It is reported that POSCO will continuous to do for its overseas investments, especially on auto sheets and stainless steel cold rolled coils.

As per repot, the company will invest KRW 8.9 to KRW 9.5 trillion in 2012, in which about KRW 4.5 to KRW 5.1 trillion on facility upgrade.

Its target is to raise the total flat products annual capacity to about 9.1 million tonnes by 2014 from the current quantity of 5.25 million tonnes a year.

In 2012, the first completion of its overseas production will be the expansion at POSCO Vietnam Stainless Steel, POSCO VST, with annual capacity of 150,000 tonnes.

(Sourced from www.yieh.com)