Kim Yoon Sang's questions to POSCO HOLDINGS (PKX) leadership • Q2 2024
Question
Inquired about POSCO's strategy for the challenging East Asian and American steel markets, and the outlook for nickel and stainless steel prices given global trade dynamics and supply issues.
Answer
POSCO stated they are managing challenges in Asia by addressing unfair trade. They have limited direct exposure to US trade risks by leveraging Mexico. They believe nickel prices have bottomed out around $16,000 and expect the stainless steel market to improve in Q4. They also noted that IRA-compliant nickel supply remains very limited.