POSCO completes the expansion of stainless steel mill
Korean steel making giant POSCO announced that it has completed the expansion at the Zhangjiagang Pohang
Stainless Steel Co. in Jiangsu province
China. The company spent $110 million for this expansion.
Company authorities expressed that they are planning to produce further
stainless steel as from next month.
Company's annual
stainless steel cold rolled coil
production has been increased to 280'000 tons from 140'000 tons by this expansion.
The mill also produces 120'000 tons of
galvanized products but this section was not included the expansion program.