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 [...]
SEOUL, Sept. 13 (Korea Bizwire) — South Korean steel giant POSCO said Tuesday that its three blast furnaces are back in operation, about a week after the shutdown of the facilities over Typhoon Hinnamnor. POSCO halted the three blast furnaces at its main steel mill in the southeastern city of Pohang last week as the [...]
SEOUL, Sept. 12 (Korea Bizwire) — South Korean steel giant POSCO said Monday it expects to be able to put three blast furnaces back in operation this week, about a week after the shutdown of the structures over Typhoon Hinnamnor. POSCO halted the No. 2, 3 and 4 blast furnaces at its main steel mill [...]
SEOUL, Sept. 11 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, said Sunday it has restarted one of three blast furnaces at its main steel mill, which had been shuttered over Typhoon Hinnamnor last week. POSCO halted operations of the No. 2, 3 and 4 blast furnaces in Pohang, an industrial city located some 270 [...]
SEOUL, Sept. 7 (Korea Bizwire) — Damage from super typhoon Hinnamnor caused POSCO to stop operations of three furnaces, sparking concerns over production loss, industry sources said Wednesday. POSCO, the country’s largest steelmaker, suspended operations of the three of the blast furnaces in the southeastern city of Pohang, about 370 km southeast of Seoul, as [...]
SEOUL, Sept. 1 (Korea Bizwire) — POSCO Holdings Co., the largest steelmaker in South Korea, said Thursday it has signed a memorandum of understanding with India’s Greenko to produce so-called green hydrogen. Under the deal, the two will launch a project to produce green hydrogen and ammonia in India by using renewable energy. The two [...]
SEOUL, Aug. 26 (Korea Bizwire) — POSCO Holdings Co., the world’s fifth-largest steelmaker by output, said Friday it has completed the construction of a used secondary battery recycling plant in Poland as part of its push to expand its presence in the burgeoning sector. The Poland Legnica Sourcing Center (PLSC), in Brzeg Dolny, some 30 [...]
SEOUL, Aug. 15 (Korea Bizwire) — POSCO Engineering & Construction Co., the construction arm of South Korea’s leading steelmaker, POSCO, has announced the development of a biophilic parking lot designed to bring sunlight and plant life to the underground floors below an apartment complex. The parking lot’s first basement floor is designed to bring in [...]
SEOUL, July 28 (Korea Bizwire) — The Supreme Court on Thursday upheld a ruling that ordered steelmaker POSCO to grant the status of direct employees to 55 of its former subcontract workers. A total of 59 workers of POSCO’s subcontractors filed suits in 2011 and 2016, demanding the company recognize them as direct employees as [...]
SEOUL, July 28 (Korea Bizwire) — POSCO and Indonesia’s state-run steelmaker Krakatau agreed on Thursday to spend US$3.5 billion over the next five years on building a second furnace in the Southeast Asian country to meeting growing demand. POSCO and Krakatau already run PT.KRAKATAU-POSCO, their joint venture located in the major industrial city of Cilegon [...]