22
Jun
14:58
Hyundai Steel cuts output to clear inventory
South Korean steelmaker Hyundai Steel plans to suspend some production to relieve inventory pressure from last week's strike by truck drivers.
It is reported by local media that Hyundai Steel has decided to temporarily suspend the operation of electric arc furnaces at its Incheon and Pohang plants. One 120-tonne EAF at Incheon plant will be overhauled for 10 days ending on 29 June, and one 100-t EAF at Pohang plant will halt during 20-27 June, Kallan…
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Anonymous
Very good overview of the weekly steel market.
Anonymous