Market Chatter: Posco Expands LNG Value Chain with High-Manganese Steel Tanks

MT Newswires Live

03/05

Posco International (KRX:047050) is enhancing its liquefied natural gas (LNG) value chain with high-manganese steel storage tanks at its Gwangyang Terminal to meet the increasing global demand and energy security requirements, Pulse News reported Tuesday.

The facility houses six massive LNG tanks, each as high as a 19-story building, storing LNG at -163 degrees Celsius before distribution, the report said.

Shares of Posco International jumped nearly 14% in recent trade on Wednesday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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