Shin Steel Co., Ltd.
KKRX:1623001,874.00
KRW
-112.00
(-5.64%)
ISIN
KR7162300008
Return %
Stock
S&P 500
1Y
-2.34
14.39
3Y
-34.25
81.42
5Y
- -
68.62
Capital Structure
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•
in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
KRW
•
in mil. unless spec.Quarterly Revenue
KRW
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
KRW
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in mil. unless spec.Company Description
- CEO
- Seung-Gon Shin
- Full Time Employees
- 53
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- Busan South Korea
- IPO Date
- Dec 23, 2022
- Website
- shin-steel.com
- Similar Companies
- Business
- Shin Steel Co., Ltd. is a South Korea-based steel processing, service center, and international distribution company engaged primarily in the procurement, customized processing, and global supply of flat-rolled steel products. Established in April 2005 and headquartered in Busan, South Korea, the company operates as a specialized steel service center (SSC) that connects major primary steel manufacturers—including POSCO, KG Steel, Dongkuk Steel, and Hyundai Steel—with multinational end-users across the home appliance, automotive, electronics, and construction sectors. The company's product and service offerings comprise: pre-painted metal (PCM) and vinyl-coated metal (VCM) sheets utilized primarily for premium exterior panels of refrigerators, washing machines, and air conditioners; cold-rolled steel (CR) coils and sheets designed for precision drawing and stamping; hot-dip galvanized steel (GI), electro-galvanized steel (EGI), and galvannealed steel (GA) engineered for high corrosion resistance in automotive components and architectural frameworks; stainless steel (SUS) coils and sheets for specialized industrial and decorative use; electrical steel (silicon steel) sheets utilized in electric motors, transformers, and electronic cores; aluminum-coated steel (Alcot) and tinplate products; as well as value-added steel processing services including precision coil slitting, cut-to-length shearing, leveling, blanking, surface inspection, and specialized export packaging. Shin Steel operates an international distribution network covering key industrial markets across Asia, North America, Central and South America, the Middle East, and Europe. The company maintains domestic service centers in Busan and Dangjin, supported by overseas operating subsidiaries and partnerships, including Shin Steel Thailand Co., Ltd., SHIN STEEL MEXICO S.A. de C.V. in Monterrey, and ES Steel Company for Metal, a manufacturing joint venture established in Egypt with the El-Araby Group. In recent corporate and operational developments, Shin Steel completed the construction and commissioning of its new steel coil processing facility in Monterrey, Mexico, establishing a local manufacturing footprint with an estimated annual capacity of 72,000 metric tons to support North and Central American automotive and appliance supply chains. Following its listing on the KOSDAQ market (KRX: 162300) via a merger with Hana Financial 15th SPAC, the company expanded domestic production infrastructure through the addition of a second plant in Busan, initiated preparatory steps for the local initial public offering (IPO) of its Thai subsidiary, implemented shareholder value enhancement measures including share repurchase trust agreements, and accelerated its strategic diversification from consumer electronics casings into automotive structural components and green mobility applications.