Research Report
[2H26 Outlook] SteelRecovery remains slow, but valuations are compelling
- Author Ki Ryong Kim
- Date Wed Jun 10 00:00:00 KST 2026
- Stock Code 004020 / 005490
- File 20260610_[2H26 Outlook] Steel.pdf
[Summary]
Discount likely to narrow amid earnings improvement
Antidumping duties support rebound in domestic prices
Raw material prices unlikely to rise sharply from current levels
Impact of China’s export licensing system
Challenging export environment for Korean steelmakers
Drivers of US steel stock rally
How strikes on Iranian steel mills affect global supply
Company analysis
POSCO Holdings (005490 KS) - Top pick
Hyundai Steel (004020 KS)
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