[Featured Stock] POSCO Holdings Up 8% on Steel Demand Recovery and Secondary Battery Material Sales Expectations

On the 3rd, POSCO Holdings is showing strong performance.

As of 10:13 AM on the same day, POSCO Holdings is trading at 397,000 KRW, up 7.88% compared to the previous trading day.

POSCO Holdings' core steel business is expected to show improved performance starting from the second quarter, reflecting expectations of demand recovery. The key new business in secondary battery materials such as lithium and nickel is scheduled to be reflected in sales starting from June. In particular, the lithium business's profit contribution is expected to become visible through the Gwangyang lithium hydroxide plant, scheduled for completion in October, and the Argentina lithium hydroxide plant, scheduled for completion in April next year.

Baek Jae-seung, a researcher at Samsung Securities, said, "We believe that the new business will contribute sufficiently along with improved performance through the recovery of the steel market."

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