Hyundai Steel News - Latest Updates & Headlines
Steelmakers brace for Trump's tariffs with US production, higher-value products
Seoul, April 2: South Korean steelmakers are bracing for US President Donald Trump's sweeping tariffs with possible plans to build production facilities in the United States, industry officials and market observers said on Wednesday.
Hyundai Steel temporarily shuts down rebar plant on low demand
Seoul, April 1: Hyundai Steel, South Korea's second-biggest steelmaker, said on Tuesday it has temporarily shut down one of its three domestic steel reinforcement bar (rebar) plants due to low demand.
Hyundai Steel to temporarily shut down rebar plant on low demand
Seoul, March 27: Hyundai Steel, South Korea's second-biggest steelmaker by sales, said on Thursday it will temporarily shut down one of its three domestic steel reinforcement bar (rebar) plants due to lower demand.
S. Korea probing suspected dumping of hot-rolled steel, optical fibre from China
Seoul, March 20: The South Korean government has launched a probe into suspected dumping of hot-rolled carbon steel and optical fibre products from China and Japan, the industry ministry said on Thursday.
Hyundai Steel shifts to emergency management mode amid tariff, labour woes
Seoul, March 14: Hyundai Steel said on Friday it has shifted to an emergency management mode in response to growing challenges, including the recent imposition of steel tariffs by the United States and an ongoing strife with unionised workers.
S. Korea to devise response measures to US tariffs on steel this month
Seoul, March 13: Seoul will come up with a response strategy before the end of this month to deal with the United States' 25 per cent tariff on all steel imports and protect the Korean steel industry, the industry minister said on Thursday.
Steelmakers vow to work with S. Korean govt to respond to US tariffs
Seoul, March 7: South Korean steel companies said on Friday they will closely cooperate with the government and related agencies to minimise the impact of planned U.S. tariffs on all steel and aluminum imports from next week.
Hyundai Steel suspends cold-rolled plant amid stalled wage talks
Seoul, Feb 24: Hyundai Steel, South Korea's second-biggest steelmaker by sales, said on Monday it has suspended its cold-rolled steel plant in the wake of a month-long strike by its workers demanding pay hikes.
South Korea holds emergency meeting on US tariffs on steel, aluminum imports
Seoul, Feb 10: South Korea's industry ministry held an emergency meeting on Monday to assess the possible impact on local businesses from the United States' plan to impose a 25 per cent tariff on all steel and aluminium imports.