South Korea’s top steelmaker Posco held a ceremony to mark the increased capacity of its steel mill for the production of high-end Hyper No, a grain-oriented electrical steel, the firm said Monday.
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Posco Chairman Kwon Oh-joon (sixth from left) attends a ceremony held in Pohang, North Gyeongsang Province, Monday. (Posco) |
The ceremony took place at the company’s steel mill in Pohang, North Gyeongsang Province, and was attended by some 100 related officials including Posco Chairman Kwon Oh-joon.
The facility has the capacity to produce some 160,000 tons of grain-oriented electrical steel annually, the firm said.
Such steel is used to make household electrical appliances such as refrigerators and vacuum cleaners. Grain-oriented electrical steel is also needed to make motors installed in eco-friendly vehicles.
“There is a growing demand for eco-friendly cars and household electrical appliances. The expanded facility will enable us to respond to the market’s needs,” Kwon said at the ceremony.
By Kim Bo-gyung (
lisakim425@heraldcorp.com)