South Korean steel major POSCO plans to set up an integrated steel mill with a capacity of 10 million metric tons per year in Orissa, India.
The project will have a capacity of three million metric tons in the first phase and operations will start by 2009, according to Kang Chang-Oh, Posco’s president and CEO. The steel mills' capacity will be later boosted to 10 million tonnes in the next five years.
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