POSCO completes expansion of wire rod mill No. 4

South Korea-based steelmaker POSCO has announced that the expansion of its Pohang Steelworks wire rod mill No. 4 has been completed and the production of high quality wire rod has started. With the additional 700,000 mt of annual capacity, POSCO now has 2.8 million mt of annual wire rod production capacity.
 
According to POSCO, the wire rod mill No. 4 will produce high quality products including extremely high strength spring steel and high strength wires for deep sea development which steel companies in China have found it difficult to produce. The company expects KRW 27 billion ($23.87 million) in annual import replacements by expanding supply amounts of automobile lightweight parts and high-functional parts which are rapidly increasing in demand.