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Metals & Minerals

POSCO Details $40 Billion Investment Plan, an Industrial Info Market Brief

Last year, South Korean steel maker POSCO announced a $40 billion investment plan for 2019-2023

Released Friday, February 08, 2019

POSCO Details $40 Billion Investment Plan, an Industrial Info Market Brief

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Last year, South Korean steel maker POSCO announced a $40 billion investment plan for 2019-2023, which amounts to 2.5 times more capital spending than in the last five years. Projects include a 50-megawatt (MW) addition to a floating solar power plant and an upgrade to gas-fired power units at a blast furnace.

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