5 Best Steel Stocks to Buy According to Analysts

4. POSCO Holdings Inc. (NYSE:PKX)

Average Analyst Rating: 1.78

Number of Hedge Fund Holders: 9

Pohang, South Korea-based POSCO Holdings Inc. (NYSE:PKX) is a leading steel producer with operations across six continents. Its offerings include hot rolled steel, steel plates, wire rods, cold rolled steel, galvanized steel, automotive steel, stainless steel, and steelmaker.

On January 31, POSCO Holdings Inc. (NYSE:PKX) released its financial results for FY 2023. Its total revenue declined by 9% y-o-y to KRW 77.1 trillion, while net income shrunk 48% y-o-y to KRW 1.8 trillion.

As of Q4 2023, POSCO Holdings Inc. (NYSE:PKX) shares were held by 9 hedge funds with a total value of $13 million. Simon Sadler’s Segantii Capital was its largest hedge fund shareholder with ownership of 0.06 million shares valued at $5.5 million.