Market Chatter: Hyundai Steel to Become GM Korea's Steel Supplier from September

MT Newswires Live

Jun 16, 2025

Hyundai Steel (KRX:004020) will begin supplying 100,000 tons of automotive steel plates annually to General Motors Korea, replacing China's Baoshan Iron & Steel (SHA: 600019), Pulse News reported Friday, citing industry sources.

The switch, effective from September, follows GM Korea's official notice to end procurement from Baoshan, the report said.

The deal could generate up to 180 billion won in annual revenue for Hyundai Steel, as GM Korea begins quality certification for the supplier transition, it said.

Shares of Hyundai Steel fell nearly 1% in recent trade on Monday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0196","symbol_name":"行业龙头","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2543617236","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2543617236","pubTimestamp":1750035133,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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