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Stocks in 60 Seconds: POSCO

Tuesday, 1 Jan 2013 | 10:10 PM ET

CNBC's Adam Bakhtiar takes on the challenge of the daily stock in 60 seconds segment and looks at POSCO, which, along with a consortium, is buying a 15 percent stake worth $1.1 billion in a Canadian iron ore operator owned by ArcelorMittal.