ClarificationOct 21, 2026, 07:01 AM
POSCO Clarifies 'Low-Carbon Steel' Project in Australia; No Decision Made
AI Summary
POSCO Holdings Inc. has issued a clarification regarding a media report about speeding up a KRW 4 trillion 'low-carbon steel' project in Australia. The company is indeed reviewing the feasibility of an HBI production project in Western Australia as part of its carbon net-zero strategy. However, POSCO emphasizes that no final decisions have been made regarding investment, business structure, or the timeline. Further disclosures will be made once specifics are determined.
Key Highlights
- POSCO is reviewing the feasibility of an HBI (Hot Briquetted Iron) production project in Port Hedland, Western Australia.
- The project is related to achieving carbon net-zero and is valued at KRW 4 trillion.
- No decisions have been made regarding actual investment, specific business structure, or implementation schedule.
- An addendum to this disclosure will be made upon determination of specifics.
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