Hyundai Steel Company (004020) Q3 2025 earnings summary

Executive summary

• Achieved stable operating profit in 3Q 2025 despite a decline in revenue, supported by improved product mix and lower raw material costs.

• Enhanced global sales capabilities and competitiveness through new facilities, certifications, and digital transformation initiatives.

Financial highlights

• Consolidated revenue for 3Q 2025 was KRW 5,734bn, down KRW 212bn quarter-over-quarter but up KRW 110bn year-over-year.

• Operating profit reached KRW 93bn, a decrease of KRW 9bn sequentially but up KRW 42bn year-over-year; operating margin at 1.6%.

• Net profit was KRW 18bn, down KRW 19bn from the previous quarter but up KRW 34bn year-over-year.

• Non-consolidated operating profit turned positive at KRW 47bn, up KRW 55bn quarter-over-quarter.

Outlook and guidance

• Flat product imports reduced due to provisional tariffs; prices remain stable as inventories are high.

• Long product prices held steady despite production cuts and weak demand.

• Iron ore and coking coal prices stabilized after a temporary uptick; scrap prices show a mild downward trend.