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What’s up with POSCO?

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The usual night view of Pohang Steel Mill
And



Current night view of Pohang Steel Mill
Due to Typhoon Hinamno, the furnace, which had been running 24 hours a day, was flooded and caught fire
the first shutdown of a steel mill in 49 years
The molten metal in the furnace is hardening, so if it doesn’t recover within five days,
It takes at least a month to return to the furnace
on top of that
All the key components and lines are buried in the mud
Must be removed and reinstalled
In addition, it’s not just POSCO’s problem, but POSCO’s partners
POSCO is in danger of going bankrupt one after another due to all-stop failure
We’re losing -50 billion a day
The furnace doesn’t stop because it produces military supplies even during the war
According to the news, it takes at least six months to normalizeOh, my

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