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POSCO to Build New Hot-Rolled Steel Coil Production Line at Gwangyang Steelworks

Dec 7 2010

Researched by Industrial Info Resources (Sugar Land, Texas) -- South Korean integrated steel producer POSCO (NYSE:PKX) (Pohang, South Korea) has announced details of the company's investment plans in its home country.

The company is set to invest approximately $1.4 billion to increase production at its Gwangyang steelworks through the development, construction and operation of a new hot-rolled steel coil production line, the Gwangyang No. 4 hot rolling mill.

Source: http://www.industrialinfo.com

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