Wednesday, September 24, 2025
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    South Korea

    Seoul to launch export guarantee scheme to support steel sector amid U.S. tariffs

    South Korea plans to introduce a USD 290 mln export guarantee program to support domestic steelmakers hit by steep U.S. tariffs, according to local...

    Hyundai Steel to develop next-generation steel-based solar modules

    Hyundai Steel has begun joint development of next-generation building-integrated photovoltaic (BIPV) modules through an industry-academia collaboration with Hanwha Solutions, Lotte Construction, Samhwa Paints, Epscore,...

    Steelmakers face slump in U.S. exports amid higher tariffs

    Korea's steel exports to the United States slumped 26pct in July, following Washington's decision to double tariffs on steel and aluminum imports to 50pct,...

    Govt unveils measures to shield steel industry from rising global challenges

    South Korea has introduced the "K-Steel Act," a bipartisan bill aimed at revitalizing its steel industry amid rising global challenges, including a 50pct U.S....

    Seah files anti-dumping complaint against special steel bar imports from China

    Seah Besteel and Seah CSS, subsidiaries of South Korea's Seah Group, have filed an anti-dumping complaint targeting imports of special steel bars from China....

    Hyundai Steel partners with AWS to drive digital and global expansion

    Hyundai Steel has signed a Strategic Framework Agreement with Amazon Web Services (AWS) at Amazon's Seattle headquarters, aiming to accelerate digital transformation and expand...

    Hyundai Steel secures major supply deal with GM Korea

    Hyundai Steel has signed a deal to supply GM Korea with approximately 100,000 tons of automotive steel annually starting in the second half of...

    Hyundai Steel temporarily shuts down Pohang plant amid weak steel demand

    Hyundai Steel, Korea's second-largest steelmaker, has temporarily shut down its No. 2 plant in Pohang, North Gyeongsang, due to prolonged weak demand across the...

    Hyundai Steel in talks to sell underperforming caterpillar track business

    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...

    Dongkuk Steel to temporarily halt Incheon plant amid prolonged rebar slump

    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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