South Korean steelmaker POSCO announced its consolidated financial results for the first quarter of 2025. The company achieved operating profit of 568 billion Korean won ( equivalent to 403.61 million US dollars ) . This is an increase compared to 95 billion won in the fourth quarter of 2024 but a decrease from 583 billion won in the first quarter of 2024 .
Financial details :
- Sales revenue : 17.43 trillion won (12.38 billion ), down 2 percent from the previous quarter and 3.4 percent from last year .
- Net profit : 344 billion won ($244.44 million ), down from 608 billion won in the first quarter of 2024 and an improvement from a net loss of 703 billion won in the fourth quarter of last year .
Production and sales performance :
- Crude steel production : 8.65 million tons, down 5.4 percent from the previous quarter and 0.1 percent from last year .
- Final steel sales : 8.15 million tons, down 0.9 percent year -on – year .
Future plans :
- Electric arc furnace (EAF) construction : To produce steel products with lower carbon emissions .
- Focus on international growth and increasing operational efficiency through modernization or replacement of old equipment .
