Dalian: POSCO of South Korea, one of the world's largest steel mills, has held discussions with senior government officials in the Chinese northeast city of Dalian this week to set up a steel mill at the rapidly industrializing nearby Changxing Island. POSCO would take a significant slice of land on the island, a territory dotted with more and more shipyards including STX Dalian, reportedly the largest shipyard in the world by area space. POSCO has had a manufacturing presence in Dalian since 1995 producing coated steel. [30/10/09]
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