Arab Today, arab today south korean steelmakers to cut prices of car steel plates
Last Updated : GMT 16:55:22
Arab Today, arab today
Arab Today, arab today

South Korean steelmakers to cut prices of car steel plates

Arab Today, arab today

Arab Today, arab today South Korean steelmakers to cut prices of car steel plates

Seoul - Yonhap

POSCO and Hyundai Steel Co., South Korea's leading steelmakers, will cut the prices of their steel plates for cars starting next month, company officials said Tuesday, a move feared to hit their business performance this year. "In accordance with a request by our parent company Hyundai Motor, we have decided to cut steel plate prices by 80,000 won (US$74.77) per ton in March and April and by 90,000 won per ton from May to July," a Hyundai Steel official said, requesting anonymity.

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