Steel prices to continue climbing for another half year: fund manager
Add BT as a preferred source
Seoul
THE rally in steel that helped propel Posco shares 55 per cent higher this year may continue for another six months, according to a money manager who bought the stock when it was near a 12-year low.
Baring Asset Management Korea Ltd's head of equities, Hyun Choi, said he started buying Posco shares in late 2015, after South Korea's biggest steelmaker posted its biggest loss in at least five years. That was around the time when Chinese authorities spoke of the need to overhaul state-run companies and address a glut in supply.
Share with us your feedback on BT's products and services
TRENDING NOW
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
US-China rivalry and the Kindleberger Trap: Why inaction – not escalation – is the biggest risk
As Singapore squeezes, Malaysia tempts F&B operators across the Causeway
