POSCO joins Qantas, Airbus in bumper Jet Zero capital raising

Posco Holdings (PKX, 005490.KS) plans to invest KRW 480 billion to build a new automotive steel line in South Korea, increasing its annual production capacity to 4.95 million metric tons by 2028. The project aims to produce lower-carbon steel sheets, supporting demand for larger and greener vehicles. Shares are down 1.86% on the Korean Stock Exchange.

POSCO Holdings (PKX) shares fell during regular trading but rebounded in after-hours. The initial drop came despite positive news from its 2026 forum, suggesting investors had already priced in optimism. Later, a $19 billion Kazakhstan agreement and a favorable court ruling drove the recovery. Long-term growth is tied to lithium, energy, and rare-earth materials, but risks include heavy spending and weak free cash flow.

POSCO International, a unit of South Korean steel company POSCO, agreed to buy Chord Energy's non-operated Marcellus assets in northeast Pennsylvania for $550 million. The deal includes 32,000 net acres and production of 121 MMcf/d of dry gas. Chord Energy acquired the assets through its purchase of Enerplus in 2024.

Chord Energy (CHRD) agreed to sell its Marcellus position to POSCO International for $550M, expected to close in Q4. The deal includes 32k net acres and 121 MMcfpd production. Proceeds will reduce leverage and focus operations in the Williston Basin. Chord expects updated guidance in Q3 earnings. Advisors included Moelis, RBC, and Orrick.

Chord Energy (CHRD) agreed to sell its Marcellus gas assets to POSCO International (PKX) for $550M. The sale includes 32K net acres and 121M cf/day production, representing ~6x adjusted EBITDA. Chord will focus on the Williston Basin post-sale.

POSCO International is acquiring a stake in a U.S. gas field for 750 billion won, aiming to strengthen its LNG value chain. Samsung Securities initiated coverage with a 80,000 won target price and 'Buy' rating, citing expanded LNG capabilities. The company plans to increase gas and LNG trading volumes by 2031. Shinhan Securities noted potential long-term benefits despite overhang concerns.