olivLaw · US equity research
POSCO HOLDINGS INC. PKX
Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) · SIC 3312 · Vertical: Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (SIC 3312)
POSCO HOLDINGS INC. is a holding company whose subsidiaries include POSCO, one of the largest steel producers in the world, and which is diversifying into trading, construction, logistics and battery materials. The company reported a difficult 2025, with revenue of 68,987 billion won and a lower profit, which makes its dependence on the global steel cycle worth examining.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, POSCO HOLDINGS INC. (PKX) stock was 51.60 USD (+4.33% on the day), with beta 1.02, 52-week range 48.68–91.72 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 43.0
- weak (30–45)
- Bollinger (20, 2)
- 48.30 – 59.06
- in the lower half of the band · %B 0.31 · band width 20.0%
- SMA 50 / 200
- 57.08 / 61.23
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -1.85 / -1.64
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −11.4% | −1.1% | −10.3 pp | — |
| 3 months | −5.8% | −0.5% | −5.4 pp | — |
| 6 months | −41.5% | +4.4% | −45.9 pp | — |
| Year to date | −3.0% | +12.3% | −15.3 pp | — |
| 1 year | −4.0% | +13.5% | −17.6 pp | +31.2% |
| 3 years | −38.2% | +76.4% | −114.6 pp | +38.3% |
| 5 years | −15.3% | +63.7% | −79.0 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
the price (USD) and the reports are in different currencies
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 60,186.9 bn | 65,154.6 bn | 64,785.7 bn | 57,466.7 bn | 76,009.2 bn | 85,003.6 bn | 77,056.5 bn | 73,459.4 bn |
| Revenue YoY | +13.7% | +8.3% | −0.6% | −11.3% | +32.3% | +11.8% | −9.3% | −4.7% |
| Net income | 2,756.2 bn | 1,711.9 bn | 1,864.4 bn | 1,581.2 bn | 6,606.7 bn | 3,157.5 bn | 1,698.2 bn | 1,125.4 bn |
| Net income YoY | +103.4% | −37.9% | +8.9% | −15.2% | +317.8% | −52.2% | −46.2% | −33.7% |
| Diluted EPS | unavailable | 21,177.00 | 23,189.00 | 19,900.00 | 85,240.00 | 39,296.00 | 22,383.00 | 14,853.00 |
| Diluted EPS YoY | unavailable | unavailable | +9.5% | −14.2% | +328.3% | −53.9% | −43.0% | −33.6% |
| net % | 4.6% | 2.6% | 2.9% | 2.8% | 8.7% | 3.7% | 2.2% | 1.5% |
| Free cash flow | 3,319.7 bn | 3,734.2 bn | 3,485.4 bn | 5,531.3 bn | 3,190.8 bn | 1,259.2 bn | -565.6 bn | -1,006.0 bn |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2024 · 31 Dec 2024
- Cash
- 6,767.9 bn KRW
- Financial debt
- 14,881.6 bn KRW
- Net debt
- 8,113.7 bn KRW
- Equity
- 61,442.8 bn KRW
- Total assets
- 103,443.7 bn KRW
- Debt / equity
- 0.24x
- Current ratio
- 1.94x
- ROE
- 1.9%
- ROA
- 1.1%
- FCF margin
- -1.4%
Financial statements (source on every figure)
Revenue and net income (KRW)
Margins
Income statement · KRW
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 64,785.7 bn | 57,466.7 bn | 76,009.2 bn | 85,003.6 bn | 77,056.5 bn | 73,459.4 bn | SEC (XBRL)· 30 Apr 2025verified |
| Cost of revenue | 58,462.1 bn | 52,798.6 bn | 64,154.3 bn | 77,321.2 bn | 70,639.4 bn | 67,971.4 bn | SEC (XBRL)· 30 Apr 2025verified |
| Gross profit | 6,323.6 bn | 4,668.1 bn | 11,854.9 bn | 7,682.4 bn | 6,417.2 bn | 5,488.0 bn | SEC (XBRL)· 30 Apr 2025verified |
| Research & development | 499.8 bn | 468.1 bn | 468.5 bn | 536.3 bn | 518.4 bn | 555.6 bn | SEC (XBRL)· 30 Apr 2025verified |
| Operating income | 3,222.7 bn | 2,054.4 bn | 8,775.3 bn | 4,341.7 bn | 2,738.0 bn | 1,451.8 bn | SEC (XBRL)· 30 Apr 2025verified |
| Depreciation & amortisation | 3,461.1 bn | 3,621.7 bn | 3,579.4 bn | 3,687.6 bn | 3,823.3 bn | 3,984.5 bn | SEC (XBRL)· 30 Apr 2025verified |
| EBITDA | 6,683.8 bn ≈ | 5,676.1 bn ≈ | 12,354.8 bn ≈ | 8,029.3 bn ≈ | 6,561.3 bn ≈ | 5,436.3 bn ≈ | SEC (XBRL)· 30 Apr 2025derived |
| Interest expense | 2,242.1 bn | 2,892.4 bn | 2,765.2 bn | 5,804.5 bn | 4,203.0 bn | 5,080.7 bn | SEC (XBRL)· 30 Apr 2025verified |
| Pre-tax income | 3,126.5 bn | 1,972.8 bn | 9,389.8 bn | 4,047.5 bn | 2,635.4 bn | 1,326.2 bn | SEC (XBRL)· 30 Apr 2025verified |
| Income tax | 1,088.4 bn | 224.3 bn | 2,213.8 bn | 461.5 bn | 789.4 bn | 321.0 bn | SEC (XBRL)· 30 Apr 2025verified |
| Net income | 1,864.4 bn | 1,581.2 bn | 6,606.7 bn | 3,157.5 bn | 1,698.2 bn | 1,125.4 bn | SEC (XBRL)· 30 Apr 2025verified |
| Diluted EPS | 23,189.00 | 19,900.00 | 85,240.00 | 39,296.00 | 22,383.00 | 14,853.00 | SEC (XBRL)· 30 Apr 2025verified |
| Weighted average diluted shares | 80.1 m | 79.1 m | 76.7 m | 78.9 m | 75.9 m | 78.0 m | SEC (XBRL)· 30 Apr 2025verified |
| Dividend per share | 11,810.65 | 8,671.20 | 17,334.35 | 16,063.52 | 10,747.12 | 11,163.53 | SEC (XBRL)· 30 Apr 2025derived |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
- 2022
- 3,687.6 bn
- 2023
- 3,823.3 bn
- 2024
- 3,984.5 bn
SEC (XBRL)· 30 Apr 2025verified
Balance sheet · KRW
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 3,514.9 bn | 4,754.6 bn | 4,775.2 bn | 8,053.1 bn | 6,670.9 bn | 6,767.9 bn | SEC (XBRL)· 30 Apr 2025verified |
| Receivables | 9,070.0 bn | 8,110.2 bn | 9,978.9 bn | 9,702.1 bn | 10,803.0 bn | 10,821.5 bn | SEC (XBRL)· 30 Apr 2025verified |
| Inventories | 11,230.8 bn | 9,636.2 bn | 16,096.4 bn | 16,133.4 bn | 14,557.4 bn | 14,179.2 bn | SEC (XBRL)· 30 Apr 2025verified |
| Current assets | 35,144.5 bn | 36,404.8 bn | 47,419.9 bn | 48,243.0 bn | 46,731.9 bn | 44,065.5 bn | SEC (XBRL)· 30 Apr 2025verified |
| Property, plant & equipment, net | 29,926.0 bn | 29,400.1 bn | 29,596.7 bn | 31,781.2 bn | 35,206.2 bn | 39,846.8 bn | SEC (XBRL)· 30 Apr 2025verified |
| Goodwill | 1,097.8 bn | 903.9 bn | 736.0 bn | 442.5 bn | 403.2 bn | 357.9 bn | SEC (XBRL)· 30 Apr 2025verified |
| Total assets | 79,370.8 bn | 79,683.7 bn | 92,298.9 bn | 99,021.8 bn | 101,486.3 bn | 103,443.7 bn | SEC (XBRL)· 30 Apr 2025verified |
| Short-term debt | 5,486.3 bn | 5,194.4 bn | 5,110.4 bn | 6,833.1 bn | 4,959.3 bn | — | SEC (XBRL)· 29 Apr 2024verified |
| Long-term debt | 11,893.4 bn | 11,820.1 bn | 12,911.1 bn | 12,389.7 bn | 15,011.2 bn | 14,881.6 bn | SEC (XBRL)· 30 Apr 2025verified |
| Current liabilities | 16,551.1 bn | 17,211.5 bn | 21,271.4 bn | 23,434.7 bn | 22,467.7 bn | 22,741.1 bn | SEC (XBRL)· 30 Apr 2025verified |
| Total liabilities | 31,607.5 bn | 32,080.2 bn | 37,584.9 bn | 40,829.9 bn | 41,887.7 bn | 42,001.0 bn | SEC (XBRL)· 30 Apr 2025verified |
| Equity | 47,763.3 bn | 47,603.5 bn | 54,714.0 bn | 58,191.9 bn | 59,598.6 bn | 61,442.8 bn | SEC (XBRL)· 30 Apr 2025verified |
| Shares outstanding at year end | 80.1 m | 76.0 m | 75.6 m | 75.8 m | 75.9 m | 75.6 m | SEC (XBRL)· 30 Apr 2025verified |
- 2022
- 31,781.2 bn
- 2023
- 35,206.2 bn
- 2024
- 39,846.8 bn
SEC (XBRL)· 30 Apr 2025verified
Cash flow · KRW
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 6,004.7 bn | 8,685.7 bn | 6,259.4 bn | 6,186.8 bn | 6,167.7 bn | 6,663.7 bn | SEC (XBRL)· 30 Apr 2025verified |
| Capex | 2,519.2 bn | 3,154.4 bn | 3,068.6 bn | 4,927.6 bn | 6,733.3 bn | 7,669.7 bn | SEC (XBRL)· 30 Apr 2025verified |
| Free cash flow | 3,485.4 bn ≈ | 5,531.3 bn ≈ | 3,190.8 bn ≈ | 1,259.2 bn ≈ | -565.6 bn ≈ | -1,006.0 bn ≈ | SEC (XBRL)· 30 Apr 2025derived |
| Investing cash flow | -3,682.9 bn | -6,259.3 bn | -5,583.5 bn | -4,219.9 bn | -7,388.2 bn | -4,486.8 bn | SEC (XBRL)· 30 Apr 2025verified |
| Financing cash flow | -1,512.2 bn | -1,090.9 bn | -768.7 bn | 1,319.4 bn | -178.6 bn | -2,301.7 bn | SEC (XBRL)· 30 Apr 2025verified |
| Dividends paid | 946.2 bn | 659.1 bn | 1,310.9 bn | 1,218.4 bn | 815.5 bn | 844.2 bn | SEC (XBRL)· 30 Apr 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 21 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Price and reporting are in different currencies; market indicators are unavailable.
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
- Balance sheet39
- Growth0
- Quality20
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Unattractive profile · Score 21/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 1.5% | 29 (vs peers) | 17% |
| Net margin · Quality | 1.5% | 25 (vs peers) | 10% |
| FCF conversion · Quality | -89.4% | 0 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | -1.1% | 0 (on a fixed band) | 14% |
| EPS CAGR 3Y · Growth | -44.1% | 0 (on a fixed band) | 14% |
| Net debt / EBITDA · Balance sheet | 1.5x | 40 (vs peers) | 17% |
| Interest coverage · Balance sheet | 0.3x | 0 (on a fixed band) | 10% |
| Current ratio · Balance sheet | 1.9x | 95 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet39/100 · 3/3 factors with a value
- Growth0/100 · 2/2 factors with a value
- Quality20/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
POSCO HOLDINGS INC. (PKX). Latest full fiscal year: 2024; data up to 2024-12-31.
Figures computed from the financial statements: revenue 73,459.4 bn KRW in 2024; YoY growth -4.7%; net margin 1.5%; ROE 2.1%; net debt/EBITDA 1.5x.
The estimated value range is 244,532.48–489,966.07 KRW per share (median of 3 methods, agreement: low); assumptions are illustrative. The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 21/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: returns, valuation. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 1.9x
What contradicts it
- ROIC: 1.5%
- Net margin: 1.5%
- FCF conversion: -89.4%
- Revenue CAGR 3Y: -1.1%
- EPS CAGR 3Y: -44.1%
- Interest coverage: 0.3x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (SIC 3312) · same industry (4-digit SIC) · compared with 12 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| TXTernium S.A. | 103.0 bn | 233.6 | 3.6% | 2.7% | −11.6% | +40% / +30% |
| NUENucor Corp | 60.8 bn | 35.6 | 8.2% | 5.4% | +5.7% | +68% / +58% |
| TSTenaris SA | 59.9 bn | 31.0 | 11.6% | 16.1% | −4.3% | +39% / +61% |
| MTArcelorMittal | 47.6 bn | 15.2 | 6.1% | 5.1% | −1.7% | +45% / +148% |
| STLDSteel Dynamics, Inc. | 34.1 bn | 17.7 | 20.8% | 8.8% | +3.6% | +43% / +102% |
| CRSCarpenter Technology Corporation | 14.5 bn | 25.8 | 27.8% | 17.9% | +8.6% | −8% / +313% |
| CMCCommercial Metals Company | 7.3 bn | 11.3 | 14.8% | 7.0% | +20.5% | +4% / +47% |
| SXCSuncoke Energy, Inc. | 886.9 m | — | -8.5% | -2.9% | −5.1% | +60% / +12% |
| MTUSMetallus Inc. | 737.3 m | 35.0 | 3.4% | 1.9% | +6.9% | +6% / −12% |
| TWITitan International, Inc. | 314.6 m | — | -22.9% | -5.7% | −0.9% | −40% / −63% |
| PKXPosco Holdings Inc. | — | — | 2.1% | 1.5% | −4.7% | −4% / −38% |
| SIMGRUPO SIMEC, S.A.B. de C.V. | — | — | 19.2% | 31.2% | −18.2% | −8% / −15% |
| ASTLAlgoma Steel Group Inc. | — | — | -98.5% | -47.2% | −25.4% | +23% / −37% |
1- and 3-year price returns: for PKX from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 29 Apr 2026; since then the company filed 6-K (02 Nov 2026), 6-K (21 Oct 2026), 6-K (20 Oct 2026), 6-K (30 Sept 2026), 6-K (31 Aug 2026).
In brief
POSCO HOLDINGS INC. is a holding company whose subsidiaries include POSCO, one of the largest steel producers in the world, and which is diversifying into trading, construction, logistics and battery materials. The company reported a difficult 2025, with revenue of 68,987 billion won and a lower profit, which makes its dependence on the global steel cycle worth examining. 1
SWOT
Strengths
- A leading position in integrated steel production in Korea, with facilities considered among the most technologically advanced in the world 1.
- A holding structure that allows diversification into trading, construction, logistics and battery materials 1.
- A large domestic market share in several product categories, including cold and hot rolled products 1.
Weaknesses
Opportunities
- Growing demand for lower-carbon steel and higher value-added products such as silicon steel sheets 1.
- Development of the trading segment in natural resources and energy, which could reduce dependence on steel 1.
- Growth of battery materials and lithium projects, if demand for electric vehicles increases 1.
Risks
- Global economic slowdownhigh
A prolonged fall in demand could force the company to reduce capacity and fixed costs, and prices could decline further 1.
- Intense competition in steelhigh
Chinese overcapacity and larger competitors could reduce margins and revenue, and larger rivals may invest more aggressively in capacity 1.
- Tariffs and trade policymedium
Tariffs on export markets could reduce volumes sold abroad, which make up a large part of steel segment revenue 1.
- Currency exposuremedium
Changes in the won-dollar rate can affect accounting profit and the won cost of dollar-denominated debt 1.
- Construction and trading riskslow
Competition for contracts and dependence on international projects can affect the results of the construction and trading segments 1.
Investment thesis
What would need to be true (bull case)
- If capacity reduction and production discipline hold, margins could gradually recover, especially in higher value-added products 1.
- Diversification into trading, construction and energy could reduce dependence on steel and stabilise revenue in weak cycles 1.
- A leading position in Korea and advanced facilities could support market share if domestic demand recovers 1.
What would break the thesis
- If global demand stays weak, revenue and profit could keep falling, as they have in the last two years 1.
- Chinese overcapacity could keep prices low and limit the company's ability to expand margins 1.
- The diversification segments are still small compared with steel, and their success is not assured and depends on uncertain market conditions 1.
What to watch
- Trend in unit sales prices and operating margin in steelQ1 2027
- Utilisation rate of crude steel production capacity2027
- Impact of trade tariffs on steel segment exportsnext 10-K
- Progress toward the 2035 emissions reduction targets2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 29 Apr 2026; since then the company filed 6-K (02 Nov 2026), 6-K (21 Oct 2026), 6-K (20 Oct 2026), 6-K (30 Sept 2026), 6-K (31 Aug 2026).
The business
POSCO HOLDINGS INC. was formed when the POSCO group converted into a holding company after the March 2022 spin-off, in which domestic steel production and sales were moved into the subsidiary POSCO 1. The company has six reportable segments: steel, three infrastructure segments (trading, construction, and logistics and others), rechargeable battery materials, and others. The group aims to invest in promising businesses and diversify both vertically and horizontally 1. Revenue in 2025 was 68,987 billion won, down from the prior year 1.
The steel segment remains the centre of the group, and POSCO operates integrated capacity in Korea, with Pohang Works and Gwangyang Works as its main facilities 1. The trading segment, led by POSCO INTERNATIONAL, also covers natural resources development and power generation, following the merger with POSCO Energy in January 2023 1. The construction segment, through POSCO E&C, covers industrial, civil and residential projects in Korea and abroad 1.
Rechargeable battery materials, produced by POSCO Future M, include cathode and anode materials, and the group has also invested in lithium production projects 1. These activities are part of the diversification strategy, but their contribution to total revenue remains small compared with steel and trading 1.
Segments
Steel
The steel segment accounted for 54,1% of total revenue in 2025 1, producing cold and hot rolled products, stainless steel, plates, wire rods and silicon steel sheets. Export and overseas sales represented 61,7% of the segment's revenue in 2025 1, and Asia is the main export market, with China at 19,0% of export revenue 1.
Trading and infrastructure
The trading segment, at 34,4% of total revenue in 2025 1, is the largest by share of consolidated sales and an important channel for exports and imports of steel and other goods 1. Construction, at 8,1% of revenue 1, completes the infrastructure group, while logistics and other segments are very small 1.
Market context
The global market is affected by overcapacity in China and competition from emerging economies, which have put pressure on prices 1. The company notes that the average unit sales price fell from 1,272,754 won per ton in 2023 to 1,159,315 won per ton in 2025 1. The effect on margins is partly offset by the weaker won against the dollar, which raises export prices in won terms 1.
Trends
- Weak global steel demandheadwind
Weak global demand and industry overcapacity have reduced volumes and prices, and the company has repeatedly adjusted production 1. If the weakness persists, further capacity and cost reductions could be needed 1.
- Diversification into trading and infrastructuretailwind
The weight of the trading and construction segments shows that the group is supporting revenue with activities less tied to steel 1. This could reduce dependence on the steel cycle if these segments develop 1.
- Transition to lower-carbon energymixed
The company has set targets of a 30% emissions reduction by 2035 and 50% by 2040, with net zero by 2050 1. Investment in low-carbon technology and hydrogen reduction could bring short-term costs but also competitive advantages 1.
- Currency fluctuationsmixed
Many revenues and costs are in foreign currencies, and a weaker won can raise the won cost of imported raw materials and dollar debt 1. A stronger won, by contrast, makes exports more expensive in foreign markets 1.
Competitive position
In steel, the company faces large global competitors from China and India, which have greater capacity and can compete aggressively on price 1. In trading, POSCO INTERNATIONAL competes with other Korean trading companies affiliated with large business groups and with foreign trading houses, especially from Japan 1.
In construction, POSCO E&C faces about ten major Korean companies and international contractors, and in power generation competitors include companies affiliated with SK Innovation and GS EPS 1. Intense competition can reduce margins and make it harder to win contracts 1.
- Global steel producers in China and India
Competitors with large production capacity that can exert pressure on export prices 1.
- Korean general trading companies affiliated with business groups
Competitors of POSCO INTERNATIONAL in trading in the domestic and overseas markets 1.
- SK Innovation Co., Ltd. and GS EPS Co., Ltd.
Energy companies that compete with the power generation activities within the trading segment 1.
- Samsung SDS, LG CNS and SK Inc. AX
IT service providers that compete with POSCO DX 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- POSCO Future M, Hyundai Motor Group explore Vietnam anode investmentKorea Times — Business · 03 Nov 2026 · EN
- POSCO Future M says Hyundai Motor to consider investment in Vietnam projectYonhap News (KR, EN) · 03 Nov 2026 · EN
- (2nd LD) POSCO Holdings Q3 net falls 1.8 pct on one-off lossesYonhap News (KR, EN) · 02 Nov 2026 · EN
- (LEAD) POSCO Holdings Q3 net falls 1.8 pct amid lower lithium pricesYonhap News (KR, EN) · 02 Nov 2026 · EN
- POSCO union to vote on tentative wage deal this weekKorea Times — Business · 01 Nov 2026 · EN
- POSCO union to vote on tentative wage deal this weekYonhap News (KR, EN) · 01 Nov 2026 · EN
- POSCO union warns of 'indefinite' walkout after wage talks collapseKorea Times — Business · 26 Oct 2026 · EN
- POSCO union warns of 'indefinite' walkout after wage talks collapseYonhap News (KR, EN) · 26 Oct 2026 · EN
- POSCO's 1% Foundation supports veterans, students, local communitiesKorea Times — Business · 25 Oct 2026 · EN
- Wage talks between POSCO, unionized workers break downYonhap News (KR, EN) · 24 Oct 2026 · EN
- POSCO International earns top AAA rating for customs complianceKorea Times — Business · 21 Oct 2026 · EN
- POSCO, Hanwha Ocean team up on high-manganese steel LNG cargo tanksKorea Times — Business · 15 Oct 2026 · EN
- POSCO completes upstream process of 2nd lithium plant in ArgentinaKorea Times — Business · 07 Oct 2026 · EN
- KAI, POSCO International team up for aerospace cooperation in MexicoKorea Times — Business · 28 Sept 2026 · EN
- KAI, POSCO International team up for aerospace cooperation in MexicoYonhap News (KR, EN) · 28 Sept 2026 · EN
- POSCO Group accelerates resource strategy as global competition shiftsKorea Times — Business · 17 Sept 2026 · EN
- (LEAD) POSCO workers stage 2nd partial strike over wage demandsYonhap News (KR, EN) · 16 Sept 2026 · EN
- POSCO workers stage 2nd partial strike over wage demandsKorea Times — Business · 15 Sept 2026 · EN
- POSCO workers stage 2nd partial strike over wage demandsYonhap News (KR, EN) · 15 Sept 2026 · EN
- POSCO Int'l to raise $395.8 mil. for US shale gas assetsKorea Times — Business · 14 Sept 2026 · EN
SEC filings
- Current report (foreign issuer)02 Nov 2026
- Current report (foreign issuer)02 Nov 2026
- Current report (foreign issuer)21 Oct 2026
- Current report (foreign issuer)20 Oct 2026
- Current report (foreign issuer)30 Sept 2026
- Current report (foreign issuer)31 Aug 2026
- Current report (foreign issuer)18 Aug 2026
- Current report (foreign issuer)14 Aug 2026
- Current report (foreign issuer)07 Aug 2026
- Current report (foreign issuer)07 Aug 2026
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / POSCO HOLDINGS INC. · 29 Apr 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.