SHIN HONAM STEEL CO.LTD.

Shinhonam Iron & Metal, the pacesetter of the domestic Iron & Steel industries, was founded in Honam area. From the beginning, It recognized very early the wisdom and value of recycling increasingly scarce re-sources in an efficient and economical way for our customers and the general public alike. Shinhonam Iron & Metal operates one of the largest non-ferrous scrap processing plants on the size of 3,000 py7Yng in the Honam area We have anticipated change -- sometimes simple and occasionally dramatic -- but always with an eye to people and the future. The materials we handled in the past have paved the way for the development of other Korean Iron & Metal divisions.The focus of Shinhonam Iron & Metal will always remain the same -- recycling the metals of today and tomorrow in the most  

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efficient and environmentally safe manner...whatever the size, shape, composition, or processing requirements. Our participation in planning today (with our customers and with the community) allows us to anticipate your recycling needs for tomorrow and be ready with the equipment and facilities before tomorrow arrives. The initiative taken by employees in every position of the company creates the personal service you so well deserve. Our willingness to listen to new ideas makes us do our best to benefit you and/or your company.