[Concall] Hyundai Steel "Thick Plate Prices Raised by Cost Increase... Additional Hike in Second Half"

On the 27th, Hyundai Steel stated in a conference call, "We finalized negotiations on plate prices with shipbuilders last month," adding, "We raised prices in line with the increased costs of raw materials such as iron ore." They continued, "Since iron ore prices have steadily risen after the negotiations, we believe it is necessary to further increase plate prices in the second half of the year," and added, "Plate profitability was poor last year, but we expect to turn a profit from the second quarter this year and see a significant improvement in earnings compared to last year."