Shin Steel

신스틸 · 162300

Materials Steel · KOSDAQ

Small-cap

Market cap US$52.2M (₩72B)

Overview

Shin Steel takes flat steel coils, including colour-coated steel sheet, and cuts or trims them to the exact sizes and shapes that customers need, a service known as a Steel Service Center (SSC).

It supplies processed steel sheet primarily to home-appliance manufacturers, including Korean and Japanese brands operating in Thailand and Mexico as well as domestic buyers. Listed on KOSDAQ, Korea's small-cap board, the company operates through five affiliated entities, domestic processing subsidiaries and overseas SSC operations in Thailand and Mexico, giving it production bases across multiple regions.

Summary is AI-generated and may contain errors · figures from DART filings

Financials

Source: DART · FY ending Dec · latest FY2025

Revenue · FY2025

US$255.2M

▼ −8.9% YoY

Operating profit · FY2025

US$2.2M

▼ −70.9% YoY

Net income · FY2025

US$968K

▼ −79.5% YoY

Revenue, operating profit and net income by fiscal year (USD; KRW in parentheses).
Metric	FY2023	FY2024	FY2025
Revenue	US$234.7M(₩323.8B)	US$280.1M(₩386.6B)	US$255.2M(₩352.2B)
Operating profit	US$9.5M(₩13.1B)	US$7.6M(₩10.5B)	US$2.2M(₩3B)
Net income	US$4.7M(₩6.4B)	US$4.7M(₩6.5B)	US$968K(₩1.3B)

Revenue

FY2023US$234.7M
FY2024US$280.1M
FY2025US$255.2M

Operating profit

FY2023US$9.5M
FY2024US$7.6M
FY2025US$2.2M

Net income

FY2023US$4.7M
FY2024US$4.7M
FY2025US$968K

Key ratios (FY2025)

ROE

1.6%

Debt/Eq

135.5%

Op. margin

0.9%

Net margin

0.4%

Rev. YoY

▼ −8.9%

Why it matters

Its affiliated companies include Shin Steel Thailand, Shin Steel Mexico, Shin Steel SC, Shin Steel Dangjin SC, and a real-estate subsidiary, Shin Developer.

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