Sumitomo may win hot coil sales through Dongbu link-up

摘要

The next few months Will reveal whether the plunge in hot coil orders placed with the major Japanese integrated mills by South Korean re-rollers and pipe makers for December shipment onward has affected Sumitomo Metal Industries as badly as it has its several of its counterparts. A soft landing for SMI is possible following last week's agreement by Sumitomo Corp to purchase 11m preference shares in Korean re-roller Dongbu Steel for 5,000 Won per share - an equivalent investment of about