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BNG STEEL (004560)   STOCK
 
Address 66,SINCHON-DONG, CHANGWON-SI, GYEONGNAM
Home Page www.bngsteel.com
Established 1966. 4. 7 Tel 055-268-4114
Listed 1987. 3.24 IR
Common shares O/S 15,078,811 President Yu,Hong Jong/Jeong,Il Seon
Preferred shares O/S 109,852 No.of Employees 492(2007. 6)
Sales increased sharply over the preceding year same period with growth of downstream industries, price rise and sales volume increase of stainless steel sheet. Operating income increased over the preceding year same period with rising product prices while fixed cost decreased with sales growth though material prices increased. Cash flow is smooth with inventory decreased and trade payables increased as low-price raw materials and product inventory have been sold at high prices.
Growth will continue with growing sales thanks to growth of shipbuilding and construction industries and enhanced sales capabilities of 400 series products. Profit will increase as fixed cost will decrease with enhanced productivity and sales growth though price will hardly rise as international nickel price rise slows down. Price competitiveness will be enhanced as steel price will rise as China controls steel exports and currency revaluation slows down.
(date: 2007.06, unit : %)
Name HYUNDAI STEEL Jeong Ilseon Jeong Munseon
Portion 41.1 2.5 1.7
(unit : %)
Sales Stainless Steel Plate 99.9 Cost Raw Materials
Labors
Overhead
(Unit : 100Mn.Won,Won)
Year ~99.12 01. 1 01. 1 03.11 ~06.12
Type CB CR RI RI CB
Amount 182.49  - 201.28  187.78  236.73  128.15