JMB quoted Mr Han Kwang Hee president of Dongbu Steel as saying that the firm plans to build electric furnace steel based concrete reinforcing steel bar plant in Asan bay plant in South Korea for around KRW 400 billion.

He said to a reporter of Japan Metal Bulletin that the plant with 1.2 million tonnes of annual output capacity. He said the firm also studies another expansion plan including wire rod making line concluding in 2010.

(Sourced from www.japanmetalbulletin.com)