Latest Electric Arc Furnace (EAF) News & Updates

Seoul, Jan 30 (IANS) Hyundai Steel Co., South Korea’s second-largest steelmaker, said on Friday its net profit plunged 84 percent in 2025 from a year earlier due to a downturn in the construction sector and rising protectionism.Net profit fell to 1.4 billion won ($970,000) last year from 8.8 billion won the previous year, the company said in a press release.”A prolonged slump in the construction industry and growing protectionism, including U.S. import tariffs, weighed on earnings,” a company sp…