POSCO has held discussions with senior government officials in the Chinese northeast city of Dalian this week to set up a steel mill at the rapidly industrializing nearby Changxing Island.

POSCO would take a significant slice of land on the island, a territory dotted with more and more shipyards including STX Dalian, reportedly the largest shipyard in the world by area space. POSCO has had a manufacturing presence in Dalian since 1995 producing coated steel.

(Sourced from www.seatradeasia-online.com)