POSCO

This step is designed to increase the efficiency of the Japanese steel company's assets

The parties are starting the implementation of the project at the site in Pohang

The company has already put the unit into operation

HyREX hydrogen reduction process is used in production

Investments in maintenance will amount to $385 million, and the unit will be put back into operation in June 2024

The EAF is scheduled to begin operation in 2026

Zeljezara Niksic was put on loan last December

By 2030, the steelmaker expects to complete the commercialization of the HyREX technology

The South Korean company plans to participate in energy and infrastructure restoration projects

The company plans to launch a commercial enterprise with a capacity of 1 million tons per year by 2030

The company plans to meet the growing demand for automotive steel in the country

Repairs are planned at the companies' facilities in Kwanyang and Tangjin