RoK company begins work on steel mill

The ‘POSCO Specialty Steel', company of the Republic of Korea, began the construction of its new steel mill in the southern coastal province of Ba Ria-Vung Tau on Wednesday.

The steel mill is located in Phu My II Industrial Zone in the Tan Thanh district of Ba Ria-Vung Tau Province on a site of 50ha and with an investment capital of US$594 million.

Its annual production capacity is estimated to be around 1 million tonnes. The project is due to completed by July 2014.

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