New POSCO Plant to Produce Steel for Use in Eco-friendly Vehicles

SEOUL, Nov. 17 (Korea Bizwire) — South Korea’s top steelmaker POSCO has announced plans to build a new plant to produce advanced electrical steel for motors of eco-friendly vehicles. At a board meeting held last week, the company resolved to invest about 1 trillion won (US$845 million) to build an electrical steel plant with an [...]