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Korean Steel Industry`s Investments in 2011 to Go up 3.7% Compared with the Same Period Last Year
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2011-01-14
Korean steel industry is expected to invest US$7.5 billion in total in 2011, up 3.7% compared with the same period last year and representing 48% of the total investment value of 58 major industries in Korea. The investing companies include petrochemical and metal fabricating companies such as LG Chem Ltd. investing US$2.41 billion, OCI Co. investing US$1.34 billion, and the Steelmaker Posco investing US$4.82 billion.