POSCO Holdings publishes third-quarter 2026 earnings presentation
PKX•POSCO Holdings reported third-quarter steel operating profit of KRW 455 billion, up KRW 181 billion quarter-on-quarter, and a 4.6% operating margin. The presentation also reported higher POSCO Future M sales and profit, completion of a second Argentina lithium plant, and POSCO International’s $550 million acquisition of shale gas assets.
1. Steel business rebounds
POSCO Holdings’ steel business posted third-quarter 2026 operating profit of KRW 455 billion, up KRW 181 billion quarter-on-quarter. Its operating margin recovered to 4.6%, supported by higher selling prices, increased production and lower logistics costs.
2. Other business developments
POSCO Future M sales rose to KRW 835 billion from KRW 680 billion, while operating profit increased to KRW 82 billion. Completion of POSCO Holdings’ second lithium plant in Argentina on October 6 established annual production capacity of 50,000 tons, including downstream processing in South Korea. POSCO International acquired Chord’s Marcellus shale gas assets for $550 million, securing annual production equivalent to 1 million tons of LNG.
