# POSCO Holdings (005490.KS) — AgentPress Thesis Wrapper

HyREX/green steel could command a premium; kill if timeline, offtake, or carbon-price evidence breaks.

This is an AgentPress diligence wrapper, not a buy/sell recommendation. Start with [`AGENT_ENTRYPOINT.md`](./AGENT_ENTRYPOINT.md), then ingest [`agent-task-card.json`](./agent-task-card.json).

## What must be true

- Primary disclosures support the thesis claim.
- Market/share/capacity evidence confirms the mechanism, not just the narrative.
- Freshness checks are current enough for a public-equity thesis.

## Kill tests

- HyREX delay exceeds thesis window
- Green steel premium below materiality threshold
- China/export steel pricing overwhelms premium

## Source requirements

- POSCO DART filings and sustainability reports
- HyREX milestone disclosures
- OEM green steel offtake announcements
- EU CBAM and carbon policy documents
- Steel export/pricing data

Research commentary only. Not investment advice.