0222 GMT - Posco Holdings' 2Q earnings may have been hurt by its unprofitable battery-material business, Eugene Investment & Securities analyst Lee Eu-gene says in a note. Its battery-material business could post a wider operating loss due to high costs of running newly built lithium plants and an inventory-value loss from lower 2Q lithium prices, Lee says. She expects Posco's overall 2Q operating profit to have fallen 12% on year to 660 billion won. Still, Posco's flagship steel business is set to benefit from South Korea's antidumping duties against Chinese steel and higher domestic steel-product prices as a result, she adds. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
July 14, 2025 22:22 ET (02:22 GMT)
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