[Concall] POSCO Holdings "India Steel to Grow to 200 Million Tons by 2030"

POSCO Building, Yeoksam-dong, Gangnam-gu, Seoul. Photo by Younghan Heo younghan@

POSCO Holdings stated regarding the Indian steel market, where it is promoting the establishment of an integrated steel mill, that "the Indian market currently has a demand of 150 million tons, but by 2030, the Indian government forecasts 300 million tons, and we (POSCO) expect about 200 million tons."

On the 30th, during the earnings conference call, POSCO Holdings explained, "Although it may seem that there is a concern of oversupply, even if some oversupply occurs, we believe there is no problem because the product portfolio POSCO sells is mainly high-priced."

They added, "We also think that supply may fall short compared to demand."