POSCO Breaks Ground for Another Electrical Steel Plant

SEOUL, April 22 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, on Friday broke ground for a new steel plant amid rising demand from automakers and home appliance makers. POSCO will spend 1 trillion won (US$805 million) in building the plant in the southwestern port of Gwangyang, which will have an annual production capacity of [...]