• The Journal of Asian Finance, Economics and Business
• /
• 제7권12호
• /
• pp.131-138
• /
• 2020

In accordance with huge demand for capital to meet the expansion of steel production, there are more and more steel companies who have officially listed their stocks in HOSE and HNX. One of the key issues in successful initial public offerings and seasonal offerings for these companies is how to make stocks of steel companies become more attractive in the eyes of investors. The purpose of this research is to analyze the determinants of share prices of listed steel companies in Vietnam. This study utilized macro-economic variables, ratios and indicators representing characteristics of steel industry collected from Quarter 1/2006 to Quarter 4/2019 in association with the panel data and the feasible generalized least square (FGLS) model to evaluate the degree of these factors on the share prices. The results of the research show that ROE, Cons_rate, and CO2_rate are three main factors affecting the share prices of listed steel companies. Among which, ROE and Cons_rate have a positive effect, while CO2_rate has a negative effect on the share prices of listed steel companies. It also confirms the relationship between the environmental factor, construction industry factor and the stock prices. This lays foundations for recommendations for the future policies towards environmental protection and sustainable development.

• 유통과학연구
• /
• 제12권6호
• /
• pp.21-29
• /
• 2014

Purpose - This research undertakes to understand the competitiveness of the steel distribution industry of both Korea and China to strengthen Korea-Sino economic cooperation, examines impediments to trade between the two countries to analyze causes which affect trade, and examines improvements in these areas to identify means of trade expansion. Through this survey of a defined period, we can identify the structural factors of trade dependence in the relationship between Korea and China. Research design, data, and methodology - The data were collected from the Korea Traders Association, the Korea Customs Office, and UN Comtrade, from which whole table indexes are calculated. The research methodology uses trade-related indexes to focus on analyzing comparative advantages based on time-series analysis statistics data (2000-2012) by using the analysis index of trade intensity index (TII), the revealed comparative advantage index (RCA), and the trade specialization index (TSI). Results - The export ratio for Korea to China was slightly higher in 2000 at 2.867, and the export ratio for Korea to China was sustained in 2005. However, it diminished gradually, reaching 1.263 in 2012. During the period 2000-2012, the indexes were maintained without any significant change. However, they still remain close to -1. In particular, in 2012 it is the closest it has ever been to -1. Therefore, China has a comparative advantage in export specialization. On the other hand, Korea has a comparative advantage in import specialization. For the research period, all indexes were much lower than 1, which means that Korea has consistently had a comparative disadvantage against China for the past 10 years when compared to other industries, even though it experienced improvement in 2000. Conclusions - The summary of conclusions based on empirical analysis research are as follows: First, per the trade intensity index of industries between the two countries, we conclude that the export ratio index in 2000 is 2.867, which means the export ratio of Korea to China is slightly higher. Furthermore, the ratios of 2.259 and 1.263 held in 2005 and 2012, respectively, meaning that the export ratio of Korea to China was maintained in 2005, but was diminishing gradually as the index in 2012 was 1.263. Second, per the trade specialization index of the steel distribution industry between Korea and China, the value was -0.379 in 2000, -0.368 in 2005 and -0.568 in 2012. Looking at the whole period of 2000-2012, the indexes remained without any significant change. However, they are still moving closer to -1. In particular, in 2012 it is the closest it has ever been to -1. Third, regarding the revealed comparative advantage index of the steel distribution industry between Korea and China, the RCA indexes in 2005 and 2012 are 0.246 and 0.306, respectively, which are still far from 1, even though the index has improved compared to the 2000's value of 0.0001. Therefore, the Korean steel distribution industry is at a significant comparative disadvantage to that of the Chinese steel distribution industry.

• 한국안전학회지
• /
• 제27권5호
• /
• pp.190-195
• /
• 2012

This study is aimed to investigate the occupational safety and health management of contractor company in the steel industry. Many companies now only carry out core functions inhouse and ancillary functions have been outsourced. This results in transferring risk to the contractor. The questionnaire survey was conducted on the suppliers and contractors of steel industry. Data were collected from 29 companies and their 240 contractor companies. From the survey result, it was found that the level of safety and health management is above the average. To strengthen the relationship for safety and health management, the supplier should provide more data and design a curriculum to train workers of contractor company. Also it is needed that the supplier company employ the person in exclusive charge to support contractor.

• 융합경영연구
• /
• 제6권3호
• /
• pp.1-9
• /
• 2018

Purpose - Current society is competitive society. Rules of the game is applied to every kind of aspects not only business but also academic matters. This research is to analyze competitiveness between China and USA by use of trade related data together with revealed comparative advantage index(RCA) including trade specialization index(TSI). Research design, data, methodology - Per economic phase, both China-USA have mutually complementary character. That's why it is significant to analyze this 2 country's important industry. From our economic viewpoint, Both 2 economic powers should cooperate to achieve partnership in the steel business industry under the severe business competition. Results - This paper will provide which country is more comparatively advantage in case international business is held. Especially, steel industry is in a sense technology related business. Therefore, tied-up up-to-date advanced know-how and technology should be developed to be a leader for one of major industries in the world market. Conclusion - Among those various phenomena, this paper categorizes international business and research boundary is international trade contract. It is available to find out how to cooperate securing permanent and reliable business provider and supplier is essential and eminent for the successful accomplishment in the world steel market.

• 한국콘텐츠학회논문지
• /
• 제7권6호
• /
• pp.195-205
• /
• 2007

철강 산업은 자동차, 조선, 가전, 건설 등 전체산업에 기초소재를 공급하는 국가 기간산업으로서 '산업의 쌀'이라 할 만큼 중요한 산업이며, 철강업체들이 경쟁력을 강화하기 위해서는 정확한 효율성 분석이 필수적이다. 본 논문에서는 DEA모형을 이용하여 한국 철강업체들의 효율성을 분석하였다. DEA모형 중에서 CCR 모형과 BCC 모형을 사용하였으며, 분석에 선정된 28개 철강업체들의 2005년도 효율성(CCR, BCC, 규모)과 규모수익성(RTS)을 분석하였다. 또한 분석된 자료를 바탕으로 벤치마킹의 대상을 찾기 위한 포락지도(envelopment map)와 이에 따라 효율적이 되기 위한 목표 값을 제시하였으며, 산업분류를 세분류와 세세분류로 나누어서 각 산업별로 효율성을 파악하였다.

• 한국경영과학회:학술대회논문집
• /
• 대한산업공학회/한국경영과학회 2002년도 춘계공동학술대회
• /
• pp.109-113
• /
• 2002

Steel industry is the most capital intensive and the largest energy consuming industry, which operate huge and complex facilities to supply various steel products as the primary materials to almost every manufacturing industry Major steel products are hot-rolled and cold-rolled coils, plates, and wires that are produced through molten iron making, molten steel making, casting, and rolling. Each process runs in batch between setups and the specifications or bach are different with each other High energy consuming and heavy material handling require careful synchronization or processes, as well. Considering the synchronization or processes, the lot planning and scheduling problem in the integrated steelmaking process rovers the roll grouping with given casts. the sequencing or rolls over time, and the machine assignment and time scheduling or charges and casts. The problem is investigated by dividing it into two cases whether single or parallel machines at the molten steel making and the continuous casting processes. Problem descriptions and solution approaches or each instance are introduced. To test their performance and conformity, implementation or the algorithms and numerical experiments are carried out with real world and constructed data sets.

• Nuclear Engineering and Technology
• /
• 제31권6호
• /
• pp.561-571
• /
• 1999

Microstructure and mechanical properties of five Cr-Mo steels for nuclear industry applications have been investigated. Transmission electron microscopy, energy dispersive spectrometer, differential scanning calorimeter, hardness, tensile, and impact test were used to evaluate the Cr and W effect on the microstructure and mechanical properties. Microstructures of Cr-Mo steels after tempering are classified into three types : bainitic 2.25Cr-lMo steel, martensitic Mod.9Cr-lMo, HT9M, and HT9W steels, and dual phase HT9 steel. The majority of the precipitates were found to be M$_{23}$C$_{6}$ carbides. As minor phases, fine needle-like V(C,N), spherical NbC, fine needle-like Cr-rich Cr$_2$N, and Cr-rich M$_{7}$C$_3$were also found. Addition of 2wt.% W in Cr-Mo steels retarded the formation of subgrain and dissolution of Cr$_2$N precipitates. Hardness and ultimate tensile strength increased with increasing Cr content. Though Cr content of HT9W steel was lower than that of HT9 steel, the hardness of HT9W was higher due to the higher W content. W added HT9W steel had the highest ultimate tensile strength above $600^{\circ}C$. But impact toughness of W added steel (HT9W) and high Cr steel (HT9) was low.w.w.

• 품질경영학회지
• /
• 제28권4호
• /
• pp.106-118
• /
• 2000

We analyze the current quality management status for firms producing steel outfits of ships and develop an efficient QMS appropriate to Korean steel outfit industry. The firms recently obtained ISO 9000 certificates and are located in Pusan ${\cdot}$ Kyungnam district of Korea. The analysis is based on the audit results from ISO 9000 for seven steel outfit firms during last three years. We find out major requirements of ISO 9000 and investigate statistical relationship among major requirements, types of data, and groups of firms by using a statistical package, SAS. Recommendations regarding add-on requirements are suggested to install an efficient QMS in Korean steel outfit firms.

• 기술혁신연구
• /
• 제12권1호
• /
• pp.287-304
• /
• 2004

Since there are various types of technologies in the steel manufacturing industry, steel manufacturers need to adopt the most suitable technology Pricing method contingent on the technology type. Steel manufacturing technologies could be categorized as three groups. First, product and process technologies can enhance sales and contribute revenue increase, DCF method could be recommended. Second, maintenance and quality management technologies are mainly embodied in people, human resource profitability method is more suitable. Third, break-through technologies have great uncertainty in terms of commercialization and commercial success, therefore cost saving method is more reasonable. Finally, a sample case is suggested applying above technology pricing model to a steel manufacturer.

• 한국산업융합학회 논문집
• /
• 제12권4호
• /
• pp.187-192
• /
• 2009

This study is performing a seismic analysis on the steel frames structure with dampers and analyzing the dynamic behavior in order to examine their efficiency and study the optimum dampers position to the seismic design steel structure. To improve the ability against an earthquake, this study performed the time history analysis. Controling an earthquake is the way to minimize the damage of the steel structure by dissipating input energy generated by an earthquake.