[Concall] Hyundai Steel "Tight Supply and Demand in Second Half... High Market Conditions to Be Maintained"
[Asia Economy Reporter Hwang Yoon-joo] Hyundai Steel stated on the 21st during the 2021 Q2 earnings conference call that "the high market conditions for flat products are expected to be maintained in the second half of the year."
Hyundai Steel explained, "Regarding the flat products market, there are movements toward export tariffs, so we believe that China's oversupply issue will be restrained for the time being. With Europe's safeguard measures and the U.S.'s 'Section 232' remaining in place, demand is recovering," adding, "Steel supply and demand across all regions are expected to remain quite tight."
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They continued, "By industry, although the automotive sector faced difficulties in the first half due to semiconductor supply issues, it is expected to have entered a stabilization phase. The home appliance sector is also booming, and the thick plate segment is showing results exceeding plans due to shipbuilding orders."
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