South Korean steelmaker POSCO reported operating profit of KRW 945 billion ($696.7 million) for the third quarter of 2026, up 15.4% from the previous quarter and 47.8% year on year. Consolidated revenue rose 10.8% year on year to KRW 19.14 trillion ($14.11 billion).
The company said higher selling prices, increased steel production and sales, and lower logistics and other operating expenses supported the result, offsetting rising raw material costs.
POSCO’s net profit was KRW 380 billion ($280.2 million), down 1.8% from the third quarter of last year. Operating profit at its steel division reached KRW 566 billion ($417.3 million), a decline of 13.7%. The division’s revenue increased 7.7% to KRW 15.86 trillion ($11.69 billion), while net profit fell 59.5% to KRW 190 billion ($140.1 million).
POSCO produced 9.11 million metric tons of crude steel during the quarter, up 3.7% year on year. Sales totaled 8.55 million metric tons, an increase of 3.8%.
There are no comments yet.