# Hyundai Steel signs supply contract with GM Korea

Hyundai Steel has entered a partnership with GM Korea to supply 100,000 tons of automotive-grade steel annually, valued at 110–180 billion KRW ($81–$132 million), replacing Chinese supplier Baoshan. The deal was formalized in 2021 and ramped up in 2024.

- Type: Contract
- Announced: 2025-06-17
- Where: South Korea
- Value: $132.0M
- Status: completed
- Capacity: 100,000 tons per year
- Products: automotive-grade steel, cold-rolled sheets, high-strength steel
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [GM Korea](https://endata.com/companies/38566.md) (customer)
- [HYUNDAI STEEL](https://endata.com/companies/45234.md) (supplier)

## Sources

- [ainvest.com](https://www.ainvest.com/news/hyundai-steel-gm-korea-partnership-geopolitical-supply-chain-shift-global-implications-2506/), 2025-06-17: "Hyundai Steel's recent entry into GM Korea's supply chain, replacing Chinese giant Baoshan Iron & Steel, marks a pivotal moment in this geopolitical realignment."

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