POSCO's automotive steel sheet plant completed in China, annual production scale: 450,000 tons - South Korean report

POSCO, a major steel company, announced on the 19th that it held a ceremony to celebrate the completion of a 900,000-ton-a-year automotive galvanized steel sheet plant it built through a joint venture with Hebei Steel Group based in China's Hebei Province.
expressed. Prior to this, POSCO held a board of directors meeting in May 2021, and in order to sell and expand its automotive steel sheets and build a stable local production and sales system, POSCO will develop a zinc-based construction site in Tangshan City, Hebei Province, China.
The company had approved the establishment of a factory with two production lines for galvanized steel sheets. POSCO and Hebei Steel will each invest $300 million (USD, approximately 44,994,300,000 yen) to establish a joint venture company, Hebei Steel.
Established Pohang. Construction began in January last year, and the first phase, with a capacity of 450,000 tons, was completed on October 19th. The second phase is scheduled to be completed in May 2024.
In addition, POSCO has made Pohang, a galvanized steel sheet factory in Guangdong Province, China, a subsidiary with an annual production capacity of 450,000 tons.
As a result, Hegang Pohang now has an annual production capacity of 1.35 million tons. China is one of the world's largest producers of automobiles and home appliances, and also has the world's largest steel needs. in 2022
China's automobile production volume is 27 million units, and is expected to continue to grow, driven by increasing demand for electric vehicles (EVs).
On the other hand, POSCO opened its Beijing office in 1991 and now has a total of 45 law offices.
Managing people.