BEIJING--August 25, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--HBIS Group (Shijiazhuang, China) is setting up a joint venture with POSCO (NYSE:PKX) (Pohang-si, South Korea) to build a plant in Leting (Laoting) County of Tangshan, in China's Hebei province. HBIS and POSCO are leading players in the global steel industry.