RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Instagram Outage Disrupts Thousands of U.S. Users 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
POSCO and Samsung Electronics are cooperating for the supply of steel products. The companies have signed a multi-year deal which will also strengthen their business partnership.
The Pohang-headquartered steelmaker said on Tuesday, April 25, that this is its first long-term contract with Samsung Electronics. The signing ceremony actually took place last month but was only made public this week.
Korea Joongang Daily reported that Han Jong Hee, Samsung Electronics’ head of the DX division, and Kim Hak Dong, Posco’s vice chairman, met up for a conference on Tuesday at Samsung’s main plant in Suwon, Gyeonggi. They discussed about expanding their cooperation in various fields of business, including technology development. They have also brought up the possibilities for more joint projects in the future.
Under the three-year agreement, POSCO will supply steel sheets - cold-rolled, coated steel, and electrical steel to Samsung Electronic’s home appliance and display units until 2026, as per The Korea Economic Daily. The tie-up is aimed at ensuring that the Seoul-based electronics company will have a stable supply of steel products using the steelmaker’s global supply chain networks.
The deal will also increase the volume of steel that POSCO is supplying to Samsung Electronics by 25%. It was added that the shipment of the new batch of orders to the latter will start this year. Moreover, aside from the steel sheets, POSCO will also provide color-coated steel and Posco Magnesium Alloy Coating Products or PosMAC to Samsung.
“Our steel supply to Samsung will increase 25% from the current level. In addition to cold-rolled, coated and electrical steel products, we will also provide Samsung with color-coated steel through our affiliate POSCO Steeleon,” an official at POSCO said.
The steelmaker’s VP also stated, “We believe that Posco can contribute to ensuring stable raw materials supply for Samsung Electronics, with our supply chain network of global production bases and processing centers.”
Photo by: Babak Habibi/Unsplash
