POSCO
Latest News
POSCO Completes Stainless Plant in Turkey
28 August 2013 - POSCO completed construction of POSCO ASSAN TST, its stainless cold rolled plant with an annual production scale of 200,000 tons in the Izmit Industrial Complex located in Turkey’s Kocaeli Province, on 15 August 2013.
Q&A with POSCO's Joon Yang Chung, AIST 2013 Steelmaker of the Year
24 July 2013 - Joon Yang Chung, chairman and chief executive officer of POSCO, was named AIST 2013 Steelmaker of the Year. He recently spoke with Iron & Steel Technology about his extensive career and the company’s path for the future.
POSCO Named "World's Most Competitive Steelmaker" for Fourth Consecutive Year
19 July 2013 - POSCO has been ranked as the “World’s Most Competitive Steelmaker” by World Steel Dynamics (WSD) for the fourth consecutive year.
Advocacy Groups Push Dow Jones to Remove POSCO from Its Sustainability Index
10 July 2013 - Prominent human rights, labor rights and advocacy groups appealed to the Dow Jones recently to remove POSCO from the Dow Jones Sustainability Indices.
ArcelorMittal Completes Sale of 15% Interest in Canadian Mines
31 May 2013 - ArcelorMittal announced the completion of the previously announced investment by a consortium led by POSCO and China Steel Corporation to acquire a 15% joint venture interest in ArcelorMittal’s Labrador Trough iron ore mining and infrastructure assets in Quebec, Canada for US$1.1 billion.
Korean Metallurgist Nominated for 2013 European Inventor Award for Sustainable Steel Production Invention
22 May 2013 - Korean scientist and metallurgist Sanghoon Joo of POSCO, who developed a new energy-efficient, cleaner and faster method of producing steel, has been nominated for the European Inventor Award 2013.
AIST Presents Steelmaker of the Year and Other Awards at AISTech 2013
07 May 2013 - Joon Yang Chung, chairman and chief executive officer of POSCO, was named “Steelmaker of the Year” at AISTech 2013 — The Iron & Steel Technology Conference and Exposition, managed by the Association for Iron & Steel Technology (AIST). Other award winners were also announced during the President's Award Breakfast.
Largest Steel Industry Conference Opens on Monday in Pittsburgh
02 May 2013 - AISTech 2013, North America’s largest annual steel conference and exposition of the year, opens on Monday, 6 May at the David L. Lawrence Convention Center, Pittsburgh, Pa., USA.
Mechel Signs Supply Agreement with POSCO
01 May 2013 - Mechel's mining division trading subsidiary Mechel Carbon (Singapore) Pte. Ltd. has signed a three-year contract with South Korea's POSCO Corporation for supply of coking coal.
Bloomberg: Automakers Spur $3 Billion Boom for Made-in-Mexico Steel
17 April 2013 - Mexico’s auto production has almost doubled since 2009. Now its steel industry is trying to catch up by spending almost US$3 billion on new and improved factories, Bloomberg reports.
Jindal Stainless and POSCO Sign Strategic Memorandum of Understanding
12 April 2013 - Jindal Stainless Limited has signed a memorandum of understanding with POSCO to mutually cooperate with each other for long-term joint business opportunities.
Chung Joon Yang of POSCO Named 2013 AIST Steelmaker of the Year
03 April 2013 - Chung Joon Yang, chairman and chief executive officer of POSCO, will be named “Steelmaker of the Year” at AISTech 2013 — The Iron & Steel Technology Conference and Exposition, managed by the Association for Iron & Steel Technology (AIST).
ArcelorMittal Completes First Installment of Sale of 15% Interest in ArcelorMittal Mines Canada
18 March 2013 - ArcelorMittal announced the completion of the first installment of the previously announced investment by a consortium led by POSCO and China Steel Corporation (CSC) to acquire a joint venture interest in ArcelorMittal’s Labrador Trough iron ore mining and infrastructure assets in Quebec, Canada.
Reuters: POSCO Cuts Back on Iran Steel Business
12 March 2013 - South Korean steelmaker POSCO, minority-owned by Warren Buffett's Berkshire Hathaway, has cut ties with government entities and sensitive industries in Iran such as energy and continues to trade with private firms, Reuters reports a letter as saying.
UANI Calls on POSCO, Subsidiary Daewoo, to Cease Business in Iran
29 January 2013 - On 21 January, United Against Nuclear Iran (UANI) called on South Korean steel company POSCO to end its business in Iran.
India Concerned Over Long-Delayed Posco Steel Project
28 January 2013 - India has expressed its concerns over South Korean steelmaker Posco's much-delayed plans in starting work on a steel plant, commerce minister Anand Sharma said on 28 January 2013, according to a Dow Jones Newswires report.
South Korean Steelmakers Fined US$273 Million for Price Fixing
03 January 2013 - Posco, Hyundai Hysco Co. and five other South Korean steelmakers were fined a combined 291.7 billion won (US$273 million) for fixing the price of some products, Bloomberg reported.
ArcelorMittal to Sell a 15% Interest in ArcelorMittal Mines Canada for US$1.1 Billion
02 January 2013 - ArcelorMittal has agreed to sell a 15% interest in ArcelorMittal Mines Canada to a consortium led by POSCO and China Steel Corporation for US$1.1 billion.
worldsteel Announces Winners of 3rd Steelie Awards
12 October 2012 - The World Steel Association (worldsteel) hosted its third Steel Awards ceremony at the farewell dinner to close the 46th annual steel industry conference in New Delhi, India.
Posco Selected as One of the Best Carbon Disclosure Companies
04 October 2012 - POSCO was selected as a leading company in carbon disclosure by the Carbon Disclosure Project, a global climate change evaluation organization.
