POSCO Temporarily Closes Several Overseas Coil Processing Centers

A few days ago we reported that POSCO closed several factories in Italy.

To prevent the spread of the COVID-19 epidemic, Posco closed its overseas stainless steel coil processing centers in Italy, Malaysia, the Philippines and India.

According to the requirements of the Italian government, all production activities will be stopped except for the necessary products.

Posco Italy’s stainless steel cold-rolled coil processing center (POSCO-ITPC) located near Verona in northeastern Italy is scheduled to close from March 26 to April 3. The center has a stainless steel processing plant with an annual processing capacity of 40,000 tons.

POSCO-MKPC in Malaysia and POSCO-PMPC in the Philippines have been closed on March 17 and March 18, respectively, and will be closed until the end of March.

In addition, Posco’s coil processing center in India will also be closed until March 31, according to instructions from the Indian local government.