POSCO aims to establish more steel processing plants worldwide

Thursday, 20 October 2011 18:01:00 (GMT+3)   |  
       

Major South Korean steel producer Pohang Iron and Steel Co. (POSCO) has announced that it plans to establish a total of over seventy steel processing plants worldwide. At present, POSCO has 41 steel processing plants in 14 countries.

POSCO is focusing on downstream industries in its development strategy, especially on the automobile industry.

With its steel service center commissioned one year ago in Bursa, Turkey, POSCO aims to claim a major share in the local Turkish automobile market, while around 70 percent of products from the center are expected to be exported to Europe. The steel service center has an annual capacity of 170,000 mt.


Similar articles

POSCO’s overseas projects progressing on schedule

30 Apr | Steel News

POSCO and Assan Celik breaks ground for the stainless cold rolling plant in Turkey

28 Sep | Steel News

POSCO’s overseas projects progressing on schedule

30 Apr | Steel News

POSCO and Assan Celik breaks ground for the stainless cold rolling plant in Turkey

28 Sep | Steel News