Thursday, January 30, 2025
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    South Korea

    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...

    Hyundai and Dongkuk steel cut rebar production amid construction slump

    Hyundai Steel, South Korea's top rebar producer, has suspended production at its Incheon and Pohang plants until the end of January due to a...

    Hyundai Steel set to build new plant in US amid rising protectionism

    Hyundai Motor Group is considering building its first overseas steel mill in New Orleans, Louisiana, to shield itself from potential protectionist policies under Donald...

    Posco upgrades slab caster at Gwangyang plant with advanced stirring technology

    Posco has placed an order with Danieli Rotelec for a Multi-Mode Electro Magnetic Stirrer (MM-EMS) to be installed on slab caster #1 at steel...

    Posco and Hyundai Steel to use steel slag in highway construction projects

    Posco, Hyundai Steel, the Korea Expressway Corporation Research Institute (KECRI), and the Korean Recycled Construction Resources Institute (KRCRI) have partnered to promote the use...

    Steel firms to raise HRC prices amid rising costs

    South Korea's steel industry will increase prices for general steel products starting January, driven by a sharp rise in the KRW-USD exchange rate and...

    Hyundai Steel reverses closure of Pohang plant amid union opposition

    Hyundai Steel has reversed its decision to shut down its Pohang Plant No. 2 in Gyeongsangbuk-do following strong opposition from the labor union, according...

    Posco shuts down wire rod mill at Pohang site

    South Korean steelmaker Posco has announced the closure of its Wire Rod Plant 1 at the Pohang steelworks in North Gyeongsang Province. The decision...

    Hyundai Steel considers shutting Pohang plant amid low demand and Chinese competition

    Hyundai Steel, South Korea's second-largest steel producer, plans to indefinitely suspend operations at its second plant in Pohang due to a construction slowdown and...

    Posco considers sale of loss-making stainless steel plant in China

    Korea's Posco Group is considering selling Posco Zhangjiagang Stainless Steel (PZSS) in China, part of a broader effort by Chairman Jang In-hwa to restructure...

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