POSCO sets sights on Paradip for steel plant

POSCO sets sights on Paradip for steel plant

The port of Paradip in India's Orissa state emerged as the front runner for South Korean steel giant POSCO's planned 400 billion ($9.1 billion) steel plant. SteelOrbis had previously mentioned POSCO's plans to establish a 12 million-ton steel plant in Orissa. The company initially focused on Dhamra and Duburi for the plant's location; however, Orissa's Paradip Port is now reportedly the No.1 candidate.