SEOUL,
Dec. 18 (Korea Bizwire) — South Korean steelmaker POSCO
said Sunday it has resumed operations at a key steel plant after a
three-month-long suspension due to a typhoon.
On
Thursday, POSCO restarted the No. 2 hot-rolled steel production plant in
Pohang, 374 kilometers southeast of Seoul, bringing the number of normalized
plants to 13 out of 18 plants following the natural disaster, the company said
in a statement.
The
No. 2 hot-rolled steel plant processes 5 million tons, or 33 percent, of 14.8
million tons of steel products churned out at POSCO’s integrated steel mill.
Hot-rolled
steel is used in manufacturing high-end cold-rolled, stainless and electrical
steel products.
POSCO
plans to bring the remaining five plants, including the No. 1 and No. 2
cold-rolled stainless steel mills and the No. 1 electrical steel mill, back to
normal by the end of January, it said.
To
minimize the impact of the typhoon on its business, POSCO has increased
production in its steel mill in Gwangyang, 423 km southwest of Seoul, and
imported steel products from overseas.