16
Nov
11:52
Posco to increase non-oriented electrical steel capacity
South Korean steelmaker Posco plans to improve its non-grain oriented (NGO) electrical steel capacity to 400,000 tonnes/year by 2025, Kallanish notes.
On Monday, Posco said it will invest KRW 1 trillion ($846 million) from 2022 to build factories to produce 300,000 t/y of this energy efficiency-enhancing steel sheet. The new lines will be installed at its Gwangyang steel plant by the end of 2025. Posco is already o…
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Anonymous
Very good overview of the weekly steel market.
Anonymous