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South Korea's Posco (POSCO) produced 8.37 million tons of crude steel in the second quarter of 2025, a 4.6% increase from 8 million tons in the same period last year. KR R/F36 steel Driven by sales growth and cost reductions, the company achieved improved profitability. According to data released by POSCO Holdings on July 31, steel sales also increased from 7.86 million tons in the same period last year to 8.17 million tons, indicating an increase in both domestic and foreign sales.
POSCO Holdings noted that its steel business profit growth was driven by rising prices and lower costs for raw materials such as iron ore and coking coal. Net profit for the second quarter reached 356 billion won (approximately US$256 million), a 39% year-on-year increase. KR R/F36 steel Production line utilization also increased to 84.4% from 79.1% in the same period last year, reflecting the synergy between improved equipment utilization and cost-cutting and efficiency-enhancing measures.
Despite sluggish global steel demand and intensified trade protectionism, POSCO's overseas steel business has maintained moderate growth. The company stated that it will continue to promote the development of high-value-added products and diversify its product portfolio, while accelerating the commercialization of hydrogen reduction ironmaking technology.
In the field of hydrogen metallurgy, the South Korean government has announced an investment of 814.6 billion won (KRW) between 2026 and 2030 to support the technological development of a 3 million ton/year hydrogen reduction ironmaking and molten iron pilot project. KR R/F36 steel POSCO will build the pilot plant using its independently developed HyREX technology, with operations expected to begin in 2028. The HyREX process, which uses hydrogen to directly reduce powdered iron ore to sponge iron, is considered central to POSCO's low-carbon transition strategy.
