Hyundai Steel, KR7004020004

Hyundai Steel stock: Mirae Asset cuts target for Hyundai Steel stock from KRW 47,000 to KRW 40,000

Published on 10/23/2026 at 00:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue was forecast at KRW 5.64 trillion on October 12, 2026. Analysts forecast KRW 64.9 billion operating profit for Hyundai Steel stock.

Analyst target and reporting date

Mirae Asset issued its KRW 40,000 target on October 12, 2026.
Third-quarter operating profit was forecast at KRW 64.9 billion against KRW 116.0 billion consensus.
Hyundai Steel's market capitalization stood at KRW 3.6 trillion on October 22, 2026.

Hyundai Steel, KR7004020004, Illustration mit AI erstellt.

Hyundai Steel (ISIN KR7004020004) faced a target cut from KRW 47,000 to KRW 40,000 on October 12, 2026, as Mirae Asset Securities retained its Buy rating. The report put the expected third-quarter operating profit at KRW 65.2 billion, below its KRW 81.3 billion consensus reference.

Target cut meets earnings pressure

The revised target was 14.89 percent below the previous KRW 47,000 level. Mirae Asset forecast third-quarter consolidated revenue of KRW 5.64 trillion, down 1.70 percent from the year-earlier quarter and 7.70 percent from the second quarter.

The operating-profit estimate of KRW 65.2 billion was 19.80 percent below the report's KRW 81.3 billion consensus figure. The research house cited seasonal volume pressure, strikes at a key customer and an unfavorable sales mix.

Three dated signals shape the view

On October 6, 2026, Edaily reported that Hanwha Investment and Securities maintained a KRW 43,000 target and forecast KRW 64.9 billion in third-quarter operating profit. On October 7, 2026, Aju Press said KB Securities maintained a KRW 40,000 target and projected KRW 66.2 billion in operating profit. On October 12, 2026, Mirae Asset cut its target to KRW 40,000 from KRW 47,000.

What date comes next?

The next reported event is Hyundai Steel's third-quarter results, scheduled for October 29, 2026, according to Yahoo Finance. That release will test whether the projected KRW 64.9 billion to KRW 66.2 billion operating-profit range holds.

Recovery depends on volume

Hanwha's October 6 report projected fourth-quarter operating profit of KRW 130.1 billion and linked the improvement to recovering sales volume, higher automotive and shipbuilding steel prices, and lower input costs. The counter-factor is demand for long products: the same report said July domestic rebar sales fell 18.00 percent from the second-quarter monthly average.

KRW price remains the market marker

Hyundai Steel was last at KRW 27,250 on the KRX on October 22, 2026 at 3:30 p.m. KST. The finance snapshot identified the company as Hyundai Steel Company, ticker 004020.KS, and placed its market capitalization at KRW 3.6 trillion on October 22, 2026. Its 52-week range was KRW 23,650.00 to KRW 50,400.00 on the same date.