POSCO to Invest $1.4 Billion in Development, Construction and Operation of Hot-Rolled Steel Coil Production

BANGALORE, INDIA--December 6, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--South Korean integrated steel producer POSCO (NYSE:PKX) (Pohang, South Korea) has announced details of the company's investment plans in its home country. The company is set to invest approximately $1.4 billion to increase production at its Gwangyang steelworks through the development, construction and operation of a new hot-rolled steel coil production line, the Gwangyang No. 4 hot rolling mill.