Posted on 14 Jul 2016
According to financial media report, Dongkuk Steel Mill, established in 1954, the second largest EAF steel producer in Korea behind Hyundai Steel, reported two days ago that its operating profit hiked to 99 billion won (about US$85.6 million) in the second quarter, which also represents a 156.4% jump from the same period in 2015.
Dongkuk Steel is the parent company of the Dongkuk Steel Group with several subsidiaries including Union Steel, USI Service Center, and CSP (Companhia Siderúrgica do Pecém)to name a few.
Nevertheless, its revenue reduced by 1.5% to 1.2 trillion won and net profit down 59.6% to 36.5 billion won. Dongkuk Steel mill is world's forty-ninth largest steel maker among IISI member companies.
