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    A005490   KR7005490008

POSCO HOLDINGS INC.

(A005490)
  Report
End-of-day quote Korea Stock Exchange  -  2022-12-07
286500.00 KRW   -1.21%
12/07Potential Economic Downturn Strains Japanese Shares; W-Scope Gains 7% as Unit Nears Supply Deal with South Korea's Posco
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12/06W-Scope Shares Zoom 8% as Korean Unit Signs Letter of Intent with Posco
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12/05MarketScreener's World Press Review: December 5, 2022
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POSCO : Important Notice of the Company Management - Form 6-K

09/16/2022 | 08:20am EST

Important Notice of the Company Management

(Disclosure of POSCO HOLDINGS' Subsidiary Company POSCO)

Subject Update on production resume schedule of major mills in Pohang Steelworks and estimated impact on revenue
Important Updates

-   Three blast furnaces which are the core facilities of the steelworks, two FINEX plants and steelmaking and continuous casting facilities are returned to normal operation as of September 16, 2022, and resumed production of semi-finished steel(slab)

-   The production resumption of major mills is planned to be carried out with the following target schedule.

*  September 2022 : #1 Cold Rolling Mill, #2/#3 Electrical Steel Mill

*  October 2022 : #1 Hot Rolling Mill, #2/#3 Plate Mill

*  November 2022 : #1/#4 Wire Rod Mill, #2 Cold Rolling Mill, Electro Galvanized Steel Mill

*  December 2022 : #3 Wire Rod Mill, #2 Stainless Steel Cold Rolling Mill, #2 Hot Rolling Mill, and etc.

-   Based on target production resumption schedule above, potential reduction of revenue is estimated to be around KRW 2.04 trillion. However, it is provisional estimation and may vary in the future.

Other matters to be factored into investment decisions

-   POSCO is a major subsidiary of POSCO HOLDINGS, accounting for 43.9% of the total consolidated assets. The total assets of subsidiary company and the consolidated total assets of parent company are based on the 1Q consolidated financial statements of POSCO HOLDINGS as of March 31, 2022 which is after the vertical spin-off.

-   Gwangyang Steelworks is operating normally. Therefore, a part of the slabs produced in Pohang Steelworks will be transferred to Gwangyang for continuous processing. In addition, repair schedule of Gwangyang Steelworks will be adjusted to process extra slabs from Pohang.

-   Information provided above may be subject to change due to the restoration process and conditions of Pohang Steelworks. We will provide further disclosure if the schedule changes.

ø Related Disclosures

-   Resumption of Production (September 14, 2022)

-   Suspension of Production (September 7, 2022)

Disclaimer

POSCO Holdings Inc. published this content on 16 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2022 12:19:07 UTC.


ę Publicnow 2022
All news about POSCO HOLDINGS INC.
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Analyst Recommendations on POSCO HOLDINGS INC.
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Financials
Sales 2022 85 734 B 65,1 B 65,1 B
Net income 2022 4 337 B 3,29 B 3,29 B
Net Debt 2022 3 494 B 2,65 B 2,65 B
P/E ratio 2022 5,44x
Yield 2022 5,01%
Capitalization 21 731 B 16 500 M 16 500 M
EV / Sales 2022 0,29x
EV / Sales 2023 0,30x
Nbr of Employees 168
Free-Float 84,6%
Chart POSCO HOLDINGS INC.
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Technical analysis trends POSCO HOLDINGS INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 286 500,00 KRW
Average target price 341 052,63 KRW
Spread / Average Target 19,0%
EPS Revisions
Managers and Directors
Jeong-Woo Choi Chairman & Co-Chief Executive Officer
In-Hwa Chang Co-President, Co-CEO & Director
Jung-Son Chon Co-Chief Executive Officer & Director
Seung-Kyu Lim Senior Managing Director & Head-Finance
Seong-Wook Lee Head-Legal & Compliance Support
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