Reuters: Business News: POSCO Q4 profit misses forecast on weak China demand, lower prices

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POSCO Q4 profit misses forecast on weak China demand, lower prices Jan 29th 2013, 07:01 SEOUL (Reuters) - POSCO , the world's No.5 steelmaker by output, reported a 45 percent fall in quarterly operating profit, missing a consensus forecast, as tepid demand and falling prices offset lower raw material costs helped by a firmer local currency.

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