South Korea’s Posco Builds Chinese Auto Steel Venture With HBIS

Caixin Global | Jun 26, 2021 at 4:08 PM
  • Each side will invest $300 million into the 50-50 venture, constructing a plant that makes galvanized steel sheets to supply China’s growing auto industry.
  • The facility will produce 900,000 tons of galvanized steel sheets a year.
  • A Posco plant in China’s Guangdong province produces 450,000 tons of automotive steel sheets yearly.