Thursday, June 12, 2025
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    South Korea

    Hyundai Steel in talks to sell underperforming caterpillar track business

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    Hyundai Steel, South Korea's second-largest steelmaker, is considering selling its caterpillar track division at the Pohang 1 plant, 273 kilometers southeast of Seoul, local...
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    Dongkuk Steel to temporarily halt Incheon plant amid prolonged rebar slump

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    South Korea's Dongkuk Steel Mill has announced a temporary suspension of operations at its Incheon plant, citing ongoing weak demand and efforts to stabilize...
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    Govt offers tariff relief following Chinese exporters’ price commitments

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    The South Korean government has decided not to extend anti-dumping duties on stainless flat-rolled steel imports from China, Indonesia, and Taiwan, opting instead for...
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    Ministry imposes provisional AD tariffs on HR plate imports from China

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    The South Korean Ministry of Economy and Finance has imposed provisional anti-dumping duties on hot-rolled plate imports from China. The duties, ranging from 27.91pct to...
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    Hyundai Steel secures U.S. nuclear quality certification

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    Hyundai Steel has become the first Korean steelmaker to receive U.S. quality certification for steel products used in nuclear reactors, marking a significant step...
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    Hyundai and Posco strengthen ties with focus on U.S. steel expansion

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    Hyundai Motor Group and Posco Group have deepened their collaboration with a strategic focus on steel, aiming to enhance global competitiveness and secure supply...
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    Hyundai Steel to upgrade Pohang plant with advanced quenching system

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    Hyundai Steel has awarded a contract to Pomini Long Rolling Mills to supply a new Pomini Quenching System (PQS), replacing the existing Tempcore system...
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    Hyundai Steel to halt Incheon rebar plant as prices hit multi-year lows

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    South Korea's Hyundai Steel will suspend operations at its Incheon rebar plant for one month starting in April amid falling prices and weak construction...
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    Posco to divest Nippon Steel shares to strengthen financial position

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    South Korean steel producer Posco has announced plans to sell its entire stake in Nippon Steel, valued at KRW 467 bln (USD 318 mln),...
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    Hyundai Steel restarts CR plant suspension as wage negotiations resume

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    Hyundai Steel, South Korea's second-largest steelmaker by sales, announced it will resume operations at its cold-rolled steel plant this week and restart wage negotiations...
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