Dongbu Steel reports operating profit expectation
According to recent market reports, South Korean steelmaker Dongbu Steel expects to announce Won 142 billion ($119 million) operating profit for 2003 with an increase of 6% compared to 2002.
The company plans to produce total 2.6 million tons of steel in 2004.
Furthermore, Dongbu will invest Won 20 billion ($17 million) for its Asan Bay
plate mill in 2004 and Won 60 billion ($50 million) for port
construction. The port
construction is scheduled to complete in 2007.