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]
Copyright © 2023. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
