South Korea's Hyundai Steel considering US plant, Yonhap says
SEOUL, Jan 22 (Reuters) - South Korea's Hyundai Steel 004020.KS said on Wednesday it is considering building a steel plant in the United States, Yonhap News Agency said.
An executive at the steelmaker said it is actively considering the matter in an earnings call on Wednesday, which is seen as a potential response to U.S. President Donald Trump's strong protectionist policy, Yonhap said.
A spokesperson for Hyundai Steel could not be immediately reached for comment.
Trump told reporters on Monday that he was considering imposing 25% tariffs on Mexico and Canada on Feb. 1, and on Tuesday vowed to hit the European Union with tariffs and said his administration was discussing a 10% punitive duty on Chinese imports.
(Reporting by Joyce Lee and Hyunjoo Jin
Editing by Shri Navaratnam)
((joyce.lee@tr.com;))
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