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Korean steelmakers downsize China operations amid intensifying competition | Hellenic Shipping News Worldwide

Korean steelmakers downsize China operations amid intensifying competition | Hellenic Shipping News Worldwide
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Korean steelmakers downsize China operations amid intensifying competition

Hyundai Steel, the steel affiliate of Hyundai Motor Group, has decided to sell its Beijing entity, crushed by a net loss of over 100 billion won ($70 million) over the past five years, according to market watchers, Thursday. The rapid losses of Hyundai s China entity, Hyundai Beijing Steel Process, which marked a net loss of 49.6 billion won in 2021, was in line with the declining Chinese market presence of Hyundai Motor and its sister firm Kia, the major buyers of the steel affiliate s products. ....

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John Cockerill India Ltd wins order from Tata Steel Ltd

Tata Steel Limited has entrusted John Cockerill India Limited, with the manufacture and supply of Terminal Equipment for Continuous Galvanizing Line and Cold Rolling Mill to be installed at the client s Kalinganagar Works. ....

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Hi-Tech Pipes Ltd reports highest Sales Volumes of 91,232 Thousand Tonnes in Q3 FY23

Hi-Tech Pipes Limited, one of the leading steel processing companies in India, has reported its Sales Volume Performance for the Quarter Ended 31 December, 2022. ....

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Kezad Group and Dana Steel to establish new complex in Abu Dhabi

Khalifa Economic Zones Abu Dhabi – Kezad Group has signed a preliminary agreement with Dana Steel, the flagship manufacturing unit of industrial conglomera.. ....

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