{
  "id": 6244537,
  "title": "POSCO to invest 480 bln won in automotive steel plant by 2028",
  "url": "https://urgent.news/2026/09/08/posco-to-invest-480-bln-won-in-automotive-steel-plant-by-2028",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-08T05:40:15.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20260908006200320"
  },
  "original_language": "en",
  "account": "South Korean steel manufacturer POSCO has announced plans to invest 480 billion won (US$359 million) in the construction of an automotive steel plant, with completion expected by 2028. The facility will boast an annual production capacity of 450,000 tons of hot-dip galvanized steel for automotive exterior panels. Currently, POSCO operates seven continuous galvanizing lines (CGLs) at its integrated steel mill in Gwangyang, located 360 kilometers south of Seoul. With the addition of this new line, the company's total annual capacity for hot-dip galvanized steel will rise to 4.95 million tons, surpassing its existing 4.5 million ton capacity from the seven existing CGLs. POSCO's President Lee Hee-geun emphasized that this strategic investment aims to enhance the company's competitiveness in the rapidly evolving global steel industry by improving manufacturing costs and technological capabilities. Hot-dip galvanized steel, coated with zinc to enhance corrosion resistance and surface quality, is primarily utilized for automotive body panels and household appliances.",
  "summary": "SEOUL, Sept. 8 (Yonhap) -- South Korean steelmaker POSCO said Tuesday it will in...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "POSCO to invest $359 mil. in automotive steel plant by 2028",
        "url": "https://urgent.news/2026/09/08/posco-to-invest-359-mil-in-automotive-steel-plant-by-2028",
        "published": "2026-09-08T06:12:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}