DS Steel Co.,Ltd. is a Korea-based company engaged in the manufacture and sale of stainless steel pipes. The Company operates its business through two divisions: pipe division, which provides stainless steel tubes and pipes for industrial purpose, and shipbuilding materials division, which provides pipe spools, heating coils and deck units for shipbuilding. As of December 31, 2011, the Company had one affiliated company, DS STEEL USA.INC.