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.