The shares of the South Korean metallurgical company Hyundai Steel have reached a three -month maximum today, having rise in price by 4.1 percent against the backdrop of the hopes of investors to increase the company's profit after commissioning a new blast furnace in Dangjin.
The capacity of the new blast Domna will be more than 4 million tons of steel per year and its operation will lead to the redistribution of the domestic market of South Korea. Competitors of Hyundai Steel are afraid of losses of a significant market share, and its leadership states that all steel will be directed to "Hyundai Hysco and there will be not many metal distributions to the market."
Be that as it may, the shares of the Korean company are growing and the papers of the leading companies in Seoul grow up with them.
Hyundai Steel shares have grown by 4.1 percent today
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Azovpromstal® 6 September 2013 г. 11:55 |
