Korean steelmakers downsize China operations amid intensifying competition

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Hyundai Steel, the steel affiliate of Hyundai Motor Group, has decided to sell its Beijing entity, crushed by a net loss of over 100 billion won ($70 million) over the past five years, according to market watchers, Thursday. The rapid losses of Hyundai’s China entity, Hyundai Beijing Steel Process,...

https://www.hellenicshippingnews.com/korean-steelmakers-downsize-china-operations-amid-intensifying-competition/

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