[POSCO to Invest $359 Million in New Automotive Steel Line]

Published: Sep 9, 2026 17:01

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POSCO will invest $359 million to build a continuous galvanizing line for automotive steel at its Gwangyang integrated steelworks. The facility will have an annual production capacity of 450,000 tonnes and become the site’s eighth continuous galvanizing line, raising POSCO’s total hot-dip galvanized steel capacity from 4.5 million tonnes to 4.95 million tonnes per year. It will focus on steel for automotive outer body panels.

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