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Hyundai Steel reports higher operating profit for 2025 amid lower costs

Hyundai Steel reports higher operating profit for 2025 amid lower costs
South Korean metallurgical company Hyundai Steel has announced consolidated financial results for 2025.

Accordingly, Hyundai Steel posted a net profit of 1 billion Korean won ($680,928) for the full year, compared with a net profit of 9 billion Korean won in 2024, while sales revenue decreased 2.1 percent year-on-year to 22.73 trillion Korean won ($15.48 billion) The company's operating profit was 219 billion won ($149.15 million) this year, compared with an operating profit of 159 billion won in 2024. The increase in operating profit was driven by lower raw material prices, lower production costs, increased sales of high-value-added products, and improved flat steel margins.

In 2025, the company's total sales amounted to 17.03 million tons, a decrease of 0.2 percent year-on-year. Sales of Hyundai Steel flat rolled products totaled 11.72 million tons, an increase of 0.4 percent year-on-year.

Looking to the future, Hyundai Steel plans to increase the competitiveness of long steel, expand certification of low carbon steel, and increase sales of automotive steel, supported by its investments in EAF in the United States.

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