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POSCO Holdings Inc. discloses response to media rumors about HMM acquisition, confirming an MOU with Cleveland-Cliffs for US steel market expansion with no finalized decisions on equity or investment.
Key Takeaways
1Media report on Dec 5, 2025 claimed Kim Jae-Chul targeting 10 trillion won HMM acquisition as business ambition.
2POSCO Holdings signed MOU with Cleveland-Cliffs to grow steel business overseas in high-profit US market.
3Discussions ongoing for equity ownership and investment size but no final decisions reached.
4Company to re-disclose when specifics finalized or by September 30, 2026.
5Related prior disclosures on Dec 8, 2025 and Jan 5, 2026 also undetermined.