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POSCO to spin off steel businesses and become holding company

Monday, 13 December 2021 12:12:13 (GMT+3) | Istanbul

South Korean steelmaker POSCO has stated that it plans to split off its steel businesses and become a holding company, which will be called POSCO Holdings Inc., through restructuring.

The splitting of the steel businesses is expected to take place on March 1, 2022.

The steel businesses will be owned by POSCO Holdings and will remain unlisted to align growth value with shareholder value.

The restructuring of the company is aimed at finding new growth businesses, SteelOrbis understands.

Tags: Korea S. Southeast Asia POSCO

Damla Tükenmez

Editor

I graduated from the Department of English Language and Literature at Kocaeli University. Since 2020, I have been producing content focused on the steel industry. At SteelOrbis, I write industry news on a wide range of topics, including EU and UK trade measures, regulatory changes, quota utilization, and the statements and views of organizations representing the Turkish steel sector.

POSCO to spin off steel businesses and become holding company

Damla Tükenmez

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