[Concall] POSCO Holdings "Steel Performance Improvement Difficult Until Q1"

POSCO Holdings stated at its earnings presentation on the 31st that regarding the steel sector, "It will be difficult to achieve significant performance improvement until the first quarter due to increased input cost burdens."

'With Posco' sculpture at the POSCO building in Yeoksam-dong, Gangnam-gu, Seoul. Photo by Younghan Heo younghan@

The company added, "Efforts are underway to reflect the impact of rising raw material prices in pricing, and we will prioritize securing profitability through expanding sales of high-margin strategic products such as future portfolio transitions and structural cost reductions," further stating, "We expect to report improved performance starting from the second quarter and have set overall targets higher than last year."