You are here: Home > Steel News > Latest Steel News > POSCO...

POSCO breaks ground for continuous galvanizing line in Thailand

Tuesday, 28 October 2014 11:32:20 (GMT+3)   |   Istanbul
       

South Korean steelmaker POSCO has announced that it has broken ground for its continuous galvanizing line (CGL) to produce quality galvanized steel sheet for automotive applications in Rayong Province, Thailand. The new line with an annual output capacity of 450,000 mt is scheduled to be completed by June 2016, expanding the company's basis for global automotive steel sheet production.

According to POSCO, Thailand is rising as the biggest automotive production base in Southeast Asia, with an annual production capacity that has increased to 3.2 million vehicles in the wake of facility addition/expansion by automakers in the past three years. JFE and Nippon Steel & Sumitomo Metal (NSSMC) of Japan recently completed and subsequently began operation of a continuous galvanizing line in Thailand.

Judging that there would be consequent challenges to continuing to export automotive steel sheets to Thailand, POSCO decided to build a continuous galvanizing line on site in Thailand in a bid to make a greater dent in the automotive steel sheet market in Southeast Asia, including Thailand.

Upon the completion of the new continuous galvanizing line in Thailand, POSCO`s overseas automotive steel sheet production capacity will jump to 2.2 million mt per year.
 


Similar articles

US HDG exports down 13.7 percent in September from August

13 Nov | Steel News

Coated and CRC prices in Turkey pulled down by low demand, weak HRC prices

12 Nov | Flats and Slab

Tosyalı-Toyo starts trial production at tin production capacity increase project

12 Nov | Steel News

Baosteel keeps its HRC price stable for December

12 Nov | Flats and Slab

US steel exports down 11.3 percent in September from August

12 Nov | Steel News

US flat steel pricing flat to lower as market considers sideways to down November scrap call

08 Nov | Flats and Slab

CRC and HDG prices stable in Europe amid sluggish demand

08 Nov | Flats and Slab

Turkish flats market remains weak, HRC prices soften only slightly

07 Nov | Flats and Slab

Flat steel prices in local Taiwanese market - week 45, 2024

07 Nov | Flats and Slab

Ex-India HDG prices decline amid low trade volume

07 Nov | Flats and Slab