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Hyundai Steel (004020) investor relations material
Hyundai Steel Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue and operating profit increased quarter-over-quarter in 2Q 2026, driven by higher sales volumes and improved product pricing, while the company operates as a major steel manufacturer with global subsidiaries and a focus on innovation and environmental initiatives.
Net profit turned positive in 2Q 2026 compared to the previous quarter, reflecting operational improvements, but H1 2026 overall recorded a net loss attributable to owners.
Recent strategic moves include divestiture of non-core subsidiaries and a major investment in a new U.S. electric arc steel mill targeting automotive steel and carbon reduction.
Financial highlights
Consolidated revenue rose to KRW 6,107bn in 2Q 2026, up KRW 368bn QoQ and KRW 162bn YoY, but H1 2026 revenue was KRW 11,846,990 million, down from previous years.
Operating profit increased to KRW 58bn in 2Q 2026, with OPM improving to 0.9%, but H1 2026 operating income was KRW 73,409 million, a sharp decline from FY2025.
Net profit reached KRW 12bn in 2Q 2026, reversing a KRW 39bn loss in the prior quarter, but H1 2026 saw a net loss of KRW -32,557 million.
Non-consolidated revenue grew to KRW 4,838bn in 2Q 2026, with operating profit at KRW 11bn, up KRW 84bn QoQ.
Total assets at June 2026 were KRW 35,765,681 million, with equity of KRW 20,367,286 million and liabilities of KRW 15,398,395 million.
Outlook and guidance
The company is advancing a $5.8 billion investment in a U.S. electric arc steel mill, aiming for commercial production in early 2029 and a focus on automotive steel and carbon reduction.
Product prices are trending upward due to improved supply-demand dynamics and cost pass-through.
Ongoing R&D and capital investments target product competitiveness, carbon neutrality, and digital transformation.
Flat product prices rose as supply tightened, while long product prices increased on continued exports and higher raw material costs.
- Q1 2026 revenue up 3.2% but profit declined and net loss narrowed to KRW 41.0bn.004020
Q1 2026 - Operating profit rose on cost savings and high-value sales, with major US expansion underway.004020
Q4 2025 - Stable profit in 3Q 2025 amid weak demand, strong liquidity, and ongoing strategic investments.004020
Q3 2025 - Operating profit rose sequentially, but revenue and profit fell sharply amid weak demand.004020
Q2 2024 - Profits fell on weak demand and higher costs, but green tech and innovation investments continue.004020
Q3 2024 - Profits fell on weak demand and imports; focus shifts to global auto steel and carbon reduction.004020
Q4 2024 - Revenue and profit fell, but operating cash flow and US low-carbon steel investment increased.004020
Q1 2025 - 2Q 2025 saw operating profit rebound, but H1 2025 faced lower sales and a net loss.004020
Q2 2025
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