Tag: South Korea: Heavy plate prices for shipbuilding sector under negotiations

South Korea’s steel plate prices for the domestic automobile and shipbuilding sectors are currently under negotiations. Automobile and shipbuilding industries are expecting prices to come down despite higher manufacturing costs amid soaring raw material prices. Profitability in steel sheets low In CY’21, Hyundai Motor recorded sales of KRW 117.61 trillion (largest since inception) while its…