POSCO and Hyundai Motors in mutual cooperative relationship

POSCO and Hyundai Motors in mutual cooperative relationship

According to recent reports from the industry, South Korean steelmaker giant POSCO and a major high-grade steel consumer, namely Hyundai Motors Group agreed upon a mutual cooperative relationship for joint development. This relationship requires POSCO to regularly supply hot rolled coil for construction and cold rolled steel production to Hyundai HYSCO which is a subsidiary of Hyundai Motors as from second half of this year and Hyundai Motors to increase automotive steel sheet purchases from POSCO gradually. Strengthening its competitiveness with this mutual relationship, POSCO plans to develop further cooperative raletionships.