Hyundai Steel keeps its country -- and others -- building. South Koreas #2 steelmaker (behind POSCO), Hyundai Steel was established in 1953 as the countrys first steel company. Its steel products are used the world ov......Hyundai Steel keeps its country -- and others -- building. South Koreas #2 steelmaker (behind POSCO), Hyundai Steel was established in 1953 as the countrys first steel company. Its steel products are used the world over in everything from rail lines and ship anchors to bridge support mechanisms and power transmission towers. Hyundai Steel operates three production facilities in South Korea and one in China from which it produces about 10 million tons annually. It markets its products to North America, Europe, Africa, the Middle East, and throughout Asia. Though its an affiliate of Hyundai Motor Company, Kia Motors is the companys largest shareholder (21%) and chairman Jung Mong-Gu owns 13%.