12 Oktober 2010
POSCO Restarts Refurbished 5.3 Mln T Steel Mill

South Korea's POSCO, the world's No.3 steelmaker, said on Friday it has started operation at its refurbished blast furnace with an annual production capacity of 5.3 million tonnes.

POSCO halted the furnace, which previously had a capacity of 3 million tonnes, in July for maintenance work. The upgraded mill in the southeastern city of Pohang was now the biggest blast furnace in Korea and fourth-largest in the world, it said.

Shares in POSCO dropped 1.1 percent vesus a 0.6 percent easing in the broader market.


(Source: SEAISI Website)
http://www.seaisi.org/news/news_view.asp?news_id=2121

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