Super typhoon floods giant Korean steel plant halting production

A view shows smoke and flames across a water body, which is said to be due to a fire at the Posco steel plant amid Typhoon Hinnamnor, in Pohang, South Korea, on Sept 6, 2022 in this screen grab obtained from a social media video. - Reuters

SEOUL (Bloomberg): A powerful storm that lashed South Korea’s southern coast earlier this week has left one of the country’s biggest steelworks shuttered, spurring concerns over the nation’s production.

Posco, the country’s biggest steelmaker, as well as Hyundai Steel Co suspended operations at their plants in Pohang after Super Typhoon Hinnamnor flooded facilities there, according to regulatory filings Wednesday.