Hyundai Steel, KR7004020001

Hyundai Steel stock gains after target price upgrades

Published on 09/22/2026 at 10:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hyundai Steel stock drew a target increase to KRW 46,700 on September 21, 2026. Third-quarter operating profit is forecast at KRW 100.1 billion.

Hyundai Steel, KR7004020001, Illustration mit AI erstellt.

Hyundai Steel stock is backed by a target-price increase to KRW 46,700 from KRW 36,500, while the company remains tied to an expected United States expansion. The upgrade was reported on September 21, 2026, and gives the shares a concrete valuation catalyst as the market assesses the planned overseas capacity.

Targets move higher

According to Asiae on September 21, 2026, Hyundai Motor Securities raised its target price from KRW 36,500 to KRW 46,700 and maintained a buy rating. The KRW 10,200 increase equals 28.0 percent, making the United States entry the central valuation argument in the latest broker view.

A separate report by Yonhap Infomax on September 22, 2026, said Samsung Securities lifted its target from KRW 37,000 to KRW 44,000, while Hyundai Motor Securities made the KRW 36,500 to KRW 46,700 change. The two upgrades place the published targets between KRW 44,000 and KRW 46,700.

Profit forecast rises

The same September 21 report cited a third-quarter operating-profit forecast of KRW 100.1 billion, up 73.0 percent from the previous quarter and 7.0 percent from a year earlier. The comparison points to stronger sequential profitability, although the year-on-year increase is much smaller than the quarter-on-quarter gain.

Asiae also reported that higher product prices in key demand sectors are expected to support earnings. The report identified a stronger Korean won, coking-coal costs, and continued weak profitability in bar and section steel as counter-factors that could keep results below earlier market expectations.

Stock trades on the KRX

Hyundai Steel is listed on the Korea Exchange under ticker 004020, and the company is identified by ISIN KR7004020001. The latest substantiated market context in the available coverage is the broader KOSPI, which stood at 7,140.04 at 10:00 a.m. on September 22, 2026, up 1.89 percent from the prior session.

For investors, the key comparison is therefore between the higher broker targets and the uneven earnings mix: a 28.0 percent increase in the Hyundai Motor Securities target contrasts with a forecast 7.0 percent year-on-year rise in third-quarter operating profit. The United States expansion offers the upside case, while costs and weaker steel-product profitability remain material constraints.