Inside Posco's $474m bet on greener steel

GWANGYANG, Jeonnam-Gwangju — Overlooking the extensive 21.48 million-square-meter Posco Gwangyang Steelworks — the world’s largest single steel mill — a massive sky-blue facility stands out against traditional blast furnaces. This 600-billion-won ($474.19 million) electric arc furnace, completed in June, is a vanguard of the steelmaker’s green transformation. With an annual output of 2.5 to 2.8 million metric tons — ranking it among the top four worldwide — the green arc furnace serves as a crit

Source: The Korea Herald