JEFFERSONVILLE, Ind. (WHAS11) -- Indiana Governor Eric Holcomb welcomes the world's 5th largest steelmaker at the Port of Indiana in Jeffersonville.

The facility opened its doors Friday morning, Sept. 22.

The parent company, POSCO, is stationed in South Korea.

RELATED: Global steelmaker POSCO establishing operations at Port of Indiana-Jeffersonville

The new facility will process steel wire for fasteners, nuts, and bolts for the auto industry.

It will employ 60 high-wage jobs by 2018.