Posco announced that it is shutting down its first steel wire rod plant in Ulsan after 45 years of operation as cheap foreign ...

South Korea's largest steelmaker, Posco Group, shut down one of its steel wire rod mills in the city of Pohang this week in ...

Brutal economic conditions in the U.S. steel market have cast a shadow of anxiety on workers as the holiday season approaches ...

South Korean steel giant Posco Group said Wednesday that it will shut down a wire rod mill at its steelworks in Pohang, North ...

The shutdown decision was made due to the heated competition and oversupply in the global wire rod market from cheap Chinese steel products, as well as its decrepit facility, Posco added.