October 12, 2008

POSCO may produce 200 series SS products

YIEH reported that South Korean POSCO is considering producing 200 series stainless steel. Currently South Korea imports around 5,000 tonnes to 10,000 tonnes of 200 series stainless steel products per month.

By producing 200 series, POSCO would ease the pressure of nickel costs and they will possibly supply these products to some domestic pipe makers.

BNG Steel and INI Steel are also producing the low nickel steel while imports are mainly from Taiwan and India.