Korea's HRC Production Would Rise by 6% Year on Year to 2 Million Tons in 2014

Shin Hyon-yook, team leader from Posco’s marketing strategy department said that Korea’s production of hot rolled coils (HRC) would rise by 6% year on year to 2 million tons in 2014, driven by increased production capacity by the country’s two major steelmakers Posco and Hyundai Steel.

It’s learned that Hyundai Steel added a capacity of 2.3 million tons at its Dangjin works this year.

Also, Posco will inaugurate its new Finex of 2 million tons per year at its Pohang work in next year. Furthermore, the company will put its new hot strip mill with capacity of 3.3 million tons per year in Gwangyang works into operation later next year.