Hyundai Steel Company · Incheon South Korea
Company Description
Phone: +82-2-3464-6114
Fax: +82-2-3464-6100
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This link will open in a new window Hyundai Steel keeps its country -- and others -- building. South Korea's #2 steelmaker (behind POSCO ), Hyundai Steel was established in 1953 as the country's first steel company. Its steel products are used the world over in everything from rail lines and ship anchors to bridge support mechanisms and power transmission towers. Hyundai Steel operates three production facilities in South Korea and one in China from which it produces about 10 million tons annually. It markets its products to North America, Europe, Africa, the Middle East, and throughout Asia. Though it's an affiliate of Hyundai Motor Company , Kia Motors is the company's largest shareholder (21%) and chairman Jung Mong-Gu owns 13%. To read the full description, subscribe now.
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Key Hyundai Steel Company Financials
| Company Type | Public Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $10,502,957.0 |
| Employees | 6,915 |
Competition
Competitive Landscape for Hyundai Steel Company
Demand comes largely from the manufacturers of durable goods like motor vehicles, machinery, containers, and construction steel. The profitability of individual companies depends largely on efficient operations, because most products are commodities sold based on price. Big companies have large economies of scale in production. Accordingly, most producers of secondary products buy raw metal from the large producers. Small companies can compete by operating efficient local mini-mills or producing specialty products. The industry is capital-intensive: average annual revenue per worker is close to $300,000. To read the full description, subscribe now.Top Hyundai Steel Company Competitors
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