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POSCO Reports Decline in 2024 Sales Amid Global Steel Industry Challenges
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POSCO Reports Decline in 2024 Sales Amid Global Steel Industry Challenges

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POSCO ( (PKX) ) has shared an update.

POSCO, a major player in the steel industry, reported its financial performance for the first three quarters of 2024, highlighting a decline in sales and operating income across most of its business segments compared to previous years. The company attributed the decrease primarily to a downturn in China’s real estate sector and a delayed recovery in demand industries, which impacted global crude steel production.

More about POSCO

YTD Price Performance: -49.64%

Average Trading Volume: 319,231

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $14.07B

See more data about PKX stock on TipRanks’ Stock Analysis page.

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