Posco Holdings (KRX:005490) reiterated that it has not reached a decision regarding a memorandum of understanding with U.S.-based steelmaker Cleveland-Cliffs for a potential equity investment, according to a Wednesday filing with the Korea Exchange.

The disclosure was in response to media reports from December 2025, which claimed that the South Korean steel manufacturer is in talks to acquire shipping giant HMM.

The company said it will disclose information when specific matters are decided or within a year.