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Hyundai Steel will spin off its metal casting and free forging business into a new subsidiary tentatively named Hyundai Integrated Forging Co., with initial capital of 521.8 billion won, effective April 1, 2020.
ANDRITZ received an order from HYUNDAI STEEL to supply a Direct Fired Furnace for the continuous galvanizing line at the Dangjin plant in Korea. The project will be executed during Q4 2020.