Korean Steelmakers Wrap Up Q2 Results… All Three Post Strong Gains

POSCO Holdings, Hyundai Steel, and Dongkuk Steel all reported improved second-quarter results.

Combined revenue and operating profit for the three companies rose year over year, while POSCO and Dongkuk Steel saw gains in both sales and earnings.

Hyundai Steel's profit fell from a year earlier, but improved sharply from the previous quarter.

Higher sales of rebar and carbon steel, better pricing, and a recovery in end-market demand drove the turnaround.

Rising AI data center and infrastructure investment is seen as a sign of a firmer steel market in the second half.