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POSCO Electrical Steel Plant Enters Service
01/03/2024 - POSCO has wrapped up the first phase of construction on a US$767 million non-oriented electrical steel plant, The Korea Times reports.
“As a global leading supplier of high-efficiency electrical steel, we will continue supporting the success of our clients,” POSCO Group chairman Choi Jeong-woo said, according to the publication. “POSCO will also expand investment in eco-friendly sectors, so we can achieve the vision of carbon neutrality.”
Once a second phase of construction is completed by the end of this year, the plant will be able to produce 300,000 metric tons annually.
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