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02 May

Hyundai Steel returns to profit in Q1

South Korean steelmaker Hyundai Steel saw its revenue fall in the first quarter of this year but operating profit and net profit rose quarter-on-quarter. According to the latest data released by the steel company, Hyundai Steel's revenue in the first quarter decreased by 2.55% from the fourth quarter of 2023 to KRW 5.948 trillion ($4.32 billion). The operating profit of KRW 56 billion and net profit of KRW 32 billion recovered from losses of KRW 229 billion an…
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