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TCC Steel Corp. (KR:002710)
:002710
South Korea Market
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TCC Steel Corp. (002710) AI Stock Analysis

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KR:002710

TCC Steel Corp.

(002710)

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Neutral 47 (OpenAI - Gpt-5.6Sol)
Rating:47Neutral
Price Target:
₩10,934.00
Action:N/A
Date:10/28/26
The score is weighed down primarily by weak profitability (negative operating and net income despite surging revenue) and bearish technical signals (negative MACD and trading below major moving averages). These negatives are partially offset by improving cash generation (positive and improving free cash flow) and manageable leverage, but valuation support is limited given the negative P/E and low dividend yield.
Positive Factors
Strong Revenue Growth
The sharp increase in TTM revenue indicates substantial expansion in sales activity and downstream demand. If the enlarged revenue base can be retained, it gives TCC Steel greater operating scale and a stronger platform for improving utilization and profitability over the next several quarters.
Negative Factors
Negative Profitability
Very thin gross margins leave limited room to absorb operating costs or fluctuations in steel economics, while losses show that higher sales are not currently translating into earnings. This weak conversion of revenue into profit is a material constraint on durable returns and internal capital formation.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
The sharp increase in TTM revenue indicates substantial expansion in sales activity and downstream demand. If the enlarged revenue base can be retained, it gives TCC Steel greater operating scale and a stronger platform for improving utilization and profitability over the next several quarters.
Read all positive factors

TCC Steel Corp. (002710) vs. SPDR S&P 500 ETF (SPY)

TCC Steel Corp. Business Overview & Revenue Model

Company Description
Headquartered in Seoul, South Korea, TCC Steel Corp. specializes in the manufacturing and distribution of a diverse range of steel products. Its offerings, utilized in numerous applications, include tinplate, tin-free steel, nickel-plated steel, c...

TCC Steel Corp. Financial Statement Overview

Summary
Revenue growth is very strong (+432.5% TTM), but profitability has deteriorated materially with thin gross margin (~2.7%) and negative operating and net income (net margin ~-2.6%). Balance sheet leverage is manageable and improving (debt-to-equity ~0.93), and cash flow is a relative bright spot with positive operating cash flow (~35.7B) and free cash flow (~26.9B) despite historical volatility.
Income Statement
32
Negative
Balance Sheet
56
Neutral
Cash Flow
64
Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue657.79B611.51B582.07B624.42B684.41B536.65B
Gross Profit17.55B17.69B43.29B41.34B78.78B48.87B
EBITDA6.37B3.47B44.57B2.55B44.96B49.84B
Net Income-17.36B-7.44B20.16B-7.75B29.34B28.81B
Balance Sheet
Total Assets576.93B574.10B573.95B559.74B507.48B367.00B
Cash, Cash Equivalents and Short-Term Investments21.82B27.23B8.28B28.52B39.82B41.92B
Total Debt230.28B232.49B225.72B265.24B186.87B125.23B
Total Liabilities326.43B325.21B314.93B324.69B298.68B211.77B
Stockholders Equity246.70B245.00B254.96B230.89B203.81B150.91B
Cash Flow
Free Cash Flow26.93B15.61B-7.63B-107.12B-56.79B-2.49B
Operating Cash Flow35.72B24.99B17.93B5.77B-12.04B7.63B
Investing Cash Flow-7.73B-5.45B-29.89B-100.75B-64.58B27.69B
Financing Cash Flow-30.20B-927.73M-6.91B88.63B67.93B-7.76B

TCC Steel Corp. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price―
Price Trends
50DMA
11872.00
Negative
100DMA
11053.40
Positive
200DMA
13334.60
Negative
Market Momentum
MACD
-210.43
Positive
RSI
43.21
Neutral
STOCH
9.38
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:002710, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 12960.50, equal to the 50-day MA of 11872.00, and equal to the 200-day MA of 13334.60, indicating a bearish trend. The MACD of -210.43 indicates Positive momentum. The RSI at 43.21 is Neutral, neither overbought nor oversold. The STOCH value of 9.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:002710.

TCC Steel Corp. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
₩335.45B6.04―4.59%-4.28%-48.94%
61
Neutral
₩453.88B1.43―4.37%4.81%―
58
Neutral
₩315.90B-20.78―7.54%1.62%-366.78%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
51
Neutral
₩3.49T-195.99―1.88%1.43%68.12%
51
Neutral
₩20.85T15.83―3.19%0.17%177.28%
47
Neutral
₩291.23B-16.37―0.63%10.70%-210.56%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
KR:002710
TCC Steel Corp.
11,110.00
-7,740.62
-41.06%
KR:004020
Hyundai Steel Company
26,550.00
-6,422.14
-19.48%
KR:005490
POSCO Holdings Inc.
282,000.00
-29,553.10
-9.49%
KR:104700
Kisco Corp.
9,950.00
676.81
7.30%
KR:306200
SeAH Steel Corp.
119,800.00
-2,182.04
-1.79%
KR:460860
DONGKUK STEEL MILL Co., Ltd.
9,160.00
735.96
8.74%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 28, 2026