POSCO Plant Catches Fire; Extinguished
By Bae Ji-sook
Staff Reporter
A fire broke out at a POSCO plant in Pohang, North Gyeongsang Province, Tuesday, but was extinguished quickly with the exact damage yet to be assessed.
According to witnesses and company officials, an explosion was heard around 2:30 p.m. at POSCO's second FINEX plant and dark smoke poured from the building. The local fire department and the company's fire safety team extinguished the fire within 30 minutes.
``There have been no reported casualties. We are also investigating the cause of the fire and damage to the plant,'' a company spokesman said. Police are also investigating. They suspect the fire broke out during welding operations.
The plant was built in 2007 to commercialize FINEX, a next generation steel making technology developed by the company.