Ajusteel Provides Debt Guarantee of 11.8 Billion KRW for Subsidiary

[Asia Economy Reporter Lee Seon-ae] Aju Steel announced on the 20th that it has decided to provide a debt guarantee for facility fund borrowing to support the new business of its 100% subsidiary, ‘AJU STEEL USA, INC.’ The amount is 11.817 billion KRW, which corresponds to 9.27% of Aju Steel's equity capital based on last year's consolidated financial statements.