(Courtesy of Hyundai Steel) South Korea’s Hyundai Steel Co. is expected to resume steel production in Russia two years after it took its plant offline in the country amid the war between Russia and Ukraine, which later forced its auto-making sibling Hyundai Motor Co. to sell its factory t
A blast furnace at a Hyundai Steel mill (Courtesy of Hyundai Steel) South Korea's Hyundai Steel Co. is aiming to reduce its dependence on its affiliates Hyundai Motor Co. and Kia Corp. to become one of the world’s top three automotive steel makers, its chief executive said.This year, it p
Hyundai Steel posted a 57% year-on-year surge in operating profit in 2022 despite losses from its China operations Hyundai Steel Co. has decided to close its stainless steel-making plant in Incheon, South Korea, pulling out of the market amid a flood of Chinese-made products and declining sales
South Korea’s Hyundai Steel on Wednesday said its Ulsan Factory 2 in the southern coastal city of Ulsan received certification as an offshore wind power plant from the Norway-based global classification organization DNV. Producing steel and line pipes for offshore wind power, the fa
A Hyundai Steel furnace (Courtesy of Hyundai Steel) South Korea’s Hyundai Steel Co. has sold its subsidiary in Chongqing, China to further scale back Chinese operations as it loses ground to low-cost local rivals, amid declining sales by Hyundai Motor Co. and Kia Corp. in the neighboring