Business HS Hyosung Advanced Materials signs MOU with TATA Steel Thailand
By Diplomacy Journal Lee Kap-soo HS Hyosung Advanced Materials signed a Memorandum of Understanding (MOU) with TATA Steel Thailand for the long-term purchase of sustainable steel raw materials on June 18, the company said. Through this MOU, HS Hyosung Advanced Materials will be able to secure a stable supply of sustainable steel raw materials used in tire steel cords. TATA STEEL Thailand, a subsidiary of India’s leading Tata Group, produces high-quality steel raw materials using the electric arc furnace (EAF) method. EAF-based products recycle scrap metal and are highly energy-efficient, resul