KG Steel Co., Ltd. (Korean: KG스틸 주식회사) is a South Korean multinational corporation that produces steel-related and cold-rolled products.

In 2013, the Korea Development Bank attempted to restructure the Dongbu Group, but its attempts resulting in slumping business.^[1] Dongbu Steel reached an agreement with creditors to undergo a debt workout program.^[2] Creditors tried to support Dongbu Steel with a variety of measures such as 600 billion won in support.^[3] The creditors then attempted to sell Dongbu Steel, but had trouble finding bidders.^[4] Dongbu Steel then sold off an electric furnace used for steel production.^[5] In May 2016, Dongbu Steel was taken off sale.^[6] In 2019, the company was acquired by a consortium led by KG Group companies and Cactus Private Equity.^[7]