Hyundai Steel Rebar Production Cut at Incheon Plant Signals Market Shift

Post Views: 119 Hyundai Steel rebar Hyundai Steel Rebar Production Cut Reflects Domestic Slump South Korea’s leading steelmaker, Hyundai Steel, will reduce rebar production at its Incheon facility starting March 2. The company confirmed the decision earlier this year as market conditions worsened. The Hyundai Steel rebar production cut targets a 90-ton electric arc furnace and a small rolling mill. The Incheon plant holds an annual rebar capacity of 1.6 million tons. Meanwhile, the rolling mill alone accounts for 750,000 tons of that capacity. The company approved the shutdown plan in January ...