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View Full Version : Hyundai Steel Posts Net Loss on Weaker Won, Slowing Demand - Bloomberg



NewsWhore
10-27-2011, 04:30 AM
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Hyundai Steel Posts Net Loss on Weaker Won, Slowing Demand (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGfiCP9tgA748CBOW0G1y9fz2m70g&url=http://www.bloomberg.com/news/2011-10-27/hyundai-steel-posts-net-loss-on-weaker-won-slowing-demand-1-.html)
Bloomberg
The Korean won dropped 9.7 percent in the quarter, becoming Asia&#39;s worst-performing currency. A weaker won increases the cost of Korean mills&#39; foreign-currency debts and import costs of raw materials such as iron ore and coal. Hyundai Steel climbed 10 ...

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