An electric furnace at Hyundai Steel's Incheon plant POSCO, the world’s seventh-largest steelmaker, is seeking to invest in smaller rival Hyundai Steel Co.'s first overseas plant in the US, in exchange for local production of its own steel products in the country to mitigate hefty 25% US
Hyundai Chairman Chung Euisun unveils a $21 billion US investment plan during a meeting with President Donald Trump at the White House in March 2025 (Courtesy of Yonhap) South Korea’s Hyundai Steel Co. has chosen Donaldsonville, Louisiana, as the location for its $5.8 billion US steel mil
An electric furnace at Hyundai Steel's Incheon plant Hyundai Steel Co. is set to shut down its reinforced bar plant in Incheon in April to trim output as steel bar prices are hovering near a four-and-a-half-year low, slipping below the breakeven point, according to industry sources on Thursday.
▲ Hyundai Motor Group Metaplant America Celebrates Grand Opening | HMGMA ELLABELL, Georgia – When Hyundai Motor Group Honorary Chairman Chung Mong-koo opened the South Korean automaker’s first US plant in Alabama back in 2005, competing with other global peers in the country was a t
Hot-rolled steel plates produced at POSCO's steel mill at Gwangyang Steelworks South Korea plans to impose up to 38% provisional anti-dumping duties on Chinese hot-rolled steel plates starting next month, judging that those products have undercut domestic steelmakers.The proposed tariffs exceed
High-strength hot stamping steel sheets for auto bodies developed by Hyundai Steel Hyundai Steel Co., South Korea’s second-largest steelmaker, sold more than 1 million tons of automotive steel sheets to overseas automakers other than affiliates Hyundai Motor Co. and Kia Corp. in 2024.Acco
Hyundai Steel employees smelt iron at a blast furnace (Courtesy of Hyundai Steel) WASHINGTON, D.C. – Hyundai Motor Group is considering building its first overseas steel mill in New Orleans, Louisiana, according to industry sources on Monday. The move aims to shield the automobile giant f
Hyundai Steel's plant in Dangjin, South Chungcheong Province Hyundai Steel Co., a unit of South Korean automotive group Hyundai Motor Co., is set to enter the battery materials business by supplying iron powder, a key battery raw material, to lithium ion phosphate (LFP) battery cathode makers a
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