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Posco to Build No. 4 Hot-Rolling Mill at Gwangyang

12/01/2010 - Posco recently decided to build the Gwangyang No. 4 hot-rolling mill and a new cold-rolling mill in India to increase its supply of hot-rolled steel coil to cold-rolling steel companies in the country, and to ensure stable material supply for overseas investment companies.

Posco recently decided to build the Gwangyang No. 4 hot-rolling mill and a new cold-rolling mill in India to increase its supply of hot-rolled steel coil to cold-rolling steel companies in the country, and to ensure stable material supply for overseas investment companies.
 
Gwangyang No. 4 hot-rolling mill will produce 3.3 million tonnes of hot-rolled steel products per year. Construction is expected to commence in September 2011 and be completed by January 2014. Slabs will be supplied by reinforcing the steelmaking and casting capabilities within Gwangyang.
 
The No. 4 hot-rolling mill will meet demand for high-quality steel products such as automobile steel plates, oil steel pipes, high-strength steel, wide strip steel to cover the deficit in materials for the cold-rolling industry in the country, and the leftover materials will be exported to overseas subsidiaries and customers in South East and West Asia.
 
Once the No. 4 hot-rolling mill is completed, it will replace supply of the imported high-quality steel from overseas such as Japan. The production capacity for hot-rolled coil will increase from 23.54 million tonnes to 26.84 million tonnes per year.
 
The cold-rolling mill, which will be built in Vile Bhagad Industrial Complex in Maharastra, will produce 1.8 million tonnes of high-quality cold-rolled steel plates per year, concentrating on automobile steel plates. Construction for the mill is expected to start in November 2011 and end in December 2013. The hot-rolled products used in this mill will mostly be supplied from Gwangyang No. 4 hot-rolling mill.
  
By 2018, the demand for cold-rolled steel products in the automobile and other industries of India is expected to gradually increase by 12.5%, according to Posco.