8000P 가는데, 철강 주식의 향방은? | 박성봉 하나증권 리서치센터 팀장 [더블 크루]

Summary

Analyst Park Seong-bong discusses the steel sector outlook as KOSPI nears 8000. Steel prices are rising due to import restrictions on Chinese steel, not demand, and earnings should improve from Q3. He recommends Poongsan for copper exposure and highlights POSCO Holdings' undervalued lithium business. He also maintains a bullish structural view on lithium due to long-term supply deficits.

• Steel prices have risen 20% YTD, driven by import restrictions and anti-dumping duties on Chinese steel.
• Earnings recovery for domestic steelmakers is expected from Q3 2025 as supply tightens.
• Poongsan is recommended for its strong earnings tied to copper price strength.
• POSCO Holdings is seen as undervalued due to its lithium business, which should benefit from a structural lithium supply deficit.
• The analyst holds a long-term bullish view on lithium as a commodity, citing supply shortages through 2030.
• Construction steel demand remains weak but is expected to bottom by late 2025.
• Non-ferrous metals like copper and lithium are expected to see further price increases.
• The video is part of the 'Double Crew' financial show hosted by Vincent and Da-song.