Hyundai Steel says to add $2.7 bln furnace by 2013

Newswire

SEOUL, Jan 28 (Reuters) - South Korea's Hyundai Steel Co said on Friday that it will invest more than 3 trillion won ($2.69 billion) to build a No.3 furnace with a capacity of 4 million tonnes of steel per year (tpy). Construction will start in the second quarter of this year and run through to 2013. The country's No.2 steel maker after POSCO completed its first blast furnace last year with an annual production capacity of 4 million tpy, and added a No.2 furnace with the same capacity ...

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