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POSCO partially resumes stalled blast furnaces following typhoon

Corporate Newsroom 14:25 September 11, 2022

SEOUL, Sept. 11 (Yonhap) -- POSCO, South Korea's top steelmaker, said Sunday it has restarted one of three blast furnaces at its main steel mill, which had been shuttered over Typhoon Hinnamnor last week.

POSCO halted operations of the No. 2, 3 and 4 blast furnaces in Pohang, an industrial city located some 270 kilometers southeast of Seoul, on Wednesday, as the typhoon caused flooding of power supply stations and other related facilities.

Of the three, the No. 3 furnace resumed operation Saturday, and the remainder will be back to normal operations as early as Monday, according to the steelmaker.

POSCO said that recovery work to restore rolling and other affected facilities is now under way as the firm mobilized some 300 officials. The local government and the Marine Corps also sent their personnel and equipment to the mill to support the firm.

It marked the first time for the company to halt operations of its Pohang factory in its half-century history.

POSCO's Pohang steelworks generated 18.49 trillion won (US$13.39 billion) in sales last year, accounting for some 24 percent of the group's total.

POSCO said it will increase production at five blast furnaces in Gwangyang, about 300 kilometers south of Seoul. None of the furnaces in Gwangyang were affected by the typhoon.

Workers remove mud at POSCO in the southeastern city of Pohang on Sept. 7, 2022, in this photo provided by the steelmaker. Many parts of the steel mill, except for a furnace, were flooded by 110 millimeters of torrential rains per hour caused by the super strong Typhoon Hinnamnor that pounded the region the previous day, crippling its operation. The reopening of the plant is expected to require five days. (PHOTO NOT FOR SALE) (Yonhap)


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