By Kwanwoo Jun

Posco Holdings is scheduled to report its first-quarter results on Thursday. Here's what you need to know:

NET PROFIT FORECAST: The South Korean steelmaker is forecast to post a net profit of 335.93 billion won, equivalent to $236.1 million, for the January-March quarter, according to a FactSet-compiled consensus forecast. That would be nearly 40% lower than a 547.00 billion won profit for the same period a year earlier.

REVENUE FORECAST: The consensus forecast is for revenue to come in at 17.650 trillion won for the March quarter, with operating profit expected at 550.51 billion won.

The stock gained 9.9% for the quarter. Shares were recently 0.2% higher on Tuesday.

WHAT TO WATCH:

--TARIFFS: Posco is expected to have been hit by President Trump's 25% duties on steel and aluminum imports, effective since March, which analysts say likely led to a decline in the company's steel exports to the U.S.

--CHINA: The oversupply of steel products, especially Chinese goods glutting local markets, will also be in focus. The company's outlook on future Chinese steel output will be of interest, as some analysts expect a production cut in China. The South Korean government has recently moved to impose provisional anti-dumping duties on Chinese hot-rolled thick steel plates from April.

--U.S. PLANT: Any update on Posco's plan to make an equity investment in Hyundai Motor's $5.8 billion steel mill to be built in Louisiana will be interesting. Both companies earlier this week signed a memorandum of understanding to cooperate on the U.S. steel plant, but didn't disclose details.

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

(END) Dow Jones Newswires

April 22, 2025 00:58 ET (04:58 GMT)

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