Market Segment
May 5, 2026
POSCO cites 'different opinions' for stalled progress with Cleveland-Cliffs
Written by Kristen DiLandro
POSCO said its negotiations with Cleveland-Cliffs remain active, citing differences in opinions for lagging progress.
Following a financial presentation from the company, an analyst asked the South Korean steel and materials company whether it would discuss budgets and timelines for its overseas projects. Kim Gwang-mu, head of POSCO’s strategic investments division, said the company and the Cleveland-based steelmaker were having trouble reaching an agreement on valuation.
