Hyundai Steel Could See Earnings Recovery in 2026, 2027 -- Market Talk
Dow Jones2026/09/08 05:060506 GMT - Hyundai Steel could stage an earnings recovery on rising steel prices in the South Korean market, says NH Investment & Securities' Y.K. Choi. Anti-dumping duties on low-cost Chinese imports have led to gradual rises in domestic steel prices, with hot-rolled and cold-rolled products up 26% and 15%, respectively, this year, the analyst writes in a note. Choi expects Hyundai's operating profit to jump 53% in 2026 and 72% in 2027. Stable iron-ore and coal prices could also help the company sustain earnings growth, he adds. NH initiates coverage of the stock with a buy rating and 400,000-won target price. Shares are last 2.9% higher at 33,350 won. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
September 08, 2026 01:06 ET (05:06 GMT)
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