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POSCO’s Typhoon-hit Facilities Likely to be Fully Recovered in Q1

POSCO’s Typhoon-hit Facilities Likely to be Fully Recovered in Q1

SEOUL, Nov. 14 (Korea Bizwire) — South Korea’s top steelmaker POSCO is expected to fully normalize its facilities damaged by a September typhoon during the first quarter of next year, the industry ministry said Monday. The ministry’s estimate for the full recovery of the typhoon-hit facilities contrasts with POSCO’s own projection that they will be [...]

POSCO Holdings Q3 Operating Profit Down 71 pct on Typhoon Damage

POSCO Holdings Q3 Operating Profit Down 71 pct on Typhoon Damage

SEOUL, Oct. 19 (Korea Bizwire) — POSCO Holdings Inc., the holding firm of South Korea’s top steelmaker POSCO, on Wednesday said that its third-quarter operating profit dropped 71 percent as some of its steel-processing facilities remain shuttered after a typhoon. Its operating income stood at 900 billion won (US$633 million) in the July-September period, compared [...]

POSCO Breaks Ground for High-purity Nickel-refining Plant in S. Korea

POSCO Breaks Ground for High-purity Nickel-refining Plant in S. Korea

SEOUL, Oct. 14 (Korea Bizwire) — POSCO Group, South Korea’s top steelmaking group, on Friday broke ground for a plant that refines high-purity nickel to be used for electric vehicle batteries in a move to further solidify its secondary battery material business. The facility with an annual production of 20,000 tons of high-purity nickel, a [...]

POSCO to Recycle By-product Gas as Raw Material for Low-carbon Plastics

POSCO to Recycle By-product Gas as Raw Material for Low-carbon Plastics

SEOUL, Oct. 7 (Korea Bizwire) — South Korean steel giant POSCO has participated in an academic-industry research cooperation drive to develop new technology for recycling by-product gases generated during the steel-making process as plastic materials on the basis of existing carbon dioxide capture and utilization technologies. The company on Thursday inaugurated the Center for Low-Carbon [...]

POSCO Reaffirms Its Plans to Fully Normalize Typhoon-hit Facilities by December

POSCO Reaffirms Its Plans to Fully Normalize Typhoon-hit Facilities by December

SEOUL, Sept. 21 (Korea Bizwire) — South Korea’s top steelmaker POSCO said Wednesday it will complete the normalization of its facilities damaged by a recent typhoon within three months, stressing that any major supply glitch would not occur given its product stockpiles sufficient to last 2-3 months. POSCO was forced earlier this month to halt [...]

Typhoon-hit POSCO Aims to Fully Normalize Operations by Early December

Typhoon-hit POSCO Aims to Fully Normalize Operations by Early December

SEOUL, Sept. 16 (Korea Bizwire) — South Korean steelmaker POSCO said Friday it will complete repairs of manufacturing facilities damaged by a recent typhoon within three months and plan to fully normalize operations by December. Earlier this month, Typhoon Hinnamnor hit the country’s southeastern parts and severely flooded POSCO’s facilities in Pohang, about 270 kilometers [...]

Hyundai Steel Succeeds in Trial Production of Low-carbon Emission Steel Sheet

Hyundai Steel Succeeds in Trial Production of Low-carbon Emission Steel Sheet

SEOUL, Sept. 14 (Korea Bizwire) — Hyundai Steel Co., South Korea’s No. 2 steelmaker, said Tuesday it has succeeded in the trial production of a low-carbon emission high-end steel sheet that enables a significant reduction in carbon emissions during the production process. The company announced that it had succeeded in the trial production of 1.0 [...]