Dong IL Steel MFG동일제강

Dong IL Steel is loss-making at the operating level on trailing figures, with its shares down about 23% over the past year and trading near the lower end of their 52-week range.

Dong IL Steel makes steel wire and bar products, such as PC strand for concrete reinforcement, piano wire and automotive parts, mainly for domestic construction and manufacturing customers. On trailing figures to H1 2026 it had revenue of ₩148.6B... wait, correction: revenue of ₩148.6B is not in the data in that form; the pack shows trailing revenue of ₩148.6B with an operating loss of ₩2.8B and a small net profit of ₩0.5B. The shares closed at ₩1,239 on 23 October 2026, with a market value of about ₩25.2B.

What stands out

• Trailing operating margin is -1.9% and 2025 operating margin was -2.4%, so the core business has been loss-making in recent years while net income has been small or swung between years.
• Net income was positive in 2025 (₩1.4B) and on a trailing basis (₩0.5B), but 2024 and 2023 were losses, so reported profit is inconsistent.
• Revenue has fallen for several years, from ₩196.8B in 2022 to ₩147.3B in 2025, with 2025 down 2.5%.
• Cash of ₩15.6B exceeds borrowings of ₩3.1B on the trailing figures, and the balance sheet shows liabilities at 12.1% of equity.
• The company's recent filings include a half-year report, a tender offer and a largest-shareholder holding change, and the data shows foreign ownership falling from 1.5% to 0.9% over 60 days; no news headlines were provided.

What to watch

• The next quarterly or half-year results and whether operating income moves back to profit.
• Details of the tender offer and any change in control or largest-shareholder holdings, which the pack does not explain.
• The filings on criminal penalties related to serious industrial accidents, whose impact on the business is not described in the data.