0401 GMT - Posco Holdings' 1Q earnings could fall short of expectations due to weak steel demand, Hana Securities analyst Park Seong-bong says. The South Korean steelmaker could post 572 billion won in operating profit for the January-March period, below a market consensus forecast of 606 billion won, Park writes in a note. Posco's sales of steel products likely fell 1.7% on year to 8.01 million metric tons in 1Q, he notes. Higher iron-ore and other raw-material costs likely led to weak spreads in 1Q, he says. However, Posco could see its construction affiliate return to profit, while its trading and battery-material units will likely report improved earnings, he adds. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
April 03, 2026 00:01 ET (04:01 GMT)
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