South Korean steelmaking company «Pohang Iron and Steel Company» started to build a plant for the production of stainless steel in Vietnam and announcing their own plans for investment in the start-up of production of cold-rolled «stainless steel» in Turkey.
Vietnamese factory will be built in the south of the country, and, according to forecasts of experts, at the beginning of 2112 will be able to produce more than 230 thousand. Tons of cold-rolled stainless steel. Two years later the volume of metal produced in this metallurgical plant «will overcome the bar» at 280,000 tons.
The plant, which «Pohang Iron and Steel Company» is planning to launch in Turkey, will have a similar capacity. This stainless production could supply the world market of about 200 thousand. Tons x / to leaf roll doped metal. As reported by the media staff of the department for relations with «POSCO» of public investment in this venture can be as high as $ 350 million.
Such actions management «Pohang Iron and Steel Company», one of the five largest manufacturers of the industry, talk about the seriousness of the intentions of the organization to strengthen its leading position in the «steel» the market. Earlier, the press reported plans of the South Korean holding company management regarding the construction of a powerful steel plant at home. For this project, managing the investment portfolio «POSCO» planned to spend $ 1.4 billion.