S. Korean steel producers to increase investments
South Korean steel producers will reportedly increase their capital expenditures by 50% in 2005 as they plan to invest in new plants and equipments in order to meet rising demand.
Korea Iron and Steel Association stated that fifteen Korean steel producers are expected to invest a combined Won 3.85 trillion ($3.69 billion) in the subject projects in the next year, which indicates an increase of 52.2% over 2004.