Koreans Investing in Steel

According to a survey by steel industry lobbying group Korea Iron and Steel Association (KOSA), domestic steel companies plan to invest 3.06 trillion won ($2.7 billion) in facilities this year, up 88 percent from 1.62 trillion won last year.

The estimated surge in facility investment is attributed to implementation of plans intended to boost production capacities and expand value-added products. Steel makers are preparing to meet the sharp surge in steel demand expected in China and other overseas markets over the next few years.

Here to read more.