POSCO is a battery materials producer & also a top 5 steel...

POSCO is a battery materials producer & also a top 5 steel producer. It has a benefit to use the waste biproduct in spherical graphite production process (for battery anode material) into production of graphite/carbon rods in their electric arc steel furnaces. It is a winning synergy situation for POSCO, as BKT has very low impurities in their natural graphite product & essential in maintaining quality control of steel production methods. Battery anodes also work best with low impurities.

Remember; Many cheap Chinese steel products exported to Australia had problems many years ago (but China got on top of it now), including being brittle, due to impurities. Hence, the numbers may look much better for POSCO over a longer-term outlook than it currently appears for some BKT investors.

But yes, interesting to see how construction finance is finalized for BKT.