Posco lowers projected capex

摘要

The company has reduced its projected capital expenditure for this year by about a tenth to between KRW5.7 trn and KRW5.9 trn ($5.5 bn and $5.7 bn, ?4.0 bn and ?4.1 bn), in line with the business realignment by new management (CRU Steel News 17 March 2014).