It is reported that the Korean steel giant POSCO firmly believes that POSCO plant's 3rd Finex iron making facilities under construction will be completed in January next year, as planned. However, two construction workers killed in the accident will not affect the construction, and the accident is still under investigation. POSCO owns two Finex equipment, annual production capacity of 600,000 tons and 1.5 million tons respectively. For No.3 equipment began construction in June 2011, was supposed to be completed by June 2013, but early fears overcapacity and Korea steel demand, POSCO's management decided to delay construction.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67801&division=A9
