South Korea’s Hyundai Steel targets international value-added flat steel market

摘要

South Korea’s second largest steelmaker, Hyundai Steel, aims to increase shipments of high value-added flat steelproducts, for automotive industry in particular. Previously, the company focused mainly on the home market, whilethis year Hyundai Steel is more interested in export destinations. The auto sheet segment has become the mostpromising for the company amid weak prospects for the long steel sector in both the domestic and export markets inview of scrap/iron ore price imbalance. The market for commercial flat steel is not a priority for Hyundai Steel eitherbecause of lower margins and tougher competition with other Asian suppliers.