POSCO Reports Q1 2025 Steel Business Net Profit of 222 Billion KRW Amid Market Challenges
POSCO Steel Business Sees Profit Growth Despite Revenue Decline in Q1 2025
Seoul, South Korea – POSCO Holdings, one of the world’s leading steel producers, announced its Q1 2025 financial results, revealing a 222 billion KRW (~$162 million) net profit for its steel business despite declining revenues.
Key Financial Highlights (Steel Business Only)
| Metric | Q1 2025 | YoY Change | QoQ Change |
| Revenue | 14.963 trillion KRW | ▼ 3.1% | ▼ 4.3% |
| Operating Profit | 450 billion KRW | ▲ 32.7% | ▲ 34.7% |
| Net Profit | 222 billion KRW | ▲ 5.7% | ▲ 228 billion KRW |
Deep Dive: Domestic vs. Overseas Performance
1. Domestic Operations (POSCO Korea)
Crude steel output: 8.651 million tons (▼ 5.5% QoQ)
Stainless & carbon steel sales: 8.148 million tons (▼ 3.7% QoQ)
Premium+ product share: 26.6% (▼ 5.2 ppts YoY)
Key Insight:
Higher carbon steel prices (+1.2% QoQ) offset lower stainless steel sales, improving profitability.
2. Overseas Steel Business
Revenue: 5.085 trillion KRW (▲ 2.9% YoY)
Operating profit: 68 billion KRW (▲ 16x YoY)
Net loss narrows to -47 billion KRW
Growth Drivers:
Stronger performance in India (automotive steel demand)
Reduced losses in China (PZSS stainless subsidiary)
Market Implications & Industry Trends
Stainless Steel Outlook for 2025
Global demand remains sluggish, but POSCO’s cost controls help margins
Nickel price stabilization benefits 316L stainless production
Competition from Chinese mills pressures 304 stainless pricing
Strategic Moves: How POSCO is Adapting
✔ Expanding high-margin products (automotive & energy steels)
✔ Accelerating overseas investments (India, Vietnam, North America)
✔ Green steel transition: New EAF projects to reduce carbon emissions
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