LOUISVILLE, Ky. (WDRB) -- The port of Indiana-Jeffersonville may soon get a new tenant from Korea.

Steel producer POSCO wants to place its new wire rod processing center at the port. The $19 million project would include a 120,000-square-foot plant that would employ 60 people.

The company has asked Jeffersonville's City Council to phase in its property taxes to help finance the project.

The council is scheduled to vote on it next month.

It would be POSCO's second U.S. processing plant.

Copyright 2016 by WDRB News. All rights reserved.