South Korean steel firms consider building plants in the U.S.

South Korea's steel industry is in a state of emergency after U.S. President Donald Trump announced a 25 percent tariff on all steel imports. Some South Korean steelmakers have said they are considering building new steel plants in the U.S. Hyundai Steel is considering a $7 billion investment in the southeastern U.S. to build a steel plant to produce automotive steel sheets.

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Qianben Steel (Hebei) Co., Ltd. is located in the core base of China's iron and steel industry--Tangshan City, Hebei Province, which is a modernized iron and steel industry integrating steel production, processing and trading.

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