Posted on 19 Apr 2010
The achievement has helped Posco-Vietnam establish a stable supply basis to provide the Southeast Asian market with cold-rolled products. The company notes that most of the related plant employees are locals with little experience of high-speed, cold-rolled steel production, which makes achieving the normal production rate and facility stabilization in a short time—while learning skills—even more remarkable.
The cold-rolling mill produced 80,000 tonnes of cold-rolled steel products in March, with an operation rate of 80%—20% higher than projected. Since the beginning of April, the plant has been in full operation, producing 100,000 tonnes of steel.
Steel sales in Vietnam have been growing more than 10% per year, according to Posco, due to the growth of industries such as construction, automobile, home appliances, and shipbuilding. Posco-Vietnam expects to capture a major share of the market and plans to build a 3-million-tonne hot strip mill and a 400,000-tonne CGL plant.
Posco-Vietnam is also working on upgrading its facilities and improving production quality as a first step to producing high-quality steel plates during the second half of this year. The company expects to finish environment- and quality-certification processes by the end of October.
