Dongbu Steel

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Dongbu Steel
Traded as KRX: 016380
Industry Steel
Founded October 27, 1982; 34 years ago (1982-10-27)
Headquarters Seoul, South Korea
Key people
Soo Il Lee, (CEO)
Products Steel Cold-Rolled, Steel Sheet, Steel and Iron Coating
Revenue US$2.5 billion
Number of employees
Parent Dongbu Group

Dongbu Steel (DBS, Hangul:동부제철; KRX: 016380, KRX: 016385, is a South Korean multinational corporation and have made significant contributions to the steel and iron industries both in Korea and abroad. Dongbu Steel is a leading producer of cold-rolled products and are positioned to become the world's leader for steel sheet products, steel and iron coating, and new products. Dongbu Steel have played a key role in the development of Korea’s core industries including automotive, electronics and construction. Its steelworks in Asan Bay, Incheon and Pohang have a combined annual production of 2.5 million tons and sales exceeding 2.2 trillion KRW (2.5 billion USD). The company’s products include cold-rolled steel sheet, galvanized steel sheet, pre-painted steel sheet, tinplated steel sheet, medium and large diameter pipe, welded light H-beam, PEB, cold heading quality wire, cold drawing bar, and more. The Asan Bay Works, established in 1999, has the world's first fully automated process from production to physical distribution. Because of this innovative process Dongbu Steel have realized the world's lowest production costs, positioning Dongbu Steel as the most competitive company specialized in coating and steel sheet.