Hyundai Steel shifts to loss in Q3

Hyundai Steel on Friday reported its third-quarter net loss of 16.2 billion won (US$11.7 million), shifting from a profit of 129.2 billion won a year earlier.The company said in a regulatory filing that operating income for the July-September period fell 77.5 percent on-year to 51.5 billion won. Revenue decreased 10.5 percent to 5.62 trillion won.Source: Yonhap News Agency