Overview
- The company reported a net profit of 17.8 billion won for the quarter, reversing a year-earlier loss of 16.2 billion won.
- Operating profit climbed to 93.2 billion won, with revenue up 2 percent to 5.73 trillion won.
- Management credited lower raw-material costs and higher sales of value-added automotive steel for the improved results.
- January–September net income dropped 95.4 percent to 800 million won due to a prolonged slump in the construction sector.
- Hyundai Steel signaled potential Q4 gains, citing fewer low-priced Chinese steel imports and government stimulus as possible supports.