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POSCO’s Typhoon-hit Facilities Nearly Restored, Production Normalized

POSCO’s Typhoon-hit Facilities Nearly Restored, Production Normalized

SEOUL, Dec. 29 (Korea Bizwire) — South Korea’s top steelmaker, POSCO, has restored most of its facilities damaged by a September typhoon and normalized production, the industry ministry said Thursday. The superstrong Typhoon Hinnamnor pounded POSCO’s steel mill in Pohang, 272 kilometers southeast of Seoul, leading to the suspension of its major facilities. All three [...]

DSME Partners with POSCO on New Shipbuilding Materials

DSME Partners with POSCO on New Shipbuilding Materials

SEOUL, Dec. 14 (Korea Bizwire) – South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Wednesday it has signed a business partnership agreement with top local steelmaker POSCO on the development of new shipbuilding materials. The deal calls for joint efforts to develop new shipbuilding materials and welding technologies that will be applied [...]

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 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, GS Energy Establish Battery Recycling Joint Venture

POSCO, GS Energy Establish Battery Recycling Joint Venture

SEOUL, Oct. 7 (Korea Bizwire) — POSCO Holdings Co., the largest steelmaker in South Korea, announced on Thursday that it had established a battery recycling joint venture with GS Energy Corp., an energy unit of GS Group. Both entities have engaged in talks since September last year on how to promote cooperation in their core [...]

POSCO to Enter Blue Hydrogen Biz

POSCO to Enter Blue Hydrogen Biz

SEOUL, Sept. 28 (Korea Bizwire) — POSCO Group, South Korea’s leading steelmaker, said Wednesday it will actively enter the blue hydrogen business as part of efforts to expand its non-steel business. POSCO Holdings Inc. has signed a memorandum of understanding with its affiliate POSCO Engineering & Construction Co. and major hydrogen company Approtium Co. to [...]