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Hyundai Steel Company

Company Profile Analysis

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Hyundai Steel Company - Chemicals & Materials showcase

Year Founded & Workforce

1953

12,000 Employees

Industry

Chemicals & Materials

Services

ERW Pipe
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Hyundai Steel Company Employee Contacts

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Hyundai Steel Company Overview

Hyundai Steel Company engage in manufacturing and selling of steel products in South Korea. The company was formerly known as INI Steel Company and changed its name to Hyundai Steel Company in March 2006.

Strategy

Hyundai Steel is planning to lead the new era for the steel industry by providing high value-added products and services and by achieving global competitiveness based on co-operation with customers to increase the profitability and sales of high-value products. It is striving for improved profitability through the continuous expansion of strategic product sales in new demand areas by creating new demand for high-quality products produced and sold to global automobile brands at the special steel plant and forging works. Furthermore, the company is focusing on proceeding with an array of activities for the verification of quality and structure performances, support for study activities, and collaborative research and development to meet the demand for steel with high functions such as impact proofing and fire resistance.

Company Snapshot

$15,923.9M

Revenue

12,000

Employees

1953

Founded

South Korea

Headquarters

SWOT Analysis

Strengths

  • Ongoing development of stronger and lighter advanced high strength steels for new cars
  • Innovative approach that goes beyond existing business know-how

Weaknesses

  • No manufacturing facility outside Asia

Opportunities

  • Diversify profit structures by rapidly stabilizing new product lines
  • Develop products to pursue the specialized values that focus on customer needs.

Threats

  • Gradually enforced environmental regulations
  • Core safety rules issues, and penalties

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Product Offering

  • Hyundai Steel
    • ERW Pipe

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Net Sales rose from USD 14,261.6 Mn in 2015 to USD 16,961.9 Mn in 2017.
Hyundai Steel Company — By Business Segment
Series (USD Mn)201520162017
Net Sales14,261.614,405.216,961.9

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