Posco boosts green steel, chip supply chain

Posco on Wednesday completed South Korea's largest electric arc furnace and launched a high-purity rare gas production plant, advancing its push into low-carbon steelmaking and strategic semiconductor materials.

The company held a completion ceremony for its new electric arc furnace in Gwangyang, South Jeolla Province, attended by Prime Minister Kim Min-seok, Posco Group Chairman Chang In-hwa and other government and company officials.

Built with an investment of about 600 billion won ($400 mill ...