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POSCO
Latest News
GM Recognizes Three Steel Producers
27 March 2023 - Cleveland-Cliffs Inc., Nucor Corp. and POSCO again have taken home supplier honors from General Motors (GM).
The World’s No. 2 Met Coal Exporter is Spinning Off Its Coal Mines. Here’s Why.
23 February 2023 - Canadian miner Teck Resources Ltd. is splitting off its metallurgical coal business into a separate public company that will be owned in part by two of its biggest steelmaking customers, the company has announced.
POSCO Lays Green Bet on Australia
05 December 2022 - South Korea’s largest steel producer plans to invest US$40 billion in hydrogen, direct reduced iron and green steel production in Australia over the next 15 years, reports commodities news and pricing service Argus.
POSCO Plate Certified for Use in Wind Towers
07 November 2022 - Standards maker Det Norske Veritas (DNV) has certified a POSCO plate steel for use in wind turbines, a decision that POSCO says will help make turbines even more environmentally friendly.
POSCO Joins Offgas Recycling Research Effort
06 October 2022 - POSCO has signed on to a research effort that is exploring technologies to convert steel mill offgas into a plastics raw material, reports the Aju Business Daily newspaper.
POSCO Mill Recovering From Flood
13 September 2022 - POSCO has restarted the No. 2 and No. 4 blast furnaces at its Pohang Works after a typhoon flooded the plant last week.
POSCO, Primetals Technologies Partner Up on Hydrogen DRI Plant
01 September 2022 - Primetals Technologies and POSCO will work together on developing a green steel demonstration plant using hydrogen reduction.
ArcelorMittal Acquiring 3M Metric Tons of Slabmaking Capacity in Brazil
28 July 2022 - ArcelorMittal is acquiring Brazilian slab producer Companhia Siderúrgica do Pecém (CSP) for approximately US$2.2 billion, the steelmaker said on Thursday.
POSCO, PT Krakatau Eye Major Indonesian Investment
28 July 2022 - POSCO and Indonesian joint-venture partner PT Krakatau Steel plan to invest US$3.5 billion in expanding capacity in the country, reports the Reuters news service.
POSCO Restarts Rebuilt Blast Furnace
13 June 2022 - POSCO has blown in the refurbished No. 4 blast furnace at its Gwangyang Works, according to reports.
POSCO Breaks Ground on Electrical Steel Mill
22 April 2022 - The South Korean steelmaker broke ground today on a 1 trillion won (US$805 million) steel plant in the southwestern port of Gwangyang, according to The Korea Times.
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.
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