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Dongkuk Steel shows interest in DSME

Dongkuk Steel shows interest in DSME

Seoul: South Korea's number two steelmaker Dongkuk Steel Mill Co has thrown its hat into the ring to buy the state-controlled Daewoo Shipbuilding and Marine Engineering. The firm follows its larger steel rival, POSCO as well as Hyundai Heavy Industries, STX Group, Hanjin Heavy Industries & Construction all of whom have been connected with purchasing state-run Korea Development Bank's lead 32.1% stake in DSME sometime next year.  [27/09/06]

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