South Korean steelmaker POSCO suffered a devastating 84.6% profit decline in the second quarter, with net earnings plummeting to KRW 84 billion from KRW 545.45 billion year-over-year. Revenue dropped 5.1% to KRW 17.55 trillion as the company grappled with slow global steel demand & intensifying trade protectionism. Despite profit pressures, POSCO increased crude steel production 4.6% to 8.37 million metric tons & finished steel sales 3.9% to 8.17 million metric tons. Operating profit reached KRW 607 billion, declining annually but improving quarterly, while overseas margins increased moderately, highlighting international diversification benefits.