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70 news items from South Korea. Show all
Posco is increasing its steel supply for the world's first hyperloop facility, following the successful test of Hardt Hyperloop's vehicle at the European Hyperloop Center (EHC) in Veendam, the Korean steelmaker…
The South Korean steel industry is grappling with significant challenges, including a domestic construction slowdown, aggressive Chinese exports, and declining supply prices, according to local media reports. In Q2…
Dongkuk Coated Metal Co. (Dongkuk CM), a subsidiary of South Korea's Dongkuk Holdings Co., has agreed to acquire Aju Steel Co., a color-coated steel specialist, in a USD 93.4 mln deal. This acquisition will position…
Korean steel producers Posco and Dongkuk Steel have been cautious about joining Hyundai Steel's anti-dumping complaint against low-priced thick steel plates from China, according to industry sources, reported by the…
Korean steel producer Posco Holdings reported a decline in net profit for Q2 2024, impacted by weak steel demand. The company's net profit for the quarter ending in June was KRW 546 bln (USD 394.5 mln), a 29.6pct…
Hyundai Steel is expanding its international sales in Europe and America for carbon-reduced steel to align with the global push for carbon neutrality and the EU's Carbon Border Adjustment Mechanism. Recently, Hyundai…
Posco, the world’s seventh-largest steelmaker, aims for carbon neutrality through hydrogen-based steel production. They unveiled a pilot facility, HyREX, which produces steel using hydrogen instead of fossil fuels…
Hyundai Steel Co., South Korea's No. 2 steelmaker, said its second-quarter earnings tumbled more than 48 pct on-year on sluggish sales. Consolidated net profit came to KRW 293.5 bln (USD 230 mln) in the April-June…
South Korean Posco Group saw its second-quarter operating profit plunge by more than 38 pc amid steel oversupply due to the sluggish property market in China. Posco Holdings Inc. disclosed that its preliminary operating…
Hyundai Steel Co., a unit under South Korean auto giant Hyundai Motor Group, is set to kick off research on hydrogen-based steelmaking as its new lab will open by the end of this year in Dangjin Integrated Steelworks…
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