Thursday, April 17, 2025
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    South Korea

    Hyundai Steel to upgrade Pohang plant with advanced quenching system

    Hyundai Steel has awarded a contract to Pomini Long Rolling Mills to supply a new Pomini Quenching System (PQS), replacing the existing Tempcore system...

    Hyundai Steel to halt Incheon rebar plant as prices hit multi-year lows

    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...

    Posco to divest Nippon Steel shares to strengthen financial position

    South Korean steel producer Posco has announced plans to sell its entire stake in Nippon Steel, valued at KRW 467 bln (USD 318 mln),...

    Hyundai Steel restarts CR plant suspension as wage negotiations resume

    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...

    Hyundai Steel opens voluntary layoffs amid industry challenges

    Hyundai Steel, South Korea's second-largest steelmaker, is accepting voluntary layoffs from technical workers as it navigates industry headwinds and uncertainties surrounding a potential second...

    Dongkuk to file AD petition against Chinese color and galvanized steel imports

    Dongkuk CM, a subsidiary of Dongkuk Steel Group, plans to file an anti-dumping complaint against Chinese-origin color-coated and galvanized steel imports used in the...

    Hyundai Steel halts CR steel plant in Dangjin due to ongoing worker strike

    South Korea's Hyundai Steel has suspended operations at its cold-rolled steel plant in Dangjin, South Chungcheong, following a monthlong strike by workers demanding pay...

    Commission recommends provisional AD tariffs on imports of Chinese heavy plates

    South Korea plans to impose provisional anti-dumping duties of up to 38pct on Chinese hot-rolled heavy plates starting next month. Following a Trade Commission meeting,...

    Seah Besteel launches special steel wire rods for energy sector

    South Korean special steel producer Seah Besteel is intensifying its global market expansion by developing specialized steel wire rod materials for the energy sector. The...

    Hyundai Steel aims for 40pct share in global auto steel market

    Hyundai Steel, South Korea's second-largest steelmaker, sold over 1 mln tons of automotive steel sheets to non-affiliated foreign automakers in 2024, marking a significant...

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