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Earnings Score 38 Neutral

Hyundai Steel Returns to Operating Profit in Q1 Despite Net Loss

Apr 24, 2026 05:54 UTC
004020.KS
Short term

Hyundai Steel reported a return to operating profitability for the first quarter of 2026, though the company remains in a net loss position. Sales grew by 3.2% as volume increases were offset by rising raw material costs and currency volatility.

  • Q1 sales reached 5.74 trillion KRW, up 3.2% YoY
  • Operating income shifted to 15.7 billion KRW from a 19.0 billion KRW loss
  • Net loss narrowed to 41.0 billion KRW
  • FX surge and raw material costs cited as primary profit drags
  • Stock price declined 0.97% following the report

Hyundai Steel (004020.KS) has posted a return to operating profitability for the first quarter of 2026, signaling a recovery in core operations despite ongoing macroeconomic headwinds. The company's financial results reflect a challenging environment where increased sales volume is being countered by external pressures. Specifically, a surge in foreign exchange rates and elevated raw material costs have offset the gains made through volume growth. In terms of key figures, first quarter sales reached 5.74 trillion Korean won, representing a 3.2% increase over the previous year. Operating income climbed to 15.7 billion won, a significant swing from the 19.0 billion won loss recorded in the same period last year. Despite the operating turnaround, the company still reported a net loss attributable to shareholders of 41.0 billion won. While this remains a loss, it is an improvement over the 55.1 billion won loss reported in the prior year's first quarter. Market reaction was slightly muted, with shares of Hyundai Steel trading at 40,850 Korean won, down 0.97%. The results underscore the continued vulnerability of the steel sector to input cost inflation and currency fluctuations.

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