05
Jun
01:00
Hyundai Special Steel plans new China plant
Korea’s Hyundai Special Steel is planning to build a special steel plant in China’s Jiangsu province, according to Korean media reports. The site would likely supply automotive parts to the growing automotive production capacity of sister company Kia Motor in the same province, Kallanish notes.
Hyundai could not confirm details of the plant when contacted by Kallanish but said reports that it has established a new legal entity in China are true. …
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Anonymous
Very good overview of the weekly steel market.
Anonymous