Help Desk -
9958816305, 9810335381
Email
Password

POSCO Again Delays Resumption of Blast Furnace

Steel News - Published on Mon, 06 Jul 2020

Image Source: POSCO BF
Yonhap reported that South Korean steelmaker POSCO has again pushed back the resumption date of its third blast furnace due to the global recession sparked by the coronavirus pandemic. POSCO had planned to resume the operation of the third blast furnace in Gwangyang in late May following its repair and maintenance work, but it delayed the resumption date to the end of June. The company, however, said no decision has been set yet on when it will resume the operation of the third blast furnace in Gwangyang, about 420 kilometers southwest of Seoul.

The move came as demand from automakers, construction companies and shipbuilders declined due to the COVID-19 pandemic.

POSCO has five blast furnaces in Gwangyang and four blast furnaces in Pohang, about 375 kilometers southeast of Seoul. The other eight blast furnaces are up and running.

Source :

Posted By : Yogender Pancholi on Mon, 06 Jul 2020
Related News from Steel segment