will be focused on environmental protection, safety and equipment in the EBITDA to improve the competitiveness in the steel sector.
POSCO has announced its high competitiveness compared with global competitors based on several factors - the development and sale of high-quality steel products, the competitiveness of costs through an efficient production system, competitiveness of production through continuous investment in production capacity and ability to meet market changes.
Despite the fact that the indicators POSCO compared to the same period last year declined, the Board of Directors has declared a cash dividend in the amount of 10 000 won per share in 2019. POSCO has also proposed to pay dividend at the rate of 30% over the next three years.
Since 2004, POSCO supports dividends in the amount of 8 000 to 10 000 won per share, and in the second quarter of 2016, holds a quarterly dividend policy with the aim of increasing long-term shareholder value for investors.
