0224 GMT - Posco Holdings' profitability could improve after South Korean antidumping duties against Chinese and Japanese steel are finalized, possibly in July or August, Nomura analyst Cindy Park writes in a note. The South Korean steelmaker would enjoy reduced price competition and higher steel prices at home if the tariffs are finalized, Park says. She notes that steel plates and hot-rolled coils from China and Japan are currently 7%-13% cheaper than local products. Nomura upgrades its rating on the stock to buy from neutral and raises the target price by 22% to KRW330,000. Shares are 0.6% higher at KRW259,000. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
June 17, 2025 22:24 ET (02:24 GMT)
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