Q3 2024 Posco Holdings Inc Earnings Call Transcript
Greetings. This is POSCO Holdings earnings release conference. Thank you, all, for participating. Today, we will hear a presentation from POSCO Holdings first, and then we will have a Q&A session with all the participants. (Operator Instructions) So now I would like to begin the third-quarter 2024 earnings release presentation.
Greetings. I'm CSO of POSCO Holdings. My name is Jung Gi-Seop. We have closed third-quarter revenues and operating profits at levels very similar to the second quarter. However, fuel price fell slightly deeper than we anticipated. In rechargeable battery materials, key raw materials prices continue to decline, creating a challenging business environment.
These challenges notwithstanding, we try to stretch profits as much as possible. Especially in steel, WTP products are high-end steel products that make up 32% of our sales, help to secure a level of profit margin that sustained POSCO's operating profit.
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