Author: Lalita
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S. Korea: Hyundai Steel expects construction, auto sectors to propel steel demand
South Korea’s leading steel producer, Hyundai Steel, expects steel demand to increase in 2021, especially from the construction and automobile sectors. Investment in the construction sector is expected to grow marginally by 1.6% y-o-y to KRW 268 trillion. Strong domestic demand and the government’s new housing plans are likely to support growth in the sector.…