Hyundai Steel says mulls merger with Hyundai Hysco

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Shares of Hyundai Hysco surged over 6 percent on Friday, after media reports said it may be absorbed into Hyundai Steel, a sister company of automakers Hyundai Motor (005380.KS) and Kia Motors (000270.KS).

(Reporting by Hyunjoo Jin; Editing by Richard Pullin)