A South Korean multinational company , Posco is Pohang, South Korea based Iron and steel company.
It primarily focuses on production and sale of steel products. Presently, its production base is located at Phang and Gwangyang in South Korea. With an approximate production of 35,000,000 MT of the steel it is the 4th largest producer in the world. It manufactures crude steel, flat and long steel products, wires, rods, bars etc. It always has an investment outlook towards developing countries and thus as a part of its growth strategy in June 2005, it signed a Memorandum of Understanding with India to build a plant and surge their annual production capacity.