According to a senior researcher of Posco, Mr Young-Hwan Kim, Posco is planning to increase its ferrite stainless steel production ratio up to 35% before 2008. Due to the fluctuating nickel price, end-users of stainless steel tend to use ferrite instead of austenite as much as possible. This has prompted Posco to expand the production of ferrite stainless steel. The company currently produces about 2 million tons. Posco is planning to increase that to 3 million tons by 2008. They will also put a new cold rolling mill into production.
