Posco Holdings Q3 profit jumped 48% as steel rebounds. That is operating leverage doing the work: higher steel prices land almost directly in earnings. Watch whether the rebound holds, because the tap

What happened: Posco Holdings reported a 48 percent on-year jump in third-quarter operating profit, extending its earnings recovery for a third consecutive quarter as steel margins improved and energy operations stayed stable. Key numbers: Revenue 19.14 trillion won ($14.2 billion), operating profit 945 billion won, net income 380 billion Why it matters: The results reflect progress in the "Triple Core" strategy of steel, battery materials and LNG. Battery materials stayed under pressure with an operating loss amid lower lithium prices and a seasonal production decline at Posco Argentina.

Posco Holdings reported a 48 percent on-year jump in third-quarter operating profit, extending its earnings recovery for a third consecutive quarter as steel margins improved and energy operations stayed stable.

The results reflect progress in the "Triple Core" strategy of steel, battery materials and LNG. Battery materials stayed under pressure with an operating loss amid lower lithium prices and a seasonal production decline at Posco Argentina.