Hyundai Steel Narrows Losses: EBITDA per Ton Improves on Long Steel Strength, Auto Demand Lags
- Met Coal Junkie
- May 2
- 1 min read
In Q1 2025, Hyundai Steel narrowed its operating loss to -10 USD/ton, a notable improvement from -27 USD/ton in Q4 2024. The recovery was driven primarily by stronger long steel margins, as production cuts and limited imports supported domestic prices. However, flat and automotive steel segments weakened, with EBITDA/ton falling sharply due to softer demand and higher input costs.
Looking ahead, Hyundai’s strategy to boost high-margin auto-grade steel production—including a $5.8B investment in a U.S. EAF mill—positions it for stronger profitability. Stabilizing steel prices and supply discipline should help support further recovery in margins by mid-2025.
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