MarketBeat
02 Nov 2026, 09:19 UTC · 2h ago
What POSCO (PKX) Said on Its Q3 Earnings Call
Impact · against what's priced in
POSCO shows strong recovery in steel profitability that may drive a valuation rerating, though this is tempered by short-term production headwinds and a struggling lithium segment. The combination of blast furnace maintenance and delayed profitability for the second Argentina plant suggests a muted outlook for the next two quarters.
- PKX+0.30
No priced-in read yet
- In context
Q3 operating profit rose 48% year-over-year to KRW 945 billion, marking three quarters of improvement driven by steel. However, maintenance at Pohang Blast Furnace No. 2 will cut Q4 production by 430,000 tons, and the second Argentina lithium plant isn't expected to be profitable until Q3 2027.
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