POSCO and JSW Sign an Agreement to Explore Steel Plant in India

Group 1 - POSCO has signed a non-binding Heads of Agreement with JSW Steel to explore the establishment of a 6 million tons per annum integrated steel plant in India, combining POSCO's advanced technology with JSW's market presence [1][8] - The agreement outlines a proposed 50:50 joint venture, with a detailed feasibility study to determine the plant's location, investment structure, and resource requirements, with Odisha being a preferred site [2][8] - The partnership aims to align with India's self-reliance vision and create a globally competitive manufacturing hub for both domestic and export markets [3][8] Group 2 - PKX stock has experienced a decline of 15.7% over the past year, compared to the industry's decline of 19.2% [5] - PKX currently holds a Zacks Rank of 2 (Buy), indicating a favorable outlook among analysts [6] - Other top-ranked stocks in the Basic Materials sector include Nutrien Ltd., Carpenter Technology Corporation, and CF Industries Holdings, with varying degrees of performance and earnings estimates [6][7][9][10]