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South Korean yards hit by higher steel prices in second quarter

Yards in the major shipbuilding nation are expected to report lower results in the second quarter, with higher steel prices pulling down profits.
Photo: Daewoo Shipbuilding & Marine Engineering/Yonhap
Photo: Daewoo Shipbuilding & Marine Engineering/Yonhap
by DANIEL LOGAN

The major shipyards in South Korea are headed for lower results in the second quarter of the year, reports local news agency Yonhap citing an analyst.

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