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The plant in Pittsburgh will produce 270,000 tons of high-quality pipes annually, the company said.
POSCO has a 35-percent stake in the plant, named United Spiral Pipe LLC, while United States Steel Corp. holds an equal interest. The two companies will supply hot-rolled steel to the plant for processing.
According to POSCO, the plant will produce pipes whose diameters range from 24 inches to 64 inches.
Demand for oil pipes in the North American region with diameters over 24 inches tops 2 million tons annually, the South Korean company said.
(Yonhap) bl
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