Posted on 27 Mar 2015
South Korean steel producer Hyundai Steel said on Friday that it is considering a merger with its steelmaking affiliate Hyundai Hysco, but added nothing has been decided.
Shares of Hyundai Hysco surged over 6 percent on Friday, after media reports said it may be absorbed into Hyundai Steel, a sister company of automakers Hyundai Motor and Kia Motors.
