29
Oct
09:27
Hyundai Steel sees losses expand in third quarter
Major South Korean steel producer Hyundai Steel saw its losses deepen rapidly in the third quarter. The trend is similar to last year, in which the company made a profit in Q2 and then suffered a loss in Q3, Kallanish notes.
Hyundai Steel saw a net loss of KRW 45 billion ($39.76 million) in Q3, down almost -246% quarter-on-quarter and -31.8% year-on-year. Revenue in Q3 increased by 8.49% on-quarter to KRW 4.46 billion, but this was still down -…
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Anonymous
Very good overview of the weekly steel market.
Anonymous