0738 GMT - Hyundai Steel is likely to post a 1Q earnings miss on higher raw-material costs and narrower spreads, say Samsung Securities' Baek Jae-seung and Choi Seung-hwan. The analysts expect the South Korean steelmaker's operating profit to have fallen 19.2% from a year earlier to 35 billion won for the January-March period, well below the 103.72 billion won consensus estimate in a FactSet-compiled poll. The analysts expect Hyundai Steel to begin benefiting from higher steel prices in 2Q. Most steelmakers in the U.S., China and Japan have started raising prices in April, the analysts say, adding that South Korean companies are likely to follow. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
April 14, 2026 03:38 ET (07:38 GMT)
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