Steel
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Steel
POSCO’s Pohang workers to leave umbrella steel union group
One of two labor unions at Korea’s largest steelmaker POSCO will leave its umbrella group, the Korean Metal Workers’ Union (KMWU), follow...
Dec 01, 2022 (Gmt+09:00)
2 Min read -
Korean chipmakers
Samsung to use rare gas produced by POSCO for chip manufacturing
Samsung Electronics Co., the world’s largest memory chipmaker, will significantly raise the use of locally produced xenon, a critical gas for s...
Oct 28, 2022 (Gmt+09:00)
1 Min read -
Steel
POSCO says normalization of typhoon-hit steel mill unlikely until Q1 2023
POSCO Holdings Inc., the holding company of South Korea’s largest steelmaker, expects its steel mill in the southern port city of Pohang floode...
Sep 29, 2022 (Gmt+09:00)
2 Min read -
Steel
POSCO, Hancock to invest $200 mn to raise Senex's gas output
South Korea’s POSCO International Co. and its Australian mining partner Hancock Prospecting Pty Ltd. will invest A$300 million ($200 million) i...
Sep 26, 2022 (Gmt+09:00)
1 Min read -
Steel
POSCO expects typhoon to reduce sales by $1.5 billion
POSCO, the world’s sixth-largest steelmaker, has predicted sales to fall by $1.5 billion as a typhoon disrupted one of its plants in South Kore...
Sep 16, 2022 (Gmt+09:00)
3 Min read -
Steel
POSCO may need months to normalize typhoon-hit steel mill
POSCO, the world’s sixth-largest steelmaker, is expected to need months to resume full operations of its typhoon-hit plant, which makes up a qu...
Sep 14, 2022 (Gmt+09:00)
2 Min read -
Steel
Hyundai Steel unveils steel sheets with 30% reduction in carbon emissions
South Korean steelmaker Hyundai Steel Co. announced Tuesday it succeeded in the pilot manufacturing of advanced auto steel sheets using an electric f...
Sep 14, 2022 (Gmt+09:00)
1 Min read -
Steel
POSCO partially restarts Pohang furnaces flooded by typhoon
POSCO Holdings Inc., the holding company of South Korea’s largest steelmaker, has partially restarted its blast furnaces at its main plant in P...
Sep 12, 2022 (Gmt+09:00)
2 Min read -
Steel
Steelmaker Husteel's operating profit skyrockets 579% in first half
Shares of Husteel, the only public company within the golf course giant Shinan Group, have doubled in price in the last three months. Industry watche...
Sep 08, 2022 (Gmt+09:00)
2 Min read -
Steel
Typhoon Hinnamnor shuts all POSCO furnaces for 1st time in 49 years
POHANG, North Gyeongsang Province – POSCO Holdings Inc., the holding company of South Korea’s steel giant, said on Wednesday it has shut ...
Sep 07, 2022 (Gmt+09:00)
1 Min read -
Steel
POSCO gains huge dividend from Roy Hill mine in H1
When South Korea’s leading steelmaker POSCO Group acquired a 12.5% stake in Australia’s Roy Hill mine for 1.52 trillion won ($1.2 billion...
Aug 18, 2022 (Gmt+09:00)
2 Min read -
Steel
Korea's SeAH joins hands with Saudi Aramco on special steel
South Korea’s steel conglomerate SeAH Group has tied up with Saudi Aramco, Saudi Arabia's energy giant, to accelerate its expansion in the Midd...
Aug 08, 2022 (Gmt+09:00)
1 Min read -
Steel
POSCO, Krakatau to expand Indonesia steel mill for $3.5 bn
South Korea’s POSCO Group and Indonesia’s state-run Krakatau Steel plan to jointly invest $3.5 billion in building a blast furnace and a ...
Jul 28, 2022 (Gmt+09:00)
2 Min read -
Steel
POSCO sees battery materials sales double by 2030
South Korea’s POSCO Holdings Inc. expects sales of its rechargeable battery materials to more than double to 41 trillion won ($31 billion) by 2...
Jul 06, 2022 (Gmt+09:00)
2 Min read -
Steel
POSCO revs up eco-friendly, smart steelmaking
South Korea’s leading steelmaker POSCO Group reignited its No. 4 blast furnace at its Gwangyang plant on June 10. The blast furnace has been up...
Jun 12, 2022 (Gmt+09:00)
1 Min readlanguage -
Steel
POSCO closer to supplying steel for LNG tanks to ExxonMobil
POSCO, the world’s sixth-largest steelmaker, took a step forward to supply global energy major ExxonMobil with steel for liquefied natural gas ...
May 26, 2022 (Gmt+09:00)
1 Min read -
Robotics
POSCO to deploy more industrial robots at workplaces
POSCO Group, which owns South Korea’s largest steelmaker, plans to deploy more industrial robots at its factories to improve productivity and e...
May 20, 2022 (Gmt+09:00)
1 Min readlanguage -
Steel
Color steel: Dongkuk falls to third place as rivals encroach on its home turf
The growing demand for color-coated steel is fueling competition among South Korean manufacturers of specialty steel products, raising concerns about...
Apr 29, 2022 (Gmt+09:00)
3 Min read -
Steel
Dongkuk buys 15% stake in Vietnamese steel fabricator
Dongkuk Steel Mill Co., South Korea’s leading color-coated steel manufacturer, said on Wednesday it has acquired a 15% stake in VSSC Steel Cent...
Apr 27, 2022 (Gmt+09:00)
2 Min read -
Steel
SeAH to supply steel pipes for LNG export base in Qatar via Samsung
SeAH Steel Corp., the largest steel pipe manufacturer in South Korea, signed a contract on April 25 to offer Samsung C&T Corp. its stainless (S...
Apr 26, 2022 (Gmt+09:00)
2 Min read -
Steel
Korea steelmakers see risks from carbon, supply issues
The South Korean steel industry’s top executives are anticipating a perfect storm amid the global push for carbon neutrality and supply chain d...
Apr 22, 2022 (Gmt+09:00)
2 Min readlanguage -
Steel
Korea Dongkuk targets record profit on Brazil CSP’s brisk earnings
Dongkuk Steel Mill Co., South Korea’s third-largest steelmaker, is expected to continue to benefit from the strong earnings of its Brazilian un...
Apr 11, 2022 (Gmt+09:00)
3 Min read -
Steel
Poongsan, Korea Zinc to benefit from rising raw material prices
South Korea’s non-ferrous metal smelters such as Korea Zinc Co. and Poongsan Corp. are set to benefit from rising prices of raw materials in th...
Mar 14, 2022 (Gmt+09:00)
1 Min readlanguage -
Steel
POSCO, Hancock to restart multi-billion-dollar Hardey iron ore project
South Korea’s top steelmaker POSCO and Hancock Prospecting Pty Ltd, a leading Australian mining firm, have agreed to restart a long-dormant iro...
Mar 10, 2022 (Gmt+09:00)
3 Min read -
Automobiles
Hyundai Steel supplies high-strength steel for Genesis G80 EV, G90
Hyundai Steel Co. is supplying its newly developed ultra-high-strength steel sheets for car bodies to Hyundai Motor Co. for its electric vehicles and...
Feb 11, 2022 (Gmt+09:00)
1 Min read -
Steel
POSCO to revive India steel mill construction plan
POSCO Co. plans to build a steel mill jointly with India's Adani Group in western India, the South Korean steelmaker said on Thursday, after its prev...
Jan 13, 2022 (Gmt+09:00)
2 Min read -
Steel
POSCO breaks ground on China automotive steel plant with HBIS
China’s HBIS Group Co., the world’s third-largest steelmaker, and South Korea’s POSCO Co., the No. 6 player, broke ground on an aut...
Jan 07, 2022 (Gmt+09:00)
1 Min read -
Steel
Korea 2021 steel output set to top 70 mn tons on supercycle
South Korea’s steel output last year was estimated to have topped 70 million tons as the industry enjoyed a steel supercycle for the first time...
Jan 02, 2022 (Gmt+09:00)
1 Min read -
Steel
Korean steel mills rush to secure metal scrap from abroad
South Korean steelmakers, led by POSCO Co., are rolling up their sleeves to secure metal scrap as they are shifting into less carbon-intensive steel ...
Dec 20, 2021 (Gmt+09:00)
2 Min read
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