POSCO Holdings Inc. (PKX) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.338 Hello, everyone. We'd like to begin the Pascal Holdings Earnings Call presentation. 00:00:05.338 -- 00:00:10.584 Thank you all for coming. Today, we will have a presentation from Pascal Holdings first, 00:00:10.584 -- 00:00:13.768 and then we will have a Q&A session with all those in attendance. 00:00:13.768 -- 00:00:17.293 For those who want to ask a question, please press star one. 00:00:17.293 -- 00:00:18.815 So 00:00:18.815 -- 00:00:25.481 let us now begin the earnings call for 2025 second quarter. 00:00:28.307 -- 00:00:31.926 Hello, everyone. I head up finance and IR at POS Goldings. 00:00:31.926 -- 00:00:34.629 My name is Kim Sung Joon. 00:00:34.629 -- 00:00:38.131 As you have already seen, I would 00:00:39.836 -- 00:00:44.421 like to first begin by thanking all of you for taking time out of your busy schedule 00:00:44.421 -- 00:00:48.927 to attend this earnings conference call. As you know, the past second quarter was marred 00:00:48.927 -- 00:00:51.971 by the intensifying global tariff war that began early this year. 00:00:51.971 -- 00:00:56.427 It was a time that saw incremental uncertainties, more so than ever before. 00:00:56.427 -- 00:01:01.212 Regardless of the hardship and challenges, Posco Holdings did its best to generate sustained 00:01:01.212 -- 00:01:05.697 growth. As a result, our consolidated revenue hit $17.6 trillion, 00:01:05.697 -- 00:01:09.519 operating price was $610 billion. 00:01:09.561 -- 00:01:13.365 By key business area, we observed noticeable improvement in steel. 00:01:13.365 -- 00:01:18.330 In both local and overseas steel businesses, quarter-on-quarter sales volume grew to 00:01:18.330 -- 00:01:22.935 push up revenues. With lower prices of iron ore and coking coal, mill margin improved, 00:01:22....