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Posco opens steel-processing center in Indiana

Steelmaker hopes to encourage South Korean investment in US

Cutting the ribbon at the opening ceremony of the new Posco plant.

SEOUL -- Posco has opened a steel wire processing center in the American state of Indiana amid discontent in Washington over the trade deficit with South Korea.

The $20.9 million plant with an annual capacity of 25,000 tons marks Posco's second processing center abroad, after a facility in Mexico. It will handle steel wire for bolts, nuts and bearings used in autoparts, electronics, manufacturing machinery and elsewhere. The new plant will supply Japanese automaker Nissan Motor as well as South Korean manufacturers in the U.S.

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