IRON and STEEL
Korea Herald reported that major industrial facilities including Posco’s steel mill and Korea Hydro & Nuclear Power’s nuclear plants operated as normal, despite a 4.6 magnitutde earthquake in Pohang, North Gyeongsang Province.
The southeastern city, home to the country’s largest steelmaker, was hit by a 4.6 magnitude quake at 5:03 AM, 5 kilometers northwest of the city’s northern district at a depth of 9 kilometers.
It was the second strongest quake in the region, following a 5.4 magnitutde quake in November.
Posco’s steel mill in Pohang is running without abnormal signs, the steelmaker said.
On October 2, POSCO held a ceremony at the headquarters of EEW Group in Germany to celebrate the sales of one million tons of thick plates to EEW Group and delivered an appreciation plaque to commemorate the occasion.
Quality, process and plant efficiency will be highlighted with the new pouring reel for special steels in South Korea
In September last month, the Indian steel ministry had initiated talks with Japanese and Korean steel companies for setting up a 5-mtpa steel plant through a joint venture with state-run Rashtriya Ispat Nigam (RINL) in Vizag (Visakhapatnam).
According to the latest reports, amid growing protectionism of U.S against steel imports, one of the key countries that is facing the real brunt is South Korea.
Perth-based lithium developer Pilbara Minerals is preparing to send the first shipment of lithium concentrate from its Pilgangoora project to offtake partners in China.
South Korean steelmaker POSCO has inked a deal to acquire lithium mining rights in Argentina from Australia's Galaxy Resources, in a deal worth $280 million.