South Korea's Hyundai, Posco sign MOU for cooperation on US steel plant
21/04/2025 03:09
SEOUL, April 21 (Reuters) - South Korea's Hyundai Motor Group said on Monday that it has signed a memorandum of understanding with Posco Holdings 005490.KS for cooperation on a U.S. steel plant. Posco will make an equity investment in Hyundai Motor Group's steel factory in the U.S., the group said in a press release. (Reporting by Hyunsu Yim; Editing by Christopher Cushing) ((Hyunsu.Yim@thomsonreuters.com;))
Recent news on HYUNDAI STEEL
See all newsBrief: Hyundai Steel Q2 Operating Profit 57.7 Billion Won, Down 43% Y/Y
Tokyo Steel to raise product prices in July to pass on higher costs
South Korea's metal workers' union plans to strike on July 15
Tokyo Steel to hike prices in May as raw material costs climb
South Korea's Hyundai Steel plans $2.9 billion capital increase for US steel plant (updated)