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POSCO
Latest News
POSCO Electrical Steel Plant Enters Service
03 January 2024 - POSCO has wrapped up the first phase of construction on a US$767 million non-oriented electrical steel plant, The Korea Times reports.
POSCO Plans to Go All in on H2 Ironmaking
27 November 2023 - South Korean steel giant POSCO plans to shift entirely to hydrogen-reduced iron production by 2050, reports BusinessKorea.
POSCO, Nippon Steel Acquire Stake in Canadian Met Coal Miner
14 November 2023 - Canadian miner Teck Resources Ltd. has agreed to sell its metallurgical coal business to a group led by Glencore plc through a deal valuing the business at around US$9 billion.
POSCO, HBIS Open JV Galvanizing Plant
23 October 2023 - A joint venture between South Korea’s POSCO and China’s HBIS Group is starting up a new galvanized sheet facility in China, reports The Korea Times.
POSCO Recovers Investment in Australian Iron Ore Operation
10 October 2023 - In 2010, POSCO announced a plan to join the Roy Hill iron ore mining project in Australia, an investment that at the time was the company’s largest ever investment in raw materials. The move was criticized by shareholders on grounds that wildly fluctuating ore prices made it too risky of an investment.
POSCO Unveils Revenue, Capacity Growth Target
13 July 2023 - POSCO will move to increase its global capacity to 52 million metric tons and plans to add non-oriented electrical steel capacity in Korea and North America, The Korea Times reports.
POSCO Selects Tenova for KRW600 Billion EAF Installation (Update)
21 June 2023 - South Korea’s POSCO has placed an order with Tenova for a Consteel electric arc furnace (EAF), a transformative project that will usher in a new era of steelmaking for the traditionally integrated producer, the equipment manufacturer has announced.
POSCO Looks to Begin Work on Pilot DRI Plant
30 May 2023 - POSCO is set to break ground on a pilot-scale direct reduction plant that utilizes hydrogen, reports The Korea Economic Daily newspaper.
POSCO Plans Investment in Growth Engine Facilities
20 April 2023 - South Korea’s POSCO Group is planning to invest the equivalent of US$3.04 billion in growth projects next to its Gwangyang plant, should the government lift restrictions on uses of state-run industrial complexes, reports the Yonhap News Agency.
GM Recognizes Three Steel Producers
27 March 2023 - Cleveland-Cliffs Inc., Nucor Corp. and POSCO again have taken home supplier honors from General Motors (GM).
The World’s No. 2 Met Coal Exporter is Spinning Off Its Coal Mines. Here’s Why.
23 February 2023 - Canadian miner Teck Resources Ltd. is splitting off its metallurgical coal business into a separate public company that will be owned in part by two of its biggest steelmaking customers, the company has announced.
POSCO Lays Green Bet on Australia
05 December 2022 - South Korea’s largest steel producer plans to invest US$40 billion in hydrogen, direct reduced iron and green steel production in Australia over the next 15 years, reports commodities news and pricing service Argus.
POSCO Plate Certified for Use in Wind Towers
07 November 2022 - Standards maker Det Norske Veritas (DNV) has certified a POSCO plate steel for use in wind turbines, a decision that POSCO says will help make turbines even more environmentally friendly.
POSCO Joins Offgas Recycling Research Effort
06 October 2022 - POSCO has signed on to a research effort that is exploring technologies to convert steel mill offgas into a plastics raw material, reports the Aju Business Daily newspaper.
POSCO Mill Recovering From Flood
13 September 2022 - POSCO has restarted the No. 2 and No. 4 blast furnaces at its Pohang Works after a typhoon flooded the plant last week.
POSCO, Primetals Technologies Partner Up on Hydrogen DRI Plant
01 September 2022 - Primetals Technologies and POSCO will work together on developing a green steel demonstration plant using hydrogen reduction.
ArcelorMittal Acquiring 3M Metric Tons of Slabmaking Capacity in Brazil
28 July 2022 - ArcelorMittal is acquiring Brazilian slab producer Companhia Siderúrgica do Pecém (CSP) for approximately US$2.2 billion, the steelmaker said on Thursday.
POSCO, PT Krakatau Eye Major Indonesian Investment
28 July 2022 - POSCO and Indonesian joint-venture partner PT Krakatau Steel plan to invest US$3.5 billion in expanding capacity in the country, reports the Reuters news service.
POSCO Restarts Rebuilt Blast Furnace
13 June 2022 - POSCO has blown in the refurbished No. 4 blast furnace at its Gwangyang Works, according to reports.
POSCO Breaks Ground on Electrical Steel Mill
22 April 2022 - The South Korean steelmaker broke ground today on a 1 trillion won (US$805 million) steel plant in the southwestern port of Gwangyang, according to The Korea Times.
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