Posco halts Zhangjiagang Pohang Stainless on bleak demand

摘要

South Korea's Posco has halted production at Zhangjiagang Pohang Stainless Steel in China on bleak market demand, a company spokeswoman told MB. Production was halted late in October, she said, denying that Posco plans to retire the facility altogether. Zhangjiagang Pohang Stainless Steel is part of Posco's three stainless steel facilities, with a capacity of 1 million tpy of crude stainless steel.