POSCO announced on September 1st 2009 the establishment of POS-HiMetal, a new affiliate to produce refined ferromanganese, which will be a strategic product of the steelmaker.
In April 2010, POS-HiMetal will start construction of a facility capable of producing 75,000 tonnes of refined FeMn annually. The facility will be completed in September 2011. The FeMn produced at the plant will be used to make high manganese steel products at POSCO's Gwangyang Works.
Source: Steel Guru
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