HBIS-POSCO auto JV puts No.1 CGL line into operation

HBIS-POSCO Automotive Steel, the 50-50 joint venture between China's leading steelmaker HBIS Group (HBIS) and South Korean steel giant POSCO, has officially commissioned the No.1 continuous hot-dip galvanizing (CGL) line for automotive sheet at its new plant in Laoting county in Tangshan, North China's Hebei province, according release from China MCC22 Group Co, the leading Chinese engineering company and prime contractor for the project.

The two companies had announced plans for an automotive steel sheet venture in July 2021 to build and manage two CGLs for automotive sheets in Laoting, with the total capacity reaching 900,000 tonnes/year, as Mysteel Global reported. Construction on the project started in January 2022 and was to have