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21 Aug
01:00

Korea prepares for special steel showdown

The rapid development of Hyundai Steel’s flat steel capacity in recent years has posed a challenge to Korea’s preeminent steelmaker, Posco. Now Posco is intervening in Hyundai’s looming competition with special steelmaker, SeAh Besteel, with what a Korean analyst tells Kallanish is a “win-win” deal. Posco agreed last week to sell its special steels division to SeAh, which is Korea’s largest special steels producer. Posco&r…
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