Hyundai Steel Company (004020) Q2 2026 earnings summary

Executive summary

• Revenue and operating profit increased quarter-over-quarter, driven by higher sales volumes and improved product pricing.

• Net profit turned positive compared to the previous quarter, reflecting operational improvements.

Financial highlights

• Consolidated revenue rose to KRW 6,107bn in 2Q 2026, up KRW 368bn QoQ and KRW 162bn YoY.

• Operating profit increased to KRW 58bn from KRW 16bn in 1Q 2026, with OPM improving to 0.9%.

• Net profit reached KRW 12bn, reversing a KRW 39bn loss in the prior quarter.

• Non-consolidated revenue grew to KRW 4,838bn, with operating profit at KRW 11bn, up KRW 84bn QoQ.

Outlook and guidance

• Product prices are trending upward due to improved supply-demand dynamics and cost pass-through.

• Flat product prices rose as supply tightened, while long product prices increased on continued exports and higher raw material costs.