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POSCO's labor union plans an open-ended strike starting Nov. 2, demanding a 7.1% base pay increase and 600% incentive pay, while management offered 2.5% and a one-time 5M won payment. The deadlock may disrupt production and impact the steel industry. HD Hyundai Heavy Industries' union vote outcome is also watched as a labor trend indicator.

Nonghyup Bank will provide POSCO International with 500 billion won in financing over three years to support food security and productive finance, per industry sources. The agreement includes FX support and preferential trade finance fees.

Samsung C&T and POSCO E&C won Seoul apartment remodeling contracts. Samsung C&T secured a 125 billion won project for Banpo Prugio, while POSCO E&C won a 526.4 billion won project for Isu Shindonga Complex 4. Both projects will proceed under private contracts.

POSCO E&C won a 526.4 billion won contract to remodel the Isu Shindong-A 4 Complex in Seoul, increasing households from 912 to 1,048. The company was selected with 92.6% approval and will proceed as the sole bidder. The project includes new amenities and a proposed name change to 'The Sharp Isu Station El Platz.'

POSCO's labor union will launch an indefinite strike starting Nov. 2 after wage talks collapsed. The union demands a 7.1% base pay increase, while management offered 2.5%. POSCO Holdings is expected to report Q3 revenue of 18.6394 trillion won and operating profit of 812.7 billion won, up 8% and 27% YoY, respectively, according to FnGuide. A strike could disrupt production, but management plans to adjust schedules and maintain operations.

POSCO's CEO will meet with the labor union to resolve stalled wage talks. The company offered a 2.5% base pay increase and a one-time payment of 5 million won, but the union seeks more. Partial strikes occurred last month. Outcome uncertain.

POSCO Steeleon, a POSCO Group subsidiary, received quality approval on October 21 to supply stainless steel anti-fingerprint color steel sheets to General Electric (GE) for use in premium refrigerators. This marks the first time a South Korean color steel producer has entered GE's supply chain, following a two-year collaborative process.

POSCO Future M (003670) has adopted Palantir's AI platforms, Foundry and AIP, aiming to improve customer response by 60% and productivity by 30% in its battery materials business. The phased rollout starts with sales and marketing, then expands to manufacturing and operations. The company also plans to cut product development timelines by 50% and establish an AI-native system for real-time decision-making.

POSCO Holdings received federal environmental approval for the first phase of its KRW 4 trillion low-carbon iron project in Port Hedland, Western Australia. The plant, planned for 2031 production, will process 3-3.5 million tons of iron ore annually. POSCO aims to finalize consultations, permits, and investment decisions with partners, including Roy Hill mine co-investors.

The Korea Institute of Fusion Energy and POSCO Holdings signed a cooperation agreement to advance fusion energy technology and establish supply chains for key materials. The partnership aims to develop and evaluate materials like tungsten and special steels, design fusion devices, and explore commercialization opportunities. According to the institute, this collaboration is crucial for turning fusion energy into a reality.