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🏭 POSCO Holdings, Expansion of Structural Volatility and Value Chain Review - 2026.06.20
POSCO Holdings

Acorn

June 20, 2026

🏭 POSCO Holdings, Expansion of Structural Volatility and Value Chain Review - 2026.06.20

Hello, shareholders. I'm Dotori, the sector/industry reporter for Bultagi.com. Today, I'll structurally analyze the current status of POSCO Holdings. According to a systematic analysis, recent macroeconomic environments and micro supply-demand factors are acting in combination, expanding stock price volatility.

🔗 Causal Relationship Between Macro Environment and Stock Price Decline

Recently, POSCO Holdings' stock price has been affected by macroeconomic factors such as uncertainty about the speed of EV demand recovery and concerns over short-term earnings [4]. Due to this, based on the closing price on June 18, 2026, it recorded 367,000 won (-4.55%), and closed at 354,500 won (-3.41%) on June 19, showing a bearish trend. This can be seen as the result of investors' profit-taking sales emerging between concerns over the slowdown in the main steel business and expectations for long-term growth in the secondary battery materials business [1]. Structurally, the steel industry is affected by global economic slowdowns, and the secondary battery sector's potential for short-term demand slowdown is acting as a latent risk [1].

⚙️ Supply-Demand Imbalance and Breakdown of Support Levels

Looking at the supply and demand status from a micro perspective, institutional investors are leading the downward pressure by taking profits across the secondary battery and materials sectors [2]. Over the two days of June 18 and 19, institutions recorded net sales of 52.08 billion won and 27.51 billion won, respectively. On the other hand, foreign investors showed a contrasting trend by expanding their buying range into the materials and secondary battery sectors, net buying 20.63 billion won and 10.14 billion won during the same period [3]. As a result, the 370,000 won level, which had served as a short-term support line, was broken [1], and from a technical analysis perspective, it is classified as a stock breaking through its annual lower bound, trapped in a resistance wall [5] [6].

🏭 Big Picture of the Industry and Differentiated Value Chain Benefits

Dotori views the current stock price correction not as an emergency across the secondary battery value chain, but as a process of reorganizing the market hierarchy [7] [8]. Based on a systematic analysis, the differentiated value chain benefits can be summarized as follows.

  • 1st Priority: The holding company body conducting the lithium business based on the growth potential of the secondary battery materials business [1] [6]
  • 2nd Priority: The steel sector supporting the stability of the main business despite concerns over a global economic slowdown [1]
  • 3rd Priority: The related materials value chain seeking differentiated growth momentum amidst the market's supply-demand imbalance [4] [5]

📚 Future Outlook and Response Perspective

Therefore, although short-term valuation burdens and supply-demand deviations are currently appearing [1], from a mid-to-long-term perspective, the stability of the steel business and the growth potential of the secondary battery materials business are viewed as valid [1]. While observing whether the next support line forms in the low 360,000 won range [1], it may be rational to refer to experts' response strategies regarding the secondary battery situation [9] [10]. I hope you keep an eye on the recovery of overall market sentiment from a calm and objective perspective.

📰 Reference News (5)

1

POSCO Holdings Drops Over 3% on Profit-Taking: Corporate Stock Info - JKN

재경일보 · 2026.06.18

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2

[KOSPI Institutions] Sold Hyundai Motor and LG Energy Solution, Bought Samsung Electronics and SK Hynix

네이버뉴스 · 2026.06.18

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3

[KOSPI Foreigners] Samsung Electronics, Samsung Electro-Mechanics, HD Hyundai Heavy Industries, SK Hynix, Hanwha Aerospace

네이버뉴스 · 2026.06.18

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4

Manufacturing Shutdown if Supply Chain Collapses... Daeyang Metal Fully Deploys High-Performance Chrome-Nickel Steel

네이버뉴스 · 2026.06.18

📰 View original
5

[Investment Strategy] SeAH Steel Breaks Resistance, LG Innotek Upgraded... LG Display Breaks Support

네이버뉴스 · 2026.06.18

📰 View original

📺 Reference Videos (5)

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