South Korean steelmaker POSCO has restored and restarted its cold rolled stainless steel mill No 2 and electrical steel mill No1 in Pohang plant after suspension in September 2021 due to the fire caused by the Hinnamnor typhoon. The cold rolled stainless steel mill No 2 which was restarted on 24 December is expected to help stabilize the supply and demand of stainless steel in the country. The cold rolled stainless steel mill No 2 produces about 70% of the annual cold rolled stainless steel products produced by Pohang Works, while the electrical steel mill No 1, which resumed operations on 30 December, accounts for about 60% of the production of grain-oriented electrical steel products. POSCO had resumed operations at its hot rolled steel production plant No 2 in Pohang after a three-month-long suspension due to Hinnamnor typhoon. The hot rolled steel plant No 2 processes 5 million tonnes of slab, or 33% of 14.8 million tonnes of steel products produced annually by the Pohang Works. POSCO plans to resume the operation of all rolling mills within January by carrying out flood recovery work at the Pohang Works.