Siemens VAI Metals Technologies received an order from Posco Engineering & Construction Co., Ltd. (Posco E&C), a subsidiary company of the Korean steel producer Pohang Iron and Steel Co. Ltd. (Posco), for engineering and the supply of proprietary equipment for a Finex 2.0M plant. This ironmaking facility, which will be built at Posco's Pohang steelworks, will produce some 2 million tons of hot metal on the basis of directly charged low-cost iron ore fines and predominantly noncoking coal. The order value for Siemens is a medium two-digit-million euro figure. Upon completion of the new Finex plant scheduled for mid-2013, a
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