Korea Times reported that although South Korean POSCO is yet to resume production at the No 2 hot strip plant at Pohang steel plant, which was hit hardest by the typhoon, its workers have almost finished clearing away the mud and water in collaboration with Pohang residents, firefighters, soldiers and other companies here and overseas, with the aim of resuming the production line's operations by the end of this year. POSCO's senior workers said that the management's unprecedented decision to halt operations completely made it possible to normalize the steel mill quicker than expected. They said the factory's important facilities were able to avoid heavier damage, such as explosions. An official said “As the management ordered the workers to cut the power supply before the flooding, I was able to fix the main motors for rolling mills, instead of waiting for more than a year for new motors.” In order to minimize the inconvenience to its clients and to stabilize the market, POSCO has also continued supplying its steel products through its other steel mills in Gwangyang, South Jeolla Province, and in other countries, such as China and Indonesia. For materials, facilities and equipment suppliers hit by the typhoon, the steelmaker has extended loans at lowered interest rates.
Korea Times reported that although South Korean POSCO is yet to resume production at the No 2 hot strip plant at Pohang steel plant, which was hit hardest by the typhoon, its workers have almost finished clearing away the mud and water in collaboration with Pohang residents, firefighters, soldiers and other companies here and overseas, with the aim of resuming the production line's operations by the end of this year. POSCO's senior workers said that the management's unprecedented decision to halt operations completely made it possible to normalize the steel mill quicker than expected. They said the factory's important facilities were able to avoid heavier damage, such as explosions. An official said “As the management ordered the workers to cut the power supply before the flooding, I was able to fix the main motors for rolling mills, instead of waiting for more than a year for new motors.” In order to minimize the inconvenience to its clients and to stabilize the market, POSCO has also continued supplying its steel products through its other steel mills in Gwangyang, South Jeolla Province, and in other countries, such as China and Indonesia. For materials, facilities and equipment suppliers hit by the typhoon, the steelmaker has extended loans at lowered interest rates.
