POSCO restarts BF No. 4 at Gwangyang, suspends outcome at some plants in the middle of trucker strike

South Oriental steelmaker Pohang Iron as well as Steel Co. (POSCO) has actually introduced that it has rebooted operations at its blast furnace No. 4 at its Gwangyang steelworks complying with repairs.The upkeep duration lasting a year as well as a fifty percent with a financial investment amounting to KRW 370.3 billion ($287.2 million) will help in reducing air contaminants and also boost cost comsteel strip slittingpetitiveness with the establishment of a clever blast heater system. In the future, POSCO stated it intends to play a leading duty in reducing carbon emissions by lowering coal intake by optimizing the procedure of the blast heating system No. 4. The business, which is approaching accomplishing carbon nonpartisanship by 2050 with the goal of sustainable eco-friendly development, intends to spend KRW 20 trillion ($15.5 billion) by 2026 to transform to a low-carbon, green production system such as boosting the efficiency of the steelmaking process and also investing in green facilities.Meanwhile, neighborhood media repprepainted galvanized steel coil priceorts indicate that POSCO has needed to stop operations at some assembly line at its steel mill in Pohang due to the vehicle drivers' strike which has actually continued for the seventh day. The steelmaker has actually supposedly put on hold production in all four wire rod manufacturing facilities and also at one of two chilly rolled steel plants, which primarily create steel items for home appliances and also premium building materials, leading to a loss of daily cord rod production of 7,500 mt and cold rolled manufacturing of 4,500 mt.The strike jeopardizes resources transportation to steelmakers such as Hyundai Steel as well as Dongkuk Steel too. Hyundai Steel has actually been unable to transfer 9,000 mt of steel products daily, though its production has actually not been cut off yet, SteelOrbis uGangya metalnderstands.

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