(LEAD) Hyundai Steel Q3 net surges on higher prices, high-end products

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Hyundai Steel Co., South Korea's second-largest steelmaker, reported a near quintupling of its third-quarter net profit, reaching 84 billion won, due to higher selling prices and increased sales of high-value-added products like automotive steel. Sales also saw a modest increase, driven by rising demand for steel used in AI data centers and semiconductor facilities. The company is planning future profitability improvements through expected higher product prices and stabilizing raw material costs in the fourth quarter.