POSCO
Latest News
POSCO to Build a Digital Twin to Test Hydrogen Technologies
02 March 2022 - The South Korean steelmaker is planning to build a virtual steel mill in which it can test hydrogen reduction steelmaking technology, according to BusinessKorea.
POSCO, Adani Group Sign US$5 Billion MoU for Eco-Friendly Integrated Mill
14 January 2022 - This week South Korean steelmaker POSCO and Indian infrastructure and energy conglomerate Adani Group signed a memorandum of understanding (MoU) that includes plans for a “green, environment-friendly” integrated steel mill to be built in Gujarat, India.
POSCO and HBIS Break Ground on Automotive Sheet Joint Venture
10 January 2022 - POSCO and HBIS Group announced last Friday that work has begun on a new US$647 million sheet mill located in China’s Hebei province, reports the Reuters news service.
POSCO to Memorialize Oldest Blast Furnace
04 January 2022 - POSCO shut down its oldest blast furnace in Pohang last week, and plans to turn it into a museum.
POSCO to Shift Steel Operations to New Holding Company
13 December 2021 - South Korean steelmaker POSCO announced last week that it plans to spin off its steelmaking arm into a separate, unlisted holding company, POSCO Holdings Inc.
POSCO to Expand Electrical Steel Sheet Capacity
16 November 2021 - The South Korean steelmaker will reportedly invest 1 trillion won (US$850 million) by 2025 to significantly increase its capacity to produce electrical steel sheets for electric vehicle motors, according to Korea JoongAng Daily.
POSCO Develops New Specialty Steel Pipes
21 October 2021 - POSCO has produced specialized steel pipes to transport hydrogen which make transportation of it safer, the company has announced.
BHP, POSCO Sign MoU to Explore Decarbonization
18 October 2021 - BHP and POSCO have entered into a Memorandum of Understanding (MoU) to explore technologies to reduce greenhouse gas emissions in steelmaking, according to a press release from BHP.
POSCO Announces 1-Million-Ton Production Facility
20 September 2021 - POSCO’s new facility has a production capacity of 1 million tons for its GIGA brand steel, according to The Korea Herald.
AI-Based Automated Tapping System Developed in South Korea
07 September 2021 - Researchers from Pohang University of Science and Technology (POSTECH) have developed an artificial intelligence-based automated system for tapping using smart cameras, reports Aju Business Daily.
Rio Tinto, POSCO Partner on Decarbonization Solutions
08 July 2021 - Iron ore miner Rio Tinto and South Korea’s largest steel producer have agreed to work together on developing technologies enabling the transition to a low-CO2 steel value chain.
Hydrogen Takes Center Stage in New Collaboration Agreements
18 March 2021 - POSCO and Australian electricity and natural gas producer Origin Energy have signed a memorandum of understanding on an effort to bring green hydrogen to South Korea, reports the The Sydney Morning Herald newspaper.
POSCO Lays Plans for Hydrogen Production
15 December 2020 - South Korea’s POSCO plans to ramp up hydrogen production capacity over the next 30 years and will begin laying investments in hydrogen infrastructure, reports South Korean business magazine BusinessKorea.
POSCO Signs SMS group for Coke Plant Build
02 December 2020 - POSCO has contracted SMS group subsidiary Paul Wurth to build a new coke plant and associated gas treatment plant.
Steelmakers Team Up on Hyperloop Research & Development
10 November 2020 - Tata Steel Europe and POSCO have agreed to work together on developing steels and steel tubes for hyperloop transportation systems, the companies have announced.
POSCO Partners With ExxonMobil to Develop LNG Carriers
08 October 2020 - South Korean steelmaker POSCO has joined forces with oil and gas giant ExxonMobil to explore the use of high-manganese steel grades in the liquefied natural gas (LNG) industry, reports the Korea Herald newspaper.
POSCO Commissions New Coiler at Hot Strip Mill
28 April 2020 - POSCO’s Gwangyang works in South Korea recently wound the first coils on a newly installed coiler at its No. 4 hot strip mill.
U. S. Steel Buys Out Partner in Joint Venture Mill
02 March 2020 - United States Steel Corporation has acquired the remaining 50% share in its USS-POSCO Industries (UPI) joint venture, the company said on Sunday.
POSCO Developing Precision Location Tag
02 January 2020 - A POSCO research and development subsidiary is partnering with two tech firms to develop a location-tracking tag to be used in its plants.
POSCO, HBIS Set Framework Agreement for Chinese JV
12 December 2019 - Asian steel majors POSCO and HBIS Group have signed a memorandum of understanding (MOU) on an automotive steel joint venture.
