8. South Korea's Posco (PKX) is the world's third-largest steel company generating around 70% sales in South Korea, home for Hyundai Motors and Kia Motors.Posco's stock underperformed peers, declining around 19% during 2010. The hike in iron ore and coking coal prices has impacted the company's earnings as Posco could not pass on increased raw material costs to customers, despite higher steel prices during the year. Consequently, third-quarter earnings were lower than expected, requiring a 7% downward revision in full-year profit.
10 Metal Stocks for 2011
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