UPDATE 1-Hyundai Steel to build $5.5 bln steel plant

Newswire

(Adds details, shares, quote) By Kang Shinhye DANGJIN, South Korea, Oct 27 (Reuters) - South Korea's Hyundai Steel Co. , a unit of Hyundai Motor Group, said on Friday it would build a 5.24-trillion-won ($5.52 billion) steel mill as it seeks to ensure stable steel supplies for the auto maker. The country's No.2 steel maker after POSCO said the mill would have a capacity of 7 million tonnes when it is completed in 2011. It also plans to invest an additional 2.26 trillion won to expand ...

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