13
Oct
01:00
Dongkuk Steel to absorb CR mill subsidiary in diversification move
Korea’s Dongkuk Steel will merge with subsidiary Union Steel on 1 January in order to expand its geographic and product ranges and diversify its revenue structure, Kallanish learns from the company.
Dongkuk, the second-largest electric arc furnace based steelmaker in Korea after Hyundai Steel, has a finished product capacity of 7.25 million tonnes/year, comprising plate, rebar and sections. Union Steel produces around 2.85m t/y of cold rolled and hot-d…
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Anonymous
Very good overview of the weekly steel market.
Anonymous