Hyundai Steel’s 1st-qtr. net profit hit by outage

Apr 30, 2013 | 11:45 AM | Weilyn Loo

Tags  Hyundai Steel, steel production, flat-rolled steel, long steel products, Weilyn Loo

SINGAPORE — Hyundai Steel Co. Ltd. saw its net profit plunge in the first quarter amid weak steel prices and lost production resulting from the shutdown of its hot-rolled coil facilities for maintenance, the company said.

South Korea’s second-largest steel producer posted net income of 20 billion won ($18 million) for the three months ended March 31, down 90.8 percent sequentially from 217 billion won and 87.3 percent lower than the 158 billion won recorded in the year-ago quarter. Revenue for the quarter came in at 2.78 trillion....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results