Dongkuk Steel Mill Co., Ltd
SEO:001230 ISIN:KR7001230002
Dongkuk Steel Mill Co., Ltd. is a Korea-based company engaged in the manufacture of steel products. The Company mainly produces heavy steel plates, deformed bars and section steels through its domestic production facilities located in Pohang, Incheon and Busan. The Company also has operations in overseas markets such as the United States, Japan, China and Brazil. During the year ended December 31, 2007, the heavy steel plates, deformed bars and section steels accounted for approximately 52%, 26% and 21% of the the Company's total revenue, respectively. In 2007, the Company had a total production capacity of 5,620,485 tons and its actual output was 5,784,288 tons of steel products.
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Asian shares could be lifted after US and European markets rallied overnight on optimistic outlook of 2010. Yesterday Asian markets mostly kicked off the new year with gains. Japan's Nikkei surged 1 per cent on yen's weakness and a financial lifeline to Japan Airlines. The global markets also cheered for the strong manufacturing data from China and India. However, China's Shanghai Composite fell 1 per cent on Monday over fears on inflation.
Asian markets generally opened lower on Friday. The markets gained Thursday as the U.S. plans to help troubled banks boosted financial shares. Hong Kong's benchmark Hang Seng Index jumped 4.6% on the first trading day after the Lunar New Year holiday. In Tokyo, the Nikkei Stock Average of 225 companies gained 1.8% to 8251.24, bringing its three-day advance to 7.4%. Markets in China, Taiwan and Vietnam remain closed for the Lunar New Year holiday.
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