The Korea-based steel producer POSCO is considering the Port of Indiana-Jeffersonville for a new wire rod processing center.
POSCO is seeking approval from the Jeffersonville Redevelopment Commission to proceed with a formal request to the Jeffersonville City Council to phase in its property taxes to help finance the project.
The $19 million project is a joint venture between POSCO and Korea-based JP Steel. It would include a 120,000-square-foot plant that would employ 60 people. It would be POSCO's second U.S. processing plant.
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