Pohang POSCO (BOF) steel plant Report

Asset Report 19 April 2023

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Report summary

POSCO's Pohang works ranks as one of the largest integrated steel plants in the world. Over the years the plant has been gradually expanded to its current 15.5 Mtpa crude steel capacity via the BOF route. The integrated steel plant produces hot and cold rolled coil, steel plate and wire rod. Sinter dominates the blast furnace burden mix accounting for 77% of the iron ore charge. As well as the traditional blast furnace route, Pohang also produces hot metal via the alternative iron-making Finex process.

Summary
Key issues
Iron Ore
Coal
Metallics
Energy
Capital costs
Operating cash costs

Tables and charts

This report includes 13 images and tables including:

Detailed map
Participation
Steel plant overview

Key raw materials rates
POSCO's interest in iron ore assets, with remaining marketable reserves as of January 2015
POSCO's interest in coal assets
Downstream products
Finished steel production
Production table (Mt)
Capital costs
Total operating cash costs - Finished steel
Operating cash cost table