POSCO
Latest News
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.
The Future is Now: POSCO Puts AI to Work on Galvanizing Lines
10 March 2017 - South Korea’s POSCO said it has developed an automated coating weight control system and has begun to incorporate the technology into its production of automotive steels.
Capacity Boost May Be in Store for Indonesian Steel Complex
08 November 2016 - Indonesia’s Krakatau Steel and South Korea’s POSCO are thinking about expanding their steelmaking assets in the Indonesian province of Banten, possibly adding 3 million to 4 million tons of capacity, reports the The Jakarta Post.
POSCO Trades the Safety Goggles for Electronic Goggles Through Virtual Tours
27 September 2016 - Using some emerging technology, POSCO is giving its customers a chance to see its steel plants without having to travel to them.
POSCO Product Wins Top Government Honor
29 August 2016 - A POSCO product designed to cut noise between floors in apartment buildings has been recognized with a Jang Young Sil award, South Korea’s top honor for industrial technology.
