# SM Steel breaks ground on steel plate plant in Gunsan, South Korea

SM Steel broke ground on a KRW 150 billion steel plate production plant in Gunsan, North Jeolla Province. The plant will have an annual capacity of 100,000 tons.

- Type: New facility
- Announced: 2020-06-10
- Where: Gunsan, North Jeolla Province, South Korea
- Value: $125.0M (150.0B KRW)
- Status: under construction
- Capacity: 100,000 tons per year
- Products: steel plates
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [SM Steel](https://endata.com/companies/47902.md)

## Sources

- [investkorea.org](https://www.investkorea.org/jnbk-en/bbs/i-1334/detail.do?ntt_sn=487721), 2020-06-16: "SM Steel, part of SM Group manufacturing affiliates, cut the first sod for the new facilities to produce steel plate on Jun. 10 in Gunsan city, North Jeolla Province."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.