South Korea's POSCO posts 15% drop in second quarter operating profit on higher raw materials costs [Reuters]
POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX)
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Source: Reuters
South Korea's POSCO posts 15% drop in second quarter operating profit on higher raw materials costs - Reuters 2 Min Read SEOUL (Reuters) - South Korean steelmaker POSCO ( 005490.KS ) said on Tuesday its second-quarter operating profit fell 15% from the same period a year earlier, dragged down by higher raw material costs, meeting analyst estimates. The world’s fifth-biggest steelmaker forecast a pick-up in China’s steel demand in the second half of the year, supported by a boost to economic policy, but said global steel demand growth is expected to slow due to economic uncertainties. The steel maker slightly raised its 2019 consolidated revenue target to 66.8 trillion won, from its previous goal of 66.3 trillion won in January. POSCO posted a consolidated operating profit of 1.1 trillion won ($933.7 million) for the April-June period, compared with 1.3 trillion won a year earlier and an average estimate of 1.1 trillion won, compiled from 13 analyst forecasts according to Refinitiv d
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News
- American Resources Corporation's ReElement Technologies and POSCO International Come Together to Develop a Sustainable Rare Earth Element and Magnet Supply Chain [Yahoo! Finance]Yahoo! Finance
- POSCO Holdings Inc. (NYSE: PKX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Global Silicon Oxide Precursor Market Witnessing Explosive Growth at 60.6% CAGR, Forecast 2024-2030 | Valuates Reports [Yahoo! Finance]Yahoo! Finance
- Iron Castings Market to Grow by USD 50.34 Billion (2024-2028), Driven by Automotive Segment Growth, with AI Impacting Market Trends - Technavio [Yahoo! Finance]Yahoo! Finance
- POSCO Holdings Inc. (NYSE: PKX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
PKX
Sec Filings
- 11/1/24 - Form 6-K
- 10/30/24 - Form 6-K
- 10/30/24 - Form 6-K
- PKX's page on the SEC website