SHANGHAI, Sept 26 (Reuters) - China's Baoshan Iron & Steel Group (Baosteel), one of the country's largest steelmakers, will build a steel processing plant in South Korea with a local joint venture partner, the company said on Thursday.
The 50-50 joint venture, with South Korea's auto-components maker GNS, will build an auto sheet plant with an initial production capacity of 110,000 tonnes per annum, Baosteel said in a statement, adding that this is the first time a Chinese mill is investing in South Korea's steel sector. (Reporting by Fayen Wong and Ruby Lian; Editing by Himani Sarkar)