Posco Holdings Inc (PKX) News & EventsPKXNews & EventsPosco Holdings Inc

Cliffs States It Will Proceed at Fair Value to Shareholders

Cliffs says it will only proceed at "full and fair value to shareholders." Cliffs also notes that it has zero note maturities from 2026-2028 following October 2025 redemption. Comments taken from Q1 earnings conference call presentation slides.

Posco Stock Rises 11.6% to $60.04

Posco is up 11.6%, or $6.24 to $60.04.

Tariffs an 'incremental negative' for U.S. steel companies, says UBS

President Trump's "Liberation Day" tariffs, including 10% tariffs for all countries and additional reciprocal tariffs across 185 countries, are an "incremental negative" for U.S. steel companies on greater demand concerns, UBS analyst Andrew Jones tells investors in a research note. The additional, larger than expected tariffs bring a greater risk of demand destruction, though there is scope of negotiation and roll backs, the firm says, adding that there is also no incremental tariff on autos beyond the 25% announced previously, which could reduce North America steel production by 1.5M units. The firm maintains Buy ratings on Steel Dynamics (STLD) and Nucor (NUE) and a Sell rating on Posco (PKX).