POSCO
30 April 2024
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
Steel sales in April-June increased by 2.3% q/q
The company also aims to triple consolidated operating profit
More than 60% of the budget or $56 billion will be invested in domestic enterprises, mainly in Pohang and Kwangyang
The company plans to double sales of these products by 2027