From the previous quarter, revenue rose 12.3% and operating profit jumped 247.1% as sales volumes recovered after the year-end slow season and selling prices increased on higher raw material costs.
Its subsidiaries also showed broadly improving results. SeAH Aerospace & Defense Materials reported quarter-on-quarter gains of 14.0% in revenue and 58.0% in operating profit, citing expanding global aircraft demand and growth in the defense market.
SeAH Besteel said revenue rose 6.0% and operating profit increased 106.2% from a year earlier, even as low-priced imports from China increased. It said sales volumes grew on demand recovery in sectors including eco-friendly vehicles, infrastructure and defense. From the previous quarter, revenue increased 13.8% and operating profit surged 3212.1% on a sales rebound and higher selling prices.
SeAH Changwon Specialty Steel said revenue increased 3.9% and operating profit rose 13.3% from a year earlier as demand grew with expanded investment in semiconductor equipment, boosting sales of stainless steel wire rod and bar steel. From the previous quarter, revenue rose 11.2% and operating profit increased 186.3%, helped by recovering volumes and a larger share of high value-added products.
Looking ahead, SeAH Besteel Holdings said it plans to expand sales of high value-added products and focus on developing new markets, centered on high-growth industries such as eco-friendly vehicles, semiconductors and nuclear power. It also said it will respond actively to anti-dumping issues involving Chinese special steel and bar steel products to curb low-priced imports and support a recovery in the domestic market.
The company said it will also strengthen strategic synergies between its domestic subsidiaries and its U.S. special alloy production unit, SeAH Superalloy Technologies, to improve global supply-chain competitiveness in materials for aviation, space and defense.
SeAH Besteel Holdings said, "We plan to accelerate completion of our global supply-chain portfolio centered on our U.S. base, which is scheduled to begin commercial production in the second half of 2026."
* This article has been translated by AI.
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