POSCO has completed the construction of a galvanized steel sheet plant in China in a joint venture with HBIS, a state-owned Chinese steelmaker, the steelmaker said in a statement.
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Posco Holdings said on Tuesday the company has received 85 billion won ($62 million) in dividends from the third quarter earnings of Roy Hill Holdings, recouping the investment it has made into the holding company of Australian iron ore miner Roy Hill. With the latest dividend payment, Posco Holdings has received a total of 1.3 trillion won in total in the form of dividends and discounts on iron ore that the company .
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