Korea’s Steel, Petrochemical Makers Ride AI Boom Out of Slump # [SUBTITLE] New businesses win orders as steelmakers set up dedicated AI units, develop specialty steel and pursue package deals; Hyundai Steel lands 7 supply contracts, while petrochemic – Seoul Economic Daily

South Korea’s steel and petrochemical manufacturers are capitalizing on the artificial intelligence boom by establishing dedicated AI units, developing specialty steel products, and securing package supply deals. Hyundai Steel has secured seven supply contracts as part of this strategic pivot, while other petrochemical companies are similarly pursuing AI-related business opportunities to recover from recent market downturns. The shift represents an industry-wide effort to position domestic manufacturers as suppliers for the growing AI infrastructure sector.

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