POSCO starts construction of its sixth automotive sheet plant

Monday, 06 September 2004 15:32:20 (GMT+3)   |  

POSCO starts construction of its sixth automotive sheet plant

South Korean steel producer POSCO has recently announced that it started construction of its sixth automotive steel sheet plant in Gwangyang, South Jeolla Province. The company officials stated that when the continuous galvanized plant, which is expected to produce 400'000 tons per annum, is completed in May 2006, automotive steel sheet-producing capacity at Gwangyang mill of POSCO will increase to 2 million tons. Meanwhile, currently POSCO operates four galvanized steel plants and the fifth one is scheduled to be completed by October 2005. For the project, POSCO will invest Won 190 billion ($165 million). The capacity expansion is stated to be advantageous for local automotive sector.

Similar articles

Mexican HDG prices rise with demand

24 Jul | Flats and Slab

Angang Steel’s CR project in Putian to start trial production in March

21 Feb | Steel News

MMK launches production of a new class of high-strength steels

18 Jan | Steel News

Prices trend neutral for US domestic HDG

20 Sep | Flats and Slab

US domestic HDG market trending neutral despite increase announcement

13 Sep | Flats and Slab

US domestic mills attempt price increase for HDG

06 Sep | Flats and Slab

Weekly US roundup: Flat mills jump the gun with price increases

06 Sep | Steel Matters

Italian welded pipe prices follow a downtrend

13 Nov | Tube and Pipe

European flat steel market already looking ahead to 2010

13 Nov | Flats and Slab

NLMK commissions new HDG line No. 4, expands product mix

22 Oct | Steel News

Marketplace Offers

HDG Coil
Thickness:  1.1 mm
Width:  1,000 mm
Coil:   R
DX51D+Z70
YÜCEL BORU VE PROFİL END. A.Ş.
Galvanized Cut-To-Length Sheet
Thickness:  0.25 - 2 mm
Width:  700 - 1,300 mm
Length:  400 - 3,000 mm
YILDIZ DEMIR CELIK
Galvanized Slitted Coil
Thickness:  0.25 - 3 mm
Width:  20 mm
Coil:   R
YILDIZ DEMIR CELIK