22
Oct
11:26
Hyundai Steel profits slump in third quarter
South Korea’s Hyundai Steel has reported net profits of KRW 26.12 billion ($22.98 million) over July-September, down -79.4% year-on-year. The company’s ambitious expansion however has rattled rival Posco which has taken a heavy financial hit in Q3, Kallanish notes.
Hyundai Steel took control of sister company Hyundai Hysco earlier this year and has been expanding both production capacity and its international sales networks. Hyundai blamed the fall i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous