Eugene Lee's questions to Posco Holdings Inc (PKX) leadership • Q2 2024
Question
Eugene Lee from Eugene Securities questioned POSCO's response to the EV demand slowdown, its strategy for China's new energy regulations, potential risks related to nickel supply and a potential U.S.-Indonesia FTA, and its investment plans for iron ore and coking coal.
Answer
An executive explained that the EV slowdown is an opportunity to acquire assets, as new plants are based on firm orders. Regarding China, the focus is on preventing cheap steel imports into Korea. Another executive stated a U.S.-Indonesia FTA would have limited impact due to Chinese dominance in Indonesian nickel. Finally, management confirmed ongoing investment plans for high-grade iron ore and coking coal to support carbon neutrality goals, contingent on ESG alignment.