[THE INVESTOR] Korea’s largest steelmaker POSCO will provide its latest hadfield steel for the building of the world’s largest LNG bulk carrier, the company said Wednesday.

Starting from the third quarter, the steel company will supply the self-produced hadfield steel to Hyundai Mipo Dockyard, which will build the world’s largest LNG propel bulk carrier.

The hadfield steel, with 20 percent manganese, is durable under cold temperatures of up to minus 162 degrees Celsius.

The size of the new bulk carrier is expected to be around 50,000 tons, which is seven times larger than the average large LNG bulk ship. The new ship will feature an engine powered by either bunker-C fuel or LNG, POSCO said.

The ship, scheduled for delivery by late next year, will carry limestone from Gangwon Province to POSCO’s Gwangyang Steelworks in South Jeolla Province, the company said.

By Lee Hyun-jeong (rene@heraldcorp.com)