Hyundai Steel, KR7004020004

KB Securities keeps KRW 40,000 target for Hyundai Steel stock

Published on 10/20/2026 at 04:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter operating profit was projected at KRW 66.2 billion, 43.00 percent below consensus. Hyundai Steel stock has results scheduled for October 29, 2026.

Earnings reset and dates

KB Securities retained its KRW 40,000 target and Buy rating on October 7, 2026.
Third-quarter operating profit was projected at KRW 66.2 billion, 43.00 percent below consensus.
Hyundai Steel's next reported earnings date is October 29, 2026.

Hyundai Steel, KR7004020004, Illustration mit AI erstellt.

Hyundai Steel (ISIN KR7004020004) faces a third-quarter operating-profit forecast of KRW 66.2 billion, while KB Securities kept its KRW 40,000 target and Buy rating on October 7, 2026, according to Aju Press. The forecast is 43.00 percent below the KRW 116.0 billion consensus operating-profit estimate.

What drives the earnings reset?

The immediate pressure is volume. KB Securities projected third-quarter sales volume at 4.0 million tons and standalone operating profit at KRW 21.6 billion. The brokerage also pointed to higher automotive steel prices, lower raw-material costs and demand from artificial-intelligence data centers as fourth-quarter support factors.

The U.S. expansion gives the recovery thesis a long horizon. The planned facility is designed for annual production of 2.7 million tons, with 1.4 million tons already assigned to customers, including Hyundai Motor, Kia and POSCO, according to Aju Press.

Three dates mark the reset

On August 3, 2026, Hyundai Steel announced its second-quarter results, with revenue of KRW 6.11 trillion and year-over-year revenue growth of 2.70 percent, figures carried in Yahoo Finance. On October 6, 2026, Hanwha Investment and Securities retained a KRW 43,000 target and Buy rating, while projecting third-quarter operating profit of KRW 64.9 billion, according to Edaily. On October 7, 2026, KB Securities retained its KRW 40,000 target and estimated operating profit at KRW 66.2 billion.

When is the next report?

Yahoo Finance lists October 29, 2026, as Hyundai Steel's earnings date. That report will test whether the volume decline described by the brokerages is offset by steel-price increases and lower input costs.

KRX price and valuation context

Hyundai Steel was trading at KRW 28,100 on the KRX on October 20, 2026, at 11:00 a.m. KST. Its market capitalization was KRW 3.7 trillion, and the 52-week range was KRW 23,650.00 to KRW 50,400.00 as of October 19, 2026.