Steel News

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.

POSCO Establishes New Brand for Its Construction Steels

13 November 2019 - POSCO on Tuesday unveiled a new brand called INNOVILT to better promote its construction and corrosion-resistant steels as well as other products.

POSCO Reaches 1 Billion Tons of Crude Steel Production

07 October 2019 - POSCO announced on Thursday that it has reached a milestone of 1 billion tons in cumulative crude steel production.

POSCO Aims to Supply Emerging Market for Maritime Sulfur Scrubbers

19 September 2019 - South Korean steel giant POSCO is bringing to market a super alloy stainless steel designed for sulfur scrubbers installed on ocean-going vessels.

POSCO Contracts SMS group for Wire Rod Mill Improvements

12 November 2018 - SMS group has been awarded a contract to upgrade the wire rod mill at POSCO’s Pohang works in South Korea, the equipment supplier has announced.

KOCKS Wins Contract for South Korean Bar Mill Improvements

06 November 2018 - POSCO has contracted with German rolling mill specialist KOCKS for upgrades to a bar mill, the company has said.

POSCO Plans Multibillion Investment in Steel Plants

04 September 2018 - The world’s fifth-largest steelmaker said it is planning to invest the equivalent of US$23.2 billion in its steel plants over the next five years as part of a broader capital spending program.

Steelmaker Places Order for Unmanned Crane System

23 July 2018 - POSCO ICT, the IT and engineering subsidiary of South Korean steelmaker POSCO, has signed an agreement to supply an autonomous crane system to a Chinese steel plant.

POSCO CEO to Step Down

18 April 2018 - POSCO chief executive Kwon Oh-joon has agreed to resign his post two years before his term expires, reports the Nikkei Asian Review.

POSCO Opens U.S. Wire Rod Processing Plant

25 September 2017 - POSCO and officials from the state of Indiana gathered Friday to ceremonially open the company’s new U.S. wire rod processing plant at the Port of Indiana-Jeffersonville.

Report: Two International Steelmakers Eyeing India's Essar Steel

23 August 2017 - Tata Steel and POSCO might be among the companies looking at acquiring debt-stricken Essar Steel, which is operating under Indian insolvency laws.

POSCO to Boost Hiring Over Next Four Years

17 August 2017 - South Korea’s top steelmaker said it will step up hiring to secure its workforce through the digital revolution, according to The Korea Times newspaper.

South Korean Consortium Prevails in Bidding on Australian Steel, Iron Ore Producer

16 June 2017 - A consortium led by a South Korean private equity firm has been declared the preferred bidder for Australian iron ore miner and steelmaker Arrium, the company’s financial administrator has announced.

POSCO Looks to Create 'One-Stop Shop' For Components Verification With New Lab

19 May 2017 - South Korea-based POSCO has cut the ribbon a new components-forming laboratory at is global research and development center in Songdo.

Rebuilt Converter Resumes Production at POSCO Mill

11 April 2017 - POSCO has restarted a LD (BOF) converter at its Gwangyang plant following a project to modernize the approximately 30-year-old unit.

New Joint Venture Mill Gives Final Acceptance to Coke Plant

23 March 2017 - Nine months after the ovens were lit, a coke plant serving a new, greenfield mill in Brazil has passed its final acceptance tests, reports SMS group subsidiary Paul Wurth.

POSCO Looks to Return Land for Indian Mill

20 March 2017 - South Korea’s POSCO is offering to surrender the acreage on which it had planned to build a US$12 billion integrated mill in India, a move that seems to put the final nail in the coffin on the long delayed project, according to reports.