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Hyundai Steel to halt stainless CR production
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Owing to slower demand in South Korea and nickel price falling , South Korea Hyundai Steel starts its fourth production cut in stainless steel cold rolled this year, said an official from its company.
Hyundai has a capacity of 200,000 tons per year in stainless steel cold rolled coil.
The other company, Posco also announced to slash stainless steel output by 25,000 tons in September. Stainless steel mills in Asia are cutting production in an effort to stabilize the market.
News Date
8/29/2007 1:25:30 PM
reported by
Brian Huang
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