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HBIS to build a plant for auto sheet with POSCO


HBIS Group (HBIS), a top-tier steel mill with all the core steelmaking facilities in North China’s Hebei province, is joining with South Korea’s largest steelmaker POSCO in a joint venture to produce and sell automotive steel sheet in Hebei’s Tangshan city, according to the official posts released by the two companies.
HBIS and POSCO plan to set up a 50:50 joint venture, with each investing $300 million each, to build advanced production lines to produce hot dipped galvanized steel sheets in the Laoting County economic development zone in Tangshan, with the total capacity reaching 900,000 tonnes/year. Construction on the project will


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