Successive facility investments by Samwon Precision Metals, Daehan Special Steel, Hwachang Steel and Hwain Special Steel are likely to lead to unavoidable cutthroat competitions Stainless cold-rolled narrow-width steel sheet makers are successively starting up the operation of new facilities for the production of stainless cold-rolled steel sheets for high hardness springs, making it predictable to see a round of severe competition to secure the market for electric and electronic precision equipment parts. With the target at the market for cold strips for springs (CSP) that have recently showed a fast increase in demand, four domestic firms -- Samwon Precision Metals, Daehan Special Steel, Hwachang Steel and Hwain Special Steel - - are moving to make large-scale facility investments, offering a challenge to Poongsan which has taken prior occupation in the CSP market.
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