BUSINESS

POSCO to complete feasibility study on Iran project by Sept.

By Korea Herald
  • Published : Jul 21, 2016 - 17:23
  • Updated : Jul 21, 2016 - 17:55
[THE INVESTOR] Steelmaker POSCO said on July 1 that a feasibility study for building a steel mill in Iran will be completed by end-September.

The steelmaker said that it will then decide whether to go ahead with the project or not.

POSCO also said that although a memorandum of understanding has been signed with Iran’s PKP in May, there has been no other major development since.

By Choi He-suk (cheesuk@heraldcorp.com)