Hankook Steel한국주강

Hankook Steel is loss-making on a trailing basis after revenue fell for a second straight year, though its shares have risen over the past year.

Hankook Steel makes large steel castings for shipbuilding, power generation and steel plants, and also compresses steel scrap. Trailing twelve-month revenue to H1 2026 was about ₩38.7B with an operating loss of about ₩0.4B and free cash flow of roughly -₩5.4B. The shares closed at ₩2,520 on 23 October 2026, with a market value of about ₩28.1B.

What stands out

• Revenue has fallen from ₩54.4B in 2022 to ₩39.9B in 2025, and trailing revenue to H1 2026 is ₩38.7B.
• The company posted operating losses in 2021, 2022 and 2025 and a small profit in 2024, so profitability has been inconsistent.
• Borrowings of about ₩6.0B sit against only ₩0.3B of cash, and liabilities are 29.7% of equity.
• The stock is up 31.6% over one year but down 5.1% over one month, and trades well below its 52-week high of ₩2,790.
• Filings include a Investment Caution Notice on a risk of designation as an administrative issue, dated 17 September 2026. The data does not explain what this means for the company.

What to watch

• The full-year 2026 results and any further filings on the Investment Caution Notice.
• Whether the sale of property, plant and equipment reported in September 2026 affects operations or cash.
• Foreign ownership rose from 4.4% to 4.9% over 60 days; the data does not say why, and no news headlines were available.