POSCO’s Pohang steel mill fully recovers from typhoon damage

The steelmaker earlier said it didn’t expect its typhoon-hit factories to return to normal until end-March 2023

A POSCO employee checks stainless steel products rolling out of the mill in Pohang
A POSCO employee checks stainless steel products rolling out of the mill in Pohang
Kyung-Min Kang 1
Jan 19, 2023 (Gmt+09:00) Kkm1026@hankyung.com
Steel

POSCO Holdings Inc., the holding company of South Korea’s largest steelmaker, said on Thursday all its steelmaking facilities hit by Typhoon Hinnamnor in September have been fully recovered, set for normal operations from Friday.

Fifteen hot rolling mills at Pohang Steel Works in the southern port city of Pohang, North Gyeongsang Province, were already recovered in December.

The remaining two plants – the plating CGL factory and a stainless-steel cold rolling mill – returned to normal as of Thursday, it said.

POSCO employees at its Pohang plant
POSCO employees at its Pohang plant

POSCO said in December it was able to restore part of its steelmaking facilities earlier than expected thanks to India’s JSW Steel Ltd., which provided it with components manufactured for its own hot rolling mill.

Hot-rolled products are used in various industries such as the construction, automobile and oil sectors. POSCO produces hot-rolled steel at a plant in Pohang and another in Gwangyang that was not hit by the typhoon.

POSCO employees remove mud at its Pohang plant flooded by Typhoon Hinnamnor
POSCO employees remove mud at its Pohang plant flooded by Typhoon Hinnamnor

The superstorm forced the company to shut down all three of its blast furnaces in Pohang for the first time in 49 years while many parts of the steel mill, including power lines, were flooded.

POSCO earlier said it didn’t expect the typhoon-hit factories in Pohang to fully normalize until the end of March 2023.

Write to Kyung-Min Kang at Kkm1026@hankyung.com
In-Soo Nam edited this article.
#POSCO #Korean steelmakers #Pohang Steel Works #typhoon #Typhoon Hinnamnor #JSW Steel #furnaces #hot rolling mill

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