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POSCO
Latest News
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.
POSCO to Sell Stake in Construction Unit to Saudi Fund
17 February 2015 - South Korean steelmaker POSCO has signed a preliminary deal with Saudi Arabia's Public Investment Fund (PIF) to sell part of its construction unit for about 1.5 trillion won ($1.36 billion), Korea Economic Daily reported.
Modernized Stainless Steel Continuous Caster from Siemens Goes On Stream at Posco
29 October 2014 - Siemens Metals Technologies has modernized and put into operation a single-strand continuous caster at Pohang Iron and Steel Co. Ltd. (Posco) in Pohang, Korea, for production of stainless steel slabs.
POSCO Profits from Next Generation Inspection Technology from ISRA VISION PARSYTEC
26 August 2014 - POSCO and ISRA VISION PARSYTEC have forged a successful cooperative venture. ISRA VISION PARSYTEC was awarded the contract to install a SURFACE MASTER inspection system in the POSCO Pohang coupled pickle tandem line.
SMS Siemag’s Converter-Vessel Changing Concept Successfully Implemented at PT Krakatau-Posco Company
19 June 2014 - PT Krakatau-Posco Company (PTKP), Indonesia, and SMS Siemag (www.sms-siemag.com), Germany, have successfully put into operation the efficient converter-vessel changing concept involving a 300 ton change-vessel converter, a changing car as well as highly effective environmental technology for the converter shop.
POSCO Wins 'World's Most Competitive Steelmaker' Award
18 June 2014 - POSCO received the "World's Most Competitive Steelmaker Award" for the fifth consecutive year from renowned steel market information provider World Steel Dynamics (WSD), the company said Tuesday.
Posco Specialty Steel Commissions Peeling Machine from SMS Meer
29 May 2014 - Posco Specialty Steel, based in Changwon, Gyeongsangnam-do Province, South Korea, has successfully commissioned a peeling machine of the type-PMS 250 including polishing unit supplied by SMS Meer.
Praxair to Supply Industrial Gases to New Steel Mill in Brazil
31 January 2014 - Praxair, Inc. has signed a long-term contract to supply industrial gases to a new steel mill being built near the Port of Pecém, Ceara, Brazil.
POSCO Chooses New CEO
29 January 2014 - POSCO president Kwon Oh-joon has been selected as the company’s next CEO, following Joon-Yang Chung’s resignation.
POSCO Completes Construction of Second Continuous Galvanizing Line in Mexico
28 January 2014 - On 28 January 2014, POSCO completed construction of a second continuous galvanizing line (2CGL) with an annual capacity of 500,000 tons, in Altamira, Tamaulipas state, Mexico.
POSCO Considering Undersea Tunnel to Connect Gwangyang Steelworks and Yeosu Industrial Complex
17 January 2014 - POSCO's Gwangyang Steelworks and Yeosu Industrial Complex are beginning to review an undersea tunnel project to exchange by-product gas.
POSCO Launches New Integrated Management System
16 January 2014 - POSCO launched POSPIA 3.0, the POSCO Family’s unique future management system, on 1 January 2014 at POSCO Indonesia’s integrated steelworks.
Krakatau Posco Begins Operation of Plate Rolling Mill in Indonesia
06 January 2014 - Krakatau Posco's integrated blast furnace steel mill, the first of its kind in Southeast Asia, began operations on 23 December 2013 in Cilegon City in the northwestern region of Indonesia’s island of Java.
POSCO Introduces Supplier Quality Certification
25 December 2013 - POSCO introduced the POSCO Supplier Quality Certification, POSQC, for the first time this year, and will award quality certification certificates to material providers and external partner companies that receive excellent results.
POSCO E&C Wins US$600 Million Rolling Mill Plant Project in Brazil
04 December 2013 - POSCO E&C has won a steel plant project worth US$ 600 million (approximately 630 billion won) from Brazilian CSS.
POSCO Officially Launches 1% Sharing Foundation
26 November 2013 - POSCO hosted the inaugural meeting of the POSCO 1% Sharing Foundation at the Seoul POSCO Center on 18 November, and decided to donate US$ 300,000 to support victims of Typhoon Haiyan in the Philippines.
POSCO Considering Joint Development of Minimill in Russia
13 November 2013 - Russia's Basic Element and En+ Group have signed a Memorandum of Understanding (MoU) with POSCO to jointly develop projects in metal, power and construction in Russia.
GE Upgrading Automation and Drives for POSCO-Thainox Annealing and Pickling Line
22 October 2013 - GE's Energy Management Services business is upgrading the automation and drives on the final annealing and pickling line at the POSCO-Thainox plant.
