Partial Flooding at Hyundai Steel Pohang Plant... Temporary Suspension of Operations
[Asia Economy Reporter Donghoon Jung] Hyundai Steel's Pohang plant has suspended operations due to flooding damage caused by Typhoon Hinnamnor.
On the 7th, Hyundai Steel announced that it would temporarily halt the production of long products and medium products at the Pohang plant and begin restoring the damaged facilities. This is due to flooding damage in some areas of the plant caused by Typhoon Hinnamnor, which brought heavy rain.
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However, Hyundai Steel expects no significant disruption in product supply. Hyundai Steel stated, "We are currently restoring the damaged facilities," and added, "We anticipate no impact on sales losses by increasing inventory and operating rates at the Incheon and Dangjin plants."
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