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Hyundai Steel builds global sales network of low-carbon steel

Korea Economic Daily LogoKorea Economic Daily1w ago

Hyundai Steel builds global sales network of low-carbon steel - Korea Economic Daily

Quick Summary:

South Korea’s Hyundai Steel Co.announced on Tuesday that it signed a memorandum of understanding (MOU) with European customers to sell low-carbon steel sheets in response to the global carbon neutrality initiative and the Carbon Border Adjustment Mechanism (CBAM).

These companies, which have supplied steel materials to major European car manufacturers such as Volkswagen and Stellantis, needed to secure low-carbon steel sheets to meet the carbon neutrality plans of global automotive companies.

Starting in September, Hyundai Steel plans to conduct tests on low-carbon steel sheet components with the companies that have signed the MOU and pursue joint marketing of low-carbon steel sheets to expand the market.

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-25 @ 16:54:25 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 155 words

Reading Time: 1 minutes read

Sentences: 10 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 21381927

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About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 16 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 4 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #91

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