Posco and Magnesium Flachprodukte sign supply MoU

South Korean steelmaker Posco and Magnesium Flachprodukte, a subsidiary of materials and technology group Thyssenkrupp Steel, intend to co-operate in the production and supply of magnesium sheet.

The companies signed a memorandum of understanding (MoU) to support each other in the event of supply bottlenecks, with the aim of ensuring security of supply for the auto industry.