Day

September 21, 2011

SNNC signing of a MOU for the expansion of the Gwangyang Plant

On 19th September, SNNC signed a MOU (Memorandum Of Understanding) for the capacity expansion project with the Governor of the Jeollanam-do Province, the Lord Mayor of the Gwangyang-city and with the Gwangyang Bay Area Free Economic Zone Commissioner With this MOU, SNNC will increase its annual nickel production capacity from 30,000 tons to 54,000 tons...

SMSP POSCO partnership cited as an example at the International Stainless Steel Summit by Markus Moll, director of Steel & Metals Market Research

“European steel manufacturers must react, warns Moll who suggests three solutions. By 2015, they could proceed with a consolidation, reducing their capacity from 8.3 to 5.7 Mt. This would allow to their production capacity to exceed 80%. Another way is to invest in upstream, which could reduce the price volatility of alloys. Posco, the Korean...

Guarantee of the Northern Province to SMSP

The assembly of the Northern Province voted the resolution granting a partial guarantee to SMSP for the new loan to finance its participation in the Northern Plant construction. For the Northern Province, the success of the SMSP in the Northern Plant project is the insurance to pursue, by rising dividends, its development policy in favor...