POSCO Builds Cold-Rolling Steel Mill in China
POSCO Builds Cold-Rolling Steel Mill in China  |
| POSCO, the world's fourth largest steel maker, has wrapped up construction on a cold-rolling steel mill in a joint project with Benxi & Iron Steel Group, one of China's major steel makers. Located in northeastern China, the mill has an annual capacity of 1.8 million metric tons. Cold-rolling mills produce cold-rolled steel plate by hardening and compressing hot-rolled steel plate after processing its surface at normal temperature. POSCO held a dedication ceremony for the new mill in the city of Benxi in Liaoning Province on Tuesday, which was attended by POSCO chairman Lee Ku-taek and the head of Liaoning Province. The mill, 25-percent owned by POSCO, will produce around 800,000 tons of cold-rolled steel plate and 800,000 tons of galvanized steel plate. The metal will be supplied to local auto plants and home appliance factories. "The mill will greatly contribute to the development of industry in northeastern China," POSCO chairman Lee said. |
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