As of 1:30 PM on the 26th, POSCO is trading at 218,500 KRW, down 0.68% from the previous day. The trading volume is 407,835 shares, which is 45.36% of the previous day's volume. POSCO is known as a steel manufacturing and distribution company.
On October 26, Hyunwook Kim, a researcher at Shinhan Financial Investment, stated, "Since the low point in June, product prices have been continuously rising. Export volumes and prices for steel pipes, hot-rolled steel, and distribution are expected to strengthen. However, on a quarterly basis, the average carbon steel price in Q3 fell by 9,000 KRW QoQ. The full effect of price increases will be reflected starting in Q4. Additional reasons for improved performance include the peak season for subsidiary POSCO Construction and the base effect of POSCO International (Myanmar gas field resumed operations in October)." He set the target price for POSCO at 300,000 KRW.
Over the past five days, individual investors have net sold 417,506 shares of POSCO, while foreigners and institutions have net sold 222,063 shares and net bought 647,427 shares, respectively.
※ Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an automatic article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
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