International credit rating agency Moody's has confirmed South Korea-based Hyundai Steel Co Ltd's Baa3 rating with a negative outlook. Moody's stated that the rating confirmation primarily reflects the positive impact that the merger ...
Tags: steel, metallurgy
Hyundai Steel, the second largest steel maker in Korea said on Thursday that it plans to merge with Hyundai Hysco Co's auto steel sheet making division. The merge is to cut costs and improve profitability said Hyundai Steel. The Board of ...
Tags: Steel, Construction
Bloomberg reported that antitrust body fined POSCO, Hyundai Hysco Co and five other South Korean steelmakers were fined a combined KRW 291.7 billion (USD 273 million) for fixing the price of some products. The Fair Trade Commission ...
Tags: antitrust body, POSCO, Hyundai Hysco Co, fine, price fixing
The Korean largest steelmaker Posco and the biggest automaker Hyundai Hysco Co. together with five other steelmakers of the country were fined by its antitrust body for a total amount of 291.7 won billion (US$273 million) for fixing the ...
Tags: Korean, steelmaker, Posco, automaker, Hyundai Hysco Co, monopolization