POSCO Holdings Confirms Ongoing Talks With Cleveland Cliffs, No Final Decision Made

Reuters12-08

POSCO Holdings Confirms Ongoing Talks With Cleveland Cliffs, No Final Decision Made

POSCO Holdings Inc. has issued a clarification regarding recent rumors reported by the Maeil Business Newspaper about Kim Jae-Chul's bid to acquire HMM, described as a significant business ambition. The company stated that this disclosure serves as an official notice in response to those reports. Additionally, POSCO Holdings confirmed that while it has signed a memorandum of understanding with Cleveland Cliffs as part of its steel business strategy to expand into the US market, discussions on equity ownership and investment size are ongoing and no final decisions have been made. The company plans to provide further updates when specific matters are decided or within one month.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. POSCO Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-310490), on December 08, 2025, and is solely responsible for the information contained therein.

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