Hanil Iron & Steel Co., Ltd is a Korea-based company engaged in the manufacturing and distribution of steel products. The Company’s products include hot-rolled steel sheets, thick steel plates and section steels used for automobiles, shipping machineries, boilers and construction sector, as well as shot blasts and coils. During the year ended December 31, 2007, the Company had a production capacity of 410,400 metric tons of steel plates and its actual output was 98,287 tons of steel plates. The Company has two domestic factories in Pohang and a domestic factory each in Incheon and Pyeongtaek.