POSCO is a Korea-based company engaged in the manufacture of steel products. Its products include hot rolled steels, steel plates, wire rods, cold rolled steels, galvanized steels, electrical galvanized steels, stainless steels and others. Its products are used in ships, automobiles, consumer electronics, machine structures, general structures and others. As of December 31, 2011, the Company had 219 affiliated companies in domestic and overseas.