Yoon-sang Kim's questions to Posco Holdings Inc (PKX) leadership • Q2 2024
Question
Yoon-sang Kim of HI Investment & Securities asked about POSCO's long-term strategy for the Asian steel market amid Chinese exports, its steel strategy for the Americas considering political changes, and the outlook for nickel and stainless steel prices.
Answer
Ki-Seop Jeong, Head of Marketing Strategy, stated that while Southeast Asia is challenging, POSCO is focused on managing unfair trade from China into Korea. He noted that the company's indirect sales model in the Americas minimizes direct risk from U.S. trade policy. He also projected that nickel prices have bottomed out and expects stainless steel prices to improve in Q4. An executive from Nickel Operations added that massive Indonesian supply will limit nickel price increases.