South Korean steel maker to start production next April

Posted on 31 October 2012

Istanbul, 29 October 2012 – Pohang Iron and Steel Company, a leading South Korean steel maker, is due to start production in Turkey in April 2013. According Assistant General Manager, Jong Won Kwon, the company is expecting to produce 200,000 tons in its first year of operation. According to Kwon the Company’s “investment in Turkey will reduce Turkey’s import dependency on steel products and will lead to price drops” adding the Company’s “invest competitiveness will help reduce Turkey’s foreign trade deficit. Our plant is able to supply more than half of the domestic demand”. Source: Invest in Turkey

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