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POSCO resumes No. 2 cold-rolled stainless steel mill & No. 1 electrical steel mill in Pohang

11 Jan 2023 15:24 reported by Joy Liu

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South Korean steelmaker POSCO has resumed production at its No. 2 cold-rolled stainless steel mill and No. 1 electrical steel mill in Pohang, which were suspended due to a fire caused by Typhoon Hinnamnor in September last year.

The No. 2 cold-rolled stainless steel mill, accounting for 70% of Pohang Works’ annual cold-rolled stainless steel production capacity, was restarted last December 24, which was expected to stabilize the domestic stainless steel supply and demand.

The operations of the No. 1 electrical steel mill were resumed on December 30. It accounts for about 60% of the capacity of grain-oriented electrical steel products.

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