KISCO Holdings Corp. is looking forward to sale of three ERW pipe mills. "We have decided to put all the pipe mills and related coating facilities up for sale," an official from the mill said.

"While we were not the major player in the local pipe market, our input costs were higher (than our competitors') which undermined our profitability in a tough market," an official said. KISCO will hold a briefing for the potential buyer on February 15, 2013. "Foreign buyers can also participate in the sale via their agents in Korea," the official said.