South Korean steelmaker POSCO - the world's sixth-biggest steel producer - has announced a plan to help build a $1.6 billion steel mill in southeastern Iran. POSCO has said in a statement that it plans to take 8 percent of the project to build the 1.6 million-ton steel plant with Iran's Pars Kohan Diarparsian Steel (PKP) in cooperation with ...

LONDON, March 12 (Reuters) - South Korean steelmaker POSCO , minority-owned by Warren Buffett's Berkshire Hathaway, has cut ties with government entities and sensitive industries in Iran such as energy and continues to trade with private firms, a letter showed. Tough Western measures imposed on Iran over its disputed nuclear programme have hit many ...