Hyun-wook Park's questions to Posco Holdings Inc (PKX) leadership • Q2 2024
Question
Hyun-wook Park inquired about the steel market outlook, the impact of Europe's Corporate Sustainability Due Diligence Directive (CSDDD), and POSCO's green steel strategy, particularly the timeline alignment for its HyREX technology with market demand.
Answer
Jeong, POSCO's Marketing Strategy Chief, described the steel market as slow but with positive signs. Henry Do, Head of ITA, detailed the company's preparation for CSDDD compliance, including due diligence and contract renegotiations. Kim Hee, Head of Carbon Neutrality Strategy, explained that customers desire decarbonized steel by 2030 and that POSCO is exploring alternatives like the shaft method and HBI to complement HyREX.