Hyundai Steel, the second largest steelmaker in South Korea, on Tuesday decided to establish a steel pipe manufacturing and sales subsidiary to boost its competitiveness, Kallanish learns.
The wholly-owned subsidiary is scheduled to be established in October 2023, which could be adjusted on procedure issues. Hyundai Steel intends to invest KRW 14 billion ($10.38 million) in cash.
The company name and representative are currently unconfirmed and are scheduled to b…
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