According to SeAH Steel Holdings on Thursday, SeAH Steel’s separate financial statements showed 2025 revenue of 1.3721 trillion won, down 23.2% from a year earlier. Operating profit fell 74.3% to 51.9 billion won, and net profit dropped 68.0% to 41.6 billion won.
The company cited high U.S. tariffs as a key driver. With construction slowing and steel demand weakening, the spread of U.S. protectionism increased tariff burdens, sharply hurting both sales volume and profitability.
SeAH Steel is heavily exposed to the U.S. market. Exports to the United States account for about 30% to 38% of total revenue, among the highest shares for South Korean steelmakers. The company relies on demand for energy-industry steel pipes such as oil country tubular goods, or OCTG, and pipeline products, selling through its local distribution unit, SSA (SeAH Steel America). That structure increases earnings volatility as U.S. energy investment and trade conditions shift.
At the holding-company level, consolidated results were relatively steady. SeAH Steel Holdings posted 2025 consolidated revenue of 3.7596 trillion won, up 2.3% year over year, while operating profit slipped 2.7% to 205.8 billion won. The company said sales from its U.S. unit and overseas projects partly offset weakness in domestic operations.
The company said it plans to strengthen a selective order strategy focused on profitability this year and increase the share of high value-added products. A SeAH Steel Holdings official said, “Despite uncertainty in global markets, demand for steel pipes in North America is expected to remain solid,” adding that the company will use its domestic and global manufacturing bases to meet that demand and deliver stable performance.
* This article has been translated by AI.
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