Posco to Build $350 Million Stainless-Steel Plant in Turkey

By Sungwoo Park

Dec. 17 (Bloomberg) — Posco, the world’s second-biggest maker of stainless steel, said it plans to spend $350 million to build a cold-rolled stainless steel plant in Turkey.

The plant, with a capacity of 200,000 metric tons a year, will be built in Izmit by 2013, the Pohang, South Korea-based company said in an e-mailed statement today.

–Editor: Brett Miller

To contact the reporter on this story: Sungwoo Park in Seoul at [email protected].

To contact the editor responsible for this story: James Poole at [email protected]

via Posco to Build $350 Million Stainless-Steel Plant in Turkey – BusinessWeek.