# Hankook Steel wins $1.8M shipbuilding casting contract from Samsung Heavy Industries

South Korea-based Hankook Steel & Technology signed a KRW 2.56 billion ($1.8 million) contract with Samsung Heavy Industries to supply stern castings for shipbuilding. The contract was signed on August 10, 2026, and runs until November 25, 2028.

- Type: Contract
- Announced: 2026-08-10
- Where: Geoje, South Gyeongsang Province, South Korea
- Value: $1.81M (2.56B KRW)
- Status: completed
- Products: stern castings, stern bosses, rudder hub castings
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Hankook Steel & Technology](https://endata.com/companies/93502.md)
- [Samsung Heavy Industries](https://endata.com/companies/1440.md) (customer)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/hankook-steel-to-supply-shipbuilding-castings-to-samsung-heavy-industries-1470208.htm), 2026-08-11: "The contract, which was signed on August 10, 2026, and will remain in effect until November 25, 2028, covers shipbuilding components including stern bosses and rudder hub castings."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.