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Aceuk - Tue, 20 Dec 05 :

ThyssenKrupp Lower Posco Steel Price Cuts

Tuesday, December 20, 2005 6:53:51 AM ET
Dow Jones Newswires

1044 GMT [Dow Jones] ThyssenKrupp -0.9% at EUR16.93, leading DAX decliners as price cuts by Korean steel producer Posco (PKX) Tuesday sour sector sentiment, say traders. Posco's plans to cut prices between 4%-17% pushed Asian steel stocks lower in Tuesday trading, says one. Now ThyssenKrupp and other European steel stocks are following suit, he says. (BEK/HAD)

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