POSCO completes the largest steel processing plant in China
According to recent news in the market, South Korean steel giant POSCO has recently completed the largest steel processing plant in
China. The facility will process steel for
automotive sector.
The steel plant in Suzhou, Jiangsu province of
China, with a capacity of processing 200'000 tons of steel is the largest of its kind in
China.
As previously reported by SteelOrbis, the
construction of the plant started in October 2003. POSCO has spent a total of $20 million for the project since then.