07
Nov
00:00
Hyundai Steel benefits from absorbing sister companys margins
Korea’s Hyundai Steel announced its third quarter results last week and they are likely to continue giving Posco a headache, Kallanish observes. The company more than doubled its operating profit as it gained from assets absorbed from its sister company, Hyundai Hysco, at the start of the year.
Hyundai Steel made an operating profit of Won 365.7 billion ($334.3 million) on revenues of Won 3.84 trillion, up from Won 156.57bn on Won 3.04tr a year earlier…
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Anonymous
Very good overview of the weekly steel market.
Anonymous