[Ferro-Alloys.com]Hyundai Steel released its production and sales report for the first quarter of 2022. According to the report, in the first quarter of 2022, the output of steel was 4.718 million tons (including 2.768 million tons of converter steel, 1.769 million tons of electric furnace steel and 181000 tons of steel for auto parts), an increase of 4.8% year-on-year; The sales volume of steel was 4.962 million tons (2.989 million tons of converter steel, 1.751 million tons of electric furnace steel and 222000 tons of steel for auto parts), an increase of 0.7% year-on-year.

 

In the first quarter of 2022, the operating revenue of Hyundai Steel was 6.09 trillion South-Korean Won (about US $4.86 billion), an increase of 41.7% year-on-year; The operating profit was 697 billion South-Korean Won (about US $556 million), a year-on-year increase of 129%; Net profit increased by 122% year-on-year to 488 billion won (about US $389 million).