Steel Flower Co., Ltd. is a Korea-based company engaged in the manufacture of steel pipes. The Company manufactures carbon steel pipes and alloy steel pipes, which are used for piping of steam, air, water, oil and gas with relatively lower pressure; structures, including engineering works, buildings, steel towers, scaffolds, piles, rails, fences and pillars, and pipelines for transferring oil and gas. It also engages in the sale of stainless hot rolled (HR) coils and other processing business. As of December 31, 2011, the Company had eight affiliated companies.