It is reported that Posco, the steel giant in Korean, announced that that the government will soon approve its Finex technology exports to China.

Meanwhile, Posco and Chongqing iron and steel agreed to form a joint venture and build the capacity of 3 million tons of the Finex plant, details are still under discussion at present.

POSCO is also interested in Finex technology exports to India, and Posco also signed a joint venture memorandum of understanding with India cold rolling and galvanizing manufacturers Uttar Sam galvanized steel company (UGSL) on annual production capacity of 1.5 million tons integrated steel mill.

In addition, Posco and Chongqing iron and steel signed a memorandum of understanding established a joint venture company as early as 2010, the Finex process plan is still waiting for Korea the Government approved.