Hyundai Steel rebar production capacity cut reshapes South Korea’s steel market

Post Views: 211 Hyundai Steel rebar production Hyundai Steel rebar production capacity faces structural cuts in Incheon Hyundai Steel rebar production capacity declined sharply after the company closed one Incheon rolling mill. The shutdown removed a 750,000-ton rebar line and a 90-ton electric arc furnace. Hyundai Steel reached a labor agreement on January 20 before confirming the closure. However, the market already expected this decision after earlier production suspensions. The Incheon rolling mill halted operations on January 4 amid weak construction demand. Last April, Hyundai Steel also...