Posco may indeed be interested in acquiring MMX. They are as you probably know a very large multi-product steel producer in South Korea. In good times they would be a very large producer of steel for various industries - 2003 produced 10.6 million tonnes of steel.
Like Chinese steel mills they may be interested to get long term security of good quality iron ore and perhaps have a greater say about price at the same time.
wait and see i guess.
cheers
MMX Price at posting:
65.5¢ Sentiment: LT Buy Disclosure: Not Held
