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POSCO’s Cryogenic Manganese Steel Earns Gov’t Approval for LNG Tank Use

POSCO’s Cryogenic Manganese Steel Earns Gov’t Approval for LNG Tank Use

SEOUL, Aug. 13 (Korea Bizwire) — South Korea’s top steelmaker POSCO said Tuesday its cryogenic high manganese steel (HMS) has earned government approval as a material reliable for manufacturing land-based liquefied natural gas (LNG) storage tanks. POSCO completed the development of world’s first cryogenic HMS in 2013 after six years of research. The company said [...]

POSCO Develops New Technology to Speed Up Construction

POSCO Develops New Technology to Speed Up Construction

SEOUL, Aug. 8 (Korea Bizwire) — POSCO Co., South Korea’s top steelmaker, has developed a new construction technology that allows builders to add up to three stories at a time. The company said Wednesday that the “P-Box Pillar and Reinforced Concrete Beam Jointing Method,” developed with its customers, has been designated as a new technology [...]

POSCO Q2 Net Up 17 pct on Affiliates’ Robust Performance

POSCO Q2 Net Up 17 pct on Affiliates’ Robust Performance

SEOUL, Jul. 23 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, said Tuesday that its second-quarter net profit increased mainly due to the robust performance of its affiliates. Net profit reached 681.4 billion won (US$577 million) in the April-June period on a consolidated basis, up 17 percent from a profit of 580 billion won a [...]

POSCO Raises US$500 mln via ESG Bond

POSCO Raises US$500 mln via ESG Bond

SEOUL, Jul. 9 (Korea Bizwire) — South Korea’s top steelmaker POSCO said Tuesday it has raised US$500 million by selling so-called environment, social, governance (ESG) bonds. The ESG bond is a type of sustainability debt offering aimed to finance corporate activities in environmental, social responsibility and governance improvement. POSCO also said it is the world’s [...]

POSCO Named ‘Lighthouse Factory’ by World Economic Forum

POSCO Named ‘Lighthouse Factory’ by World Economic Forum

SEOUL, Jul. 3 (Korea Bizwire) – South Korea’s top steelmaker POSCO said Wednesday it has been named a “lighthouse factory,” by the World Economic Forum (WEF) for its efforts to drive innovation of the manufacturing sector. The WEF, an international organization for public-private cooperation, selects lighthouse factories twice a year that are considered front runners [...]

POSCO’s Gwangyang Steel Mill Back to Normal Operations After Power Outage

POSCO’s Gwangyang Steel Mill Back to Normal Operations After Power Outage

SEOUL, Jul. 2 (Korea Bizwire) — South Korea’s largest steelmaker POSCO said Tuesday one of its major steel mills has returned to normal operations following a power outage the previous day. POSCO said that furnaces and other production facilities at its steel mill in Gwangyang, South Jeolla Province, some 420 kilometers southwest of Seoul, are [...]

POSCO Named No.1 Greenhouse Gas Emitter Among Local Companies: Report

POSCO Named No.1 Greenhouse Gas Emitter Among Local Companies: Report

SEOUL, Jun. 20 (Korea Bizwire) — South Korea’s No. 1 steelmaker, POSCO, was the top greenhouse gas emitter among local companies, industry data showed Thursday. POSCO produced 71 million tons of greenhouse gases in 2017, accounting 11.3 percent of total emissions by South Korean companies, according to a report from the Korea Corporate Governance Service [...]