POSCO breaks ground on 450,000-ton 8CGL automotive steel facility

  • POSCO broke ground on the 8CGL automotive hot-dip galvanized steel sheet line.
  • The 450,000-ton annual facility requires 480 billion won, or about $357 million, and targets 2028 completion.
  • The project is POSCO’s first new facility in this segment since Gwangyang’s 7CGL opened in 2017.

POSCO has broken ground on the 8CGL at its Gwangyang Steel Works in South Jeolla Province, investing 480 billion won (about $357 million) in a hot-dip galvanized steel sheet line for automotive outer panels. The facility is targeted for completion in 2028, will produce 450,000 tons annually and lift POSCO’s total hot-dip galvanized steel sheet capacity to 4.95 million tons. It is POSCO’s first new plant in this segment since the 500,000-ton 7CGL was completed at Gwangyang in 2017. The line will be linked to a new electric arc furnace, use ultra-high-temperature heat treatment for electric-furnace steel sheets, and produce wider materials for mid-to-large SUVs and recreational vehicles. POSCO also plans to deploy artificial intelligence and robots to improve production efficiency, quality and workplace safety. The investment supports POSCO Group’s mobility-materials strategy and broader expansion of low-carbon steel production in South Korea, the United States, India and Indonesia.

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