POSCO’s stock market value exceeds that of Arcelor Mittal

Given the softening of the stock markets in Europe and the US under the impact of the European debt crisis, the share price of global steel giant ArcelorMittal has declined significantly, while the share price of South Korean steelmaker POSCO has seen a relatively small decrease. Accordingly, at present POSCO's stock market value exceeds that of ArcelorMittal, ranking number one in terms of stock market value among steelmakers worldwide.
 
At the close of business on September 20, POSCO's stock market value totaled $32.2 billion, while ArcelorMittal's stock market value was $28.9 billion. ArcelorMittal had seen a peak stock market value of $71.4 billion in 2008