Posted in | News | Ferrous Alloys and Metals | Business | Iron and Steel

Hyundai Consortium to Buy Hanbo Steel

Jun 1 2004

A consortium consisting of INI Steel and Hyundai Hysco, both divisions of Korean-based Hyundai Motor Group have signed an agreement to purchase bankrupt Hanbo Steel.

The purchase price was not publicized, with a final sale price not expected to be reached until after the consortium have had a chance to check the Hanbo books. The deal is expected to be finalized in August.

For more information on steel manufacture, click here.

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