POSCO Forecasts All-time high in the 4th quarter (Hana Financial Investment)
POSCO Forecasts All-time high in the 4th quarter (Hana Financial Investment)
  • 이지선 기자
  • 승인 2021.11.22 08:18
  • 최종수정 2021.11.21 23:04
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서울 포스코센터 전경. 사진=포스코 제공
서울 포스코센터 전경. 사진=포스코 제공

Hana Financial Investment predicted on the 21st that the spread of POSCO in the fourth quarter is expected to shrink, but it will record all-time earnings. The investment opinion remained 'buy' and the target price remained at 500,000 won.

"The average unit price of carbon steel is expected to rise by 18,000 won / ton in the fourth quarter due to an increase in the price of Hyundai Motor Group's car steel plates and improved product sales mix," Hana Financial Investment said. "It is expected to be the second highest ever after the third quarter of this year.".

It is expected that China's structural change benefits and positive news from the U.S. will serve as a boon.

"China's reinforcement production plunged 23.3 percent on-year last month and is expected to fall 2.8 percent this year compared to last year," Hana Financial Investment said. "The timing of the peak of carbon emissions in energy-consumption industries such as steel should be shortened as much as possible.".

Hana Financial Investment predicted, "In order to achieve the carbon emission peak in 2030, China's reinforcement production is expected to fall from 1.05 billion tons last year to 950 million tons in 2025 and 900 million tons in 2030.".

Hana Financial Investment also said, "Recently, the United States has agreed to remove 25% of existing import tariffs on EU steel materials" adding "The U.S. is also scheduled to hold negotiations with Japan, the U.K. and South Korea on tariff disputes, and its allies are likely to ease regulations on steel imports.".

Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com


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