South Korea's steel industry, already under pressure from the United States' and European Union's steep import tariffs and influx of cheap Chinese imports, is now facing another major blow, the soaring cost of carbon emission permit costs says a report by Pulse, the English service of Maeil
Seoul-based Hyundai Steel returned to profitability in the second quarter of 2025, reporting an operating profit of 101.8 billion won (approximately USD 73.6 million) and a net profit of 37.4 billion won (approximately USD 27 million), as reported by the Korea Herald.
Seoul [South Korea], November 2 (ANI/Global Economic): Hyundai Steel Company announced on the 1st that it has recently signed a memorandum of understanding (MOU) agreement with Brazil's Vale, one of the world's largest mining companies, to seek ways to cooperate, including greenhouse gas emi
Seoul [South Korea], May 11 (ANI/Global Economic): The price of iron ore, the raw material that goes into making steel materials, has reached its highest level in a decade, jumping over $190 per tonne.