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World's largest shipyard books deficit in Q3

South Korean Hyundai Heavy Industries has booked a deficit in the third quarter, which it attributes to factors such as rising steel prices.

Photo: /ritzau/AP/Lee Jin-man

The world's largest shipyard, Hyundai Heavy Industries, went from black to red figures during the third quarter, which finished at a deficit of KRW 23.1 billion (USD 20.2 million).

This marks a reduction from the same period last year, when the company made a profit of KRW 182 billion.

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