South Korea's POSCO to resume normal operations at Pohang works from 10 Sept'22

South Korean steel giant POSCO recently witnessed disruptions in its operations amid the outbreak of fire as well as flood caused by Typhoon Hinnamnor at its Pohang works, as a result of which steel and iron scrap supply in the East Asia regions were impacted. However, the blast furnaces were not directly affected but the operations were temporarily suspended till the power supply is restored.

POSCO decided to allocate production of slabs and other products to Gwangyang works for the time being, till it restores normal operation at Pohang works.

The restoration work against the damage caused by typhoon is under progress and the operations at the three blast furnaces at Pohang works is expected to be resumed from 10 September while the iron and steel making substations will be restarting from today, followed by restoration of desalinated water facilities and LNG power plants. The steel major aims to recover operations at its rolling station by 10th of this month.

The flood has also damaged the underground facilities like drainage system at the steelworks, which is likely to be recovered during the Chuseok holiday.

The Pohang steelworks has three blast furnaces of 5,000 cubic meters each, with an annual production capacity of 15 mnt of crude steel. Like Gwangyang works, it is the world's largest single steelworks. While Gwangyang's main products are steel sheets for automobiles, Pohang is characterized by the production of various products such as thick plates and wire rods in addition to thin sheets.

Note: This article has been written in accordance with an article exchange agreement between Japan Metal Daily and SteelMint.