POSCO Holdings says no decisions yet on Cleveland-Cliffs equity stake, investment size

Reuters04-01 04:58

POSCO Holdings says no decisions yet on Cleveland-Cliffs equity stake, investment size

POSCO Holdings issued clarification on report about bid for KRW 10 trillion HMM acquisition.
Company confirmed it signed MOU with Cleveland-Cliffs as part of overseas steel growth strategy focused on high-profit US market.
Talks cover potential equity stake, investment size.
No final decisions have been made on ownership structure or investment amount.
POSCO Holdings set re-disclosure date for Sept. 30, 2026.

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: 0001193125-26-133144), on March 31, 2026, and is solely responsible for the information contained therein.

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