Steelmaker Posco profits set to drop


South Korean steelmaker Posco is among the big Asian steelmakers set to release its latest quarterly earnings later.

Some reports predict Posco's profit will have been cut in half, with slow demand from China being blamed.

China is also a large steel producer, and that is creating fears of a market glut that could push down prices.

Russ McCulloch, senior managing editor at Platts Steel Business Briefing, spoke to the BBC's Asia Business Report about Posco's prospects.

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