Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Korea, republic of
  4. Korea Stock Exchange
  5. Hyundai Steel Company
  6. News
  7. Summary
    A004020   KR7004020004

HYUNDAI STEEL COMPANY

(A004020)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

U.S. appeals WTO decision in South Korea trade dispute, official says

03/19/2021 | 06:38am EDT
A logo is pictured on the WTO in Geneva

GENEVA (Reuters) - The United States has appealed against a World Trade Organization recommendation that Washington revise a series of duties imposed on South Korea under then President Barack Obama, a WTO official said on Friday.

The appeal pushes the case into legal limbo along with some 18 others, several of them involving the United States, because the WTO lacks a functioning appellate body.

The U.S. decision on whether to comply with the recommendation on the South Korea duties or lodge an appeal had been seen as an early indicator of U.S. President Joe Biden's approach to the WTO and its dispute settlement system.

Under President Donald Trump, the U.S. administration blocked appointments to the appeals body, leaving it with too few adjudicators to rule.

The U.S. mission in Geneva did not immediately comment on the appeal.

A WTO panel recommended in January that the duties on South Korea - imposed on four grades of steel in 2016 and on large power transformers in 2012 - be revised.

The three-person WTO panel found that the U.S. Department of Commerce failed to take into account all the information available when it calculated the level of dumping or subsidies.

The tariffs on transformer makers Hyosung Heavy Industries Corp and Hyundai Electric & Energy Systems Co and steelmakers from Hyundai Steel and POSCO were inconsistent with WTO rules, the panel said.

The case was later joined by the European Union, which said steel producers from several EU member states had also suffered from Commerce Department practices.

South Korea however failed to convince the panel that U.S. authorities had an "unwritten measure" of using the most adverse facts available in order to maximise duties, where an exporter had failed fully to cooperate.

(Reporting by Philip Blenkinsop and Emma Farge; Editing by Nick Tattersall)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HYOSUNG CORPORATION -1.20% 123000 End-of-day quote.60.99%
HYOSUNG HEAVY INDUSTRIES CORPORATION -0.38% 78800 End-of-day quote.26.69%
HYUNDAI CORPORATION -2.72% 17850 End-of-day quote.11.91%
HYUNDAI ELECTRIC & ENERGY SYSTEMS CO., LTD. 1.58% 25650 End-of-day quote.56.40%
HYUNDAI MOTOR COMPANY 0.48% 209000 End-of-day quote.8.85%
HYUNDAI STEEL COMPANY -0.19% 51500 End-of-day quote.30.05%
POSCO -0.55% 362500 End-of-day quote.33.27%
All news about HYUNDAI STEEL COMPANY
09/14Tokyo Steel to keep product prices unchanged in October
RE
08/17TOKYO STEEL MANUFACTURING : to raise prices for pickled and oiled sheets in September
RE
07/19MARKET CHATTER : Hyundai Steel Starts Commercial-Scale Production of 9% Nickel-Steel Plate..
MT
07/13Tokyo Steel to hike some prices in August on robust demand
RE
06/16Tokyo Steel to hike heavy plates' prices by 4.9% in July
RE
06/01MARKET CHATTER : South Korean Steelmakers Reaches Deal with Automakers to Raise Automotive..
MT
05/25Hyundai Steel Promotes Upcycling of Coffee Waste in South Korea
MT
05/17Tokyo Steel to raise product prices for June by up to 18%
RE
04/24Hyundai Steel Company cancelled the acquisition of 51% stake in Green Air Co., Ltd. fro..
CI
03/25MARKET CHATTER : Hyundai Motor Group Chairman Entirely Steps Down from Management
MT
More news
Analyst Recommendations on HYUNDAI STEEL COMPANY
More recommendations
Financials
Sales 2021 22 454 B 19,0 B 19,0 B
Net income 2021 1 261 B 1,06 B 1,06 B
Net Debt 2021 10 779 B 9,10 B 9,10 B
P/E ratio 2021 5,41x
Yield 2021 1,48%
Capitalization 6 775 B 5 707 M 5 718 M
EV / Sales 2021 0,78x
EV / Sales 2022 0,70x
Nbr of Employees 10 906
Free-Float 62,6%
Chart HYUNDAI STEEL COMPANY
Duration : Period :
Hyundai Steel Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HYUNDAI STEEL COMPANY
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Last Close Price 51 500,00 KRW
Average target price 71 250,00 KRW
Spread / Average Target 38,3%
EPS Revisions
Managers and Directors
Tong-Il An President, Chief Executive Officer & Director
Kang-Hyun Seo Director & Head-Finance
Gye-Young Lee Vice President, Head-Research & Development
Ju-Tae Choi Managing Director & Head-Process Technology
Cheon-Geun Jang Managing Director, Head-Legal & Compliance Support
Sector and Competitors
1st jan.Capi. (M$)
HYUNDAI STEEL COMPANY30.05%5 704
ARCELORMITTAL32.55%29 721
NUCOR CORPORATION82.14%28 453
POSCO33.27%23 084
TATA STEEL LIMITED100.76%20 480
NIPPON STEEL CORPORATION54.86%18 109