South Korea's Posco, the world's fifth largest steelmaker, has reported a 658 billion Won ($581 million) net loss for the third quarter of 2015 because of foreign exchange losses, mining asset impairments and a lawsuit settlement.
In a meeting with investors and analysts, a company executive said that China's prices for hot rolled coil (HRC) have recently reached the bottom of the market, but it is not possible to forecast any near-future rebound.
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