Hyundai Steel stock trades at 28,700 won; Q3 profit nearly quintuples
Published on 11/11/2026 at 00:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSQ3 earnings and expansion
- Hyundai Steel reported a sharp year-on-year increase in third-quarter net profit, while operating profit declined.
- The company expects higher product prices and steadier raw-material costs to support fourth-quarter profitability.
- A Louisiana electric-arc-furnace mill is planned to supply automotive steel to Hyundai Motor and Kia facilities in the United States.
Hyundai Steel stock traded at 28,700 KRW at 3:30 p.m. KST at the Seoul close on Tuesday, November 10, 2026. The company had reported a sharp increase in third-quarter net profit on October 30, with higher selling prices and a larger share of value-added products supporting results, according to Yonhap News Agency.
Profit mix improves in third quarter
Net profit for the three months ended in September rose to 84 billion KRW from 17.8 billion KRW a year earlier. Operating profit fell 6.5 percent to 87.1 billion KRW, while sales increased 2.8 percent to 5.89 trillion KRW.
Hyundai Steel attributed the result to higher prices for major products and stronger sales of value-added products such as automotive steel. For the fourth quarter, the company expects higher product prices and stabilizing raw-material costs to improve profitability.
New demand targets guide strategy
The steelmaker recently launched H One, a brand covering premium hot-rolled and welded H-beam products for projects such as artificial-intelligence data centers and semiconductor facilities. The move broadens Hyundai Steel's focus on construction products with higher specifications as infrastructure investment develops.
Hyundai Steel is also building an electric-arc-furnace steel mill in Louisiana with annual capacity of 2.7 million tonnes. The facility is scheduled for completion in 2029 and is intended to supply automotive steel to U.S. plants operated by Hyundai Motor and Kia.
Hyundai Steel in the steel market
Hyundai Steel manufactures flat steel, plates, pipes, reinforcing bars, sections and specialized steel products for automotive, shipbuilding, construction and heavy-industry customers. Its operations span South Korea, Asia, the United States and Europe, and its headquarters are in Seoul, South Korea, according to the company's company website. Yonhap identifies Hyundai Steel as South Korea's second-largest steelmaker, placing it behind POSCO in its home market and alongside global producers such as Nippon Steel.
Hyundai Steel stock facts
- Company: Hyundai Steel Company
- ISIN: KR7004020004
- Ticker: 004020.KS
- Exchange: Seoul
- Price: 28,700 KRW at the Seoul close on Tuesday, November 10, 2026, 3:30 p.m. KST
- Sector: Basic Materials
- Industry: Steel
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