Posco Expands Production Capacity for Premium Automotive Steel
South Korean steelmaker Posco Holdings is investing KRW 480 billion (US$360 million) to expand its production capacity for premium automotive galvanized low-carbon steel. The company has started construction of an eighth continuous galvanizing line at its Gwangyang Steelworks, which will become operational in 2028 with a yearly output of 450,000 metric tons. This expansion is expected to raise Posco's total annual production capacity for galvanized steel sheets to 4.95 million metric tons. The investment aims to meet the growing demand driven by increased sales of high-end and larger vehicles that require corrosion-resistant materials like hot-dip galvanized steel panels. The new facility will integrate AI technologies, enabling real-time analysis and adjustments in production processes to minimize defects and enhance quality control. Posco's president emphasized this move as a strategic step to strengthen the company’s competitiveness in the evolving global steel market. The project is part of broader efforts at Gwangyang Steelworks that include an electric arc furnace and advanced automation, reflecting Posco's commitment to technological leadership.
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Topics: AI Integration Automotive Industry Capital Expenditure Steel Production