Posco enters China market with STX

A joint venture between Korea’s Posco and STX, Posco-PDCCP, established in Dalian in China, will enter into a full-scale operation from 15 Feburary. 
The joint venture, which Posco has 90% investment and STX 10%, will process 500,000 tons of steel per year and provide steel plates to nearby Chinese shipyards as well as STX’s Dalian shipyard.

Source: Seatrade Asia