Reportedly, this Septembr South Korean Hyundai Steel, Hysco, has started its eighth overseas steel service center in St. Petersburg, Russian with annual capacity of 240,000 tons to supply its local automobile plant.

The total sales of its eight overseas steel centers were US$ 1.26 billion in the first nine months, accounting for 25% of its total revenue.

Besides, Hysco now is building its steel center in Brazil to supply its local auto plant.