Tag: Posco
Posco to commission new HR mill
Posco’s stainless mill in China, Zhangjiagang Pohang Stainless Steel Co., is set to commission its 600,000tpy hot rolling facility at its Zhangjiagang works in eastern Jiangsu province in July, with trial production scheduled to start in June, a company source told MB.
SS price cuts
Posco is reported to have confirmed that it cut prices for its stainless steel products by 15 to 20% in response to weak global steel prices.
Ferrite SS increase
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.
Indonesia: LNG project
BP Plc and its partners plan to sign up liquefied natural gas customers by August in the USA and South Korea, allowing them to go ahead with a USD 5 billion project in Indonesia.
Stainless plant in Shanghai?
Korean steel group Posco is considering raising loans to build a stainless steel plant in Shanghai.
Chinese growth in stainless production
Rapidly growing demand for stainless steel in China has been providing mills in Asia and elsewhere with a market for a sizeable portion of their output.