Steel Network
14,180.48 TRY BIST 100 BIST 100
43.65 USD USD USD
6.36 CNY CNY CNY
51.84 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
35.78 TRY Interest Interest
67.42 USD Fossil Oil Fossil Oil
5.95 USD Copper Copper
117.20 USD Silver Silver
99.46 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,971.89 TRY Gold (gr) Gold (gr)
99.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Posco's first quarter net profit decreased

South Korean steel giant Posco Holdings suffered a decline in first-quarter net profit due to sluggish demand and high raw material prices. Still, the company's result beat the market's expectations and marked a reversal of the previous quarter's net loss.

Posco's first quarter net profit decreased

Net profit for the quarter ended March was 619 billion Korean won (about 450 million USD), down 26% from the same period a year ago, Posco said on Thursday. This figure was higher than the market expected and represented a significant improvement from the 321 billion won (USD 232 million) net loss in the fourth quarter.

First-quarter revenue fell 6.9% annually, while operating profit fell 17%.

Posco said high raw material prices due to the slowdown in the industry are weighing on its earnings. However, the rise in prices of steel products helped cushion the decline in operating profit.

POSCO Holdings announced today that it will focus its resources and capabilities on the group's core steel and secondary battery material businesses in the future. This strategic move will enable the company to keep up with changing market dynamics and global trends.

In the steel business, POSCO decided to transform its Smart Factory into a smart factory by integrating it with artificial intelligence (AI) to accelerate the transition to a low-carbon production system. This transformation is expected to significantly increase cost competitiveness and production efficiency.

In the secondary battery materials business, the company will focus on securing critical resources such as lithium to increase its resilience to fluctuations in raw material prices. Additionally, new market opportunities and business models will be explored, taking into account growth potential and profitability.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Roofings Rolling Mills launched new cold mill complex in Uganda

Friday, February 13, 2026

Africa struggle to convert its USD 29 trillion mineral wealth into industrial powertrain

Friday, February 13, 2026

Middle East and Africa steel production rose 7.2% in 2025, with the Gulf region acting as the engine of growth

Friday, February 13, 2026

Kıraç Galvaniz received its first order for lighting pole production

Friday, February 13, 2026

Turkish shipbuilding industry expands into the Gulf

Thursday, February 12, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now