POSCO plans to ramp up Dalian presence

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

30 Oct 2009

POSCO of South Korea, one of the world's largest steel mills, has held discussions with senior government officials in the Chinese northeast city of Dalian this week to set up a steel mill at the rapidly industrializing nearby Changxing Island. POSCO would take a significant slice of land on the island, a territory dotted with more and more shipyards including STX Dalian, reportedly the largest shipyard in the world by area space. POSCO has had a manufacturing presence in Dalian since 1995 producing coated steel.

Source: SeaTradeAsia-Online