Yonhap has reported that South Korea’s second largest steelmaker Hyundai Steel’s net income fell by 31% YoY to KRW 1.04 trillion (USD 848 million) on a consolidated basis due to declining prices and rising costs while operating income dipped 34% YoY to KRW 1.62 trillion won, while sales spiked 20% YoY to KRW 27.34 trillion Hyundai Steel expects demand to rebound on the back of China's reopening, and firm demand from automakers and shipbuilders. Hyundai Steel targets to sell 1.1 million tonnes of steel sheets for automakers in 2023, up 34% YoY
Yonhap has reported that South Korea’s second largest steelmaker Hyundai Steel’s net income fell by 31% YoY to KRW 1.04 trillion (USD 848 million) on a consolidated basis due to declining prices and rising costs while operating income dipped 34% YoY to KRW 1.62 trillion won, while sales spiked 20% YoY to KRW 27.34 trillion Hyundai Steel expects demand to rebound on the back of China's reopening, and firm demand from automakers and shipbuilders. Hyundai Steel targets to sell 1.1 million tonnes of steel sheets for automakers in 2023, up 34% YoY
