POSCO Named World's Most Competitve Steelmaker by World Steel Dynamics
06/11/2015 - 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.
World Steel Dynamics announced the World-Class Steelmaker Rankings on Tuesday, 9 June. The organization evaluated 36 steelmakers around the world in 23 categories, including production volume, technical innovation, profitability and financial soundness.
POSCO received 7.91 points out of 10, the highest among the 36, maintaining its No. 1 position which it first garnered in 2010. The company excelled in the production and sale of premium steel products and the provision of solution marketing. POSCO was also highly rated for its technological innovation and talented manpower.
The U.S. steelmaker Nucor came in second with 7.55 points, followed by Nippon Steel & Sumitomo Metal Corp. at 7.49 points, Gerdau at 7.34 points and Severstal at 7.31 points. Hyundai Steel ranked ninth for the second straight year.
World Steel Dynamics projected that the global steel industry will continue to struggle through 2016 due to a supply glut and the prolonged economic downturn. But in 2017, the industry will likely bounce back on the strengthening global economic recovery and cheaper raw materials, it said.
Source: The Korea Times
POSCO received 7.91 points out of 10, the highest among the 36, maintaining its No. 1 position which it first garnered in 2010. The company excelled in the production and sale of premium steel products and the provision of solution marketing. POSCO was also highly rated for its technological innovation and talented manpower.
The U.S. steelmaker Nucor came in second with 7.55 points, followed by Nippon Steel & Sumitomo Metal Corp. at 7.49 points, Gerdau at 7.34 points and Severstal at 7.31 points. Hyundai Steel ranked ninth for the second straight year.
World Steel Dynamics projected that the global steel industry will continue to struggle through 2016 due to a supply glut and the prolonged economic downturn. But in 2017, the industry will likely bounce back on the strengthening global economic recovery and cheaper raw materials, it said.
Source: The Korea Times
