POSCO
Latest News
Slab Caster at New Brazilian Steel Works Now in Operation
17 August 2016 - Startup Brazilian steelmaker Companhia Siderúrgica do Pecém (CSP) has put its new two-strand continuous slab caster into service, according to the equipment vendor, Primetals Technologies.
POSCO Earnings Miss Analysts' Estimates
22 July 2016 - POSCO recorded an operating profit of US$597.7 million between April and June, falling short of analysts’ expectations, according to the Reuters news service.
South Korean Steelmaker Completes Blast Furnace Rebuild
17 June 2016 - POSCO has relit the No. 5 blast furnace at its Gwangyang works following a 112-day refurbishment, the company has announced.
POSCO to Open Wire Rod Processing Plant in Indiana
19 April 2016 - South Korea’s POSCO plans to build a US$19 million wire rod processing plant along the Ohio River in Indiana, according to an announcement by the state.
Paul Wurth Wins Order for Blast Furnace Charging System
09 March 2016 - South Korea’s POSCO has ordered a new charging system for the No. 3 blast furnace at its Pohang works, according to the vendor on the project.
India Steps Back From POSCO Mill Project
22 January 2016 - The Indian government has set aside plans to establish a steel mill in partnership with South Korea’s POSCO, and will now focus on other projects with ArcelorMittal, reports The Times of India.
POSCO Highlights New Steels at Auto Show
11 January 2016 - South Korea’s POSCO is attending the North American International Auto Show in Detroit, Mich., USA, where it is unveiling its next-generation twinning-induced plasticity (TWIP) steel and showcasing its hot press forming steel, according to BusinessKorea magazine.
Uttam Galva, POSCO Ink Technology-Sharing Agreement for Indian Joint Venture
29 December 2015 - India’s Uttam Galva Group has signed an agreement to incorporate POSCO’s steelmaking technology in their proposed joint venture plant in Maharashtra, reports The Hindu BusinessLine newspaper.
Baosteel Pulls the Plug on Multi-Billion-Dollar Iron Ore Project
23 December 2015 - China’s Baosteel and its partners are mothballing a proposed US$5.4 billion iron ore project in Australia on account of market conditions, reports BloombergBusiness news service.
POSCO, Maruichi Steel Celebrate 35-Year Relationship
30 November 2015 - South Korea’s POSCO recently supplied its 8 millionth ton of steel to Japan’s Maruichi Steel Tube Ltd., POSCO has announced.
POSCO Orders Vertical Annealing Furnace for New Galvanizing Line
19 November 2015 - The Fives engineering group has won a contract to design and build a high-performance vertical annealing furnace for a POSCO plant, the company has announced.
POSCO Looks To Establish Indian Mill Through JV
12 August 2015 - Two steel manufacturers are proposing to build a US$3 billion integrated plant in India that might one day produce 3 million tonnes annually, The Times of India reports.
South Korean, Chinese Steelmakers Investing Nearly $1 Billion In New Joint Ventures
11 August 2015 - South Korea's largest steelmaker is partnering with China's Chongqing Iron & Steel Co. on two joint ventures that will produce zinc-coated plates and cold rolled plates, The Korea Observer reported.
Steelmakers Set To Ink Deal on Technology Transfer
03 August 2015 - South Korean steelmaker Posco is expected to sign an agreement with India's Mesco Steel to transfer its Finex technology to a Mesco facility, according to the Business Standard newspaper.
POSCO Returns to Steel Roots With "Aggressive" Cutbacks
20 July 2015 - As reported by Bloomberg, Posco pledged to halve its domestic operations and cut overseas units by 30 percent as South Korea’s biggest steel producer focuses on its main business of making the metal.
POSCO to Supply Automotive Materials to Ssangyong Motor
07 July 2015 - On 23 June, POSCO signed an MOU with Ssangyong Motor, and opted to further enhance its global competitiveness by consistently evolving an amicable cooperative relationship between the two companies.
POSCO Named World's Most Competitve Steelmaker by World Steel Dynamics
11 June 2015 - POSCO, the world's fourth-largest steelmaker by production, announced that it topped the global competitiveness list in 2015 for the sixth consecutive year on the back of its technological innovations and talented workforce.
POSCO Investor Relations Meeting Announces Increase in Rate of Business Profit for the First Quarter
15 May 2015 - POSCO held an Investor Relations meeting on 21 April, where it announced that it had recorded 15.1 trillion won in sales revenue and 731 billion won in business profit on a consolidated basis for the first quarter.
POSCO to Construct Iron Manufacturing Plant in Turkmenistan Valued at $1 billion
27 April 2015 - POSCO Group will construct an iron manufacturing plant in Turkmenistan. Daewoo International signed a MOU for the construction project of the iron manufacturing plant for producing reinforced steel and pipe with a value of 1 billion dollars with the Ministry of Industry of Turkmenistan while attending the summit of both Korea and Turkmenistan on April 13th.
POSCO Establishes New Technical Service Center in Detroit
09 April 2015 - POSCO is focusing on automotive steel sheet production. In this context, the steelmaker is in a hurry to set up another technical service center in Detroit before the end of this year.
