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flag Hyundai Steel's profit dropped 84% in 2025 due to weak demand and U.S. tariffs, but it plans expanded U.S. production by 2029.

flag Hyundai Steel's net profit fell 84% to 1.4 billion won in 2025 due to a weak construction sector and U.S. tariffs up to 50% on South Korean steel, but operating profit rose 37% to 219.2 billion won on higher sales of premium steel and import restrictions. flag Sales dipped 2.1% to 22.73 trillion won. flag The company plans mass production of advanced high-strength steel in early 2026, expand thick steel plate supply for wind and nuclear projects, and build a 2.7 million-ton-per-year electric arc furnace mill in Louisiana, U.S., with operations expected by 2029 to serve Hyundai and Kia’s U.S. auto plants.

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