.gif?width=220&height=220&mediaprotectionhash=27a2c7b682a980edd98804d5ef3ab0afa2e746bbcbde7192e62ce4a3fe797500&ext=.gif)
POSCO Breaks Ground on Electrical Steel Mill
04/22/2022 - The South Korean steelmaker broke ground today on a 1 trillion won (US$805 million) steel plant in the southwestern port of Gwangyang, according to The Korea Times.
The 300,000-tons-per-year plant will produce non-oriented electrical steel to satisfy rising demand from the automotive and home appliance markets, The Korea Times reports.
The company currently produces 100,000 tons of non-oriented electrical steel annually.
The new plant is expected to be complete in 2025, according to POSCO.
