steel industry Archives | Be Korea-savvy
S. Korean Steel Makers to Enjoy Potential Benefits from N. Korea: Analysts

S. Korean Steel Makers to Enjoy Potential Benefits from N. Korea: Analysts

SEOUL, Jun. 3 (Korea Bizwire) — South Korean steel makers could see benefits from North Korea’s possible economic opening following the planned summit between U.S. President Donald Trump and North Korean leader Kim Jong-un, analysts here said Sunday. Trump said after a meeting with Kim’s top envoy at the White House that he will meet [...]

South Korean Steel Industry Going Smart in Face of Adversity

South Korean Steel Industry Going Smart in Face of Adversity

SEOUL, Jun. 19 (Korea Bizwire) — As competition in the international steel industry stiffens due to oversupply, South Korean steel companies are embracing smart technology to prepare for the Fourth Industrial Revolution. At the forefront of this trend is South Korean steel-making company POSCO, which announced on Saturday that it has been adopting new artificial [...]

Steel Association Introduces QR Code-based Scheme to Thwart Test Result Fabrication

Steel Association Introduces QR Code-based Scheme to Thwart Test Result Fabrication

SEOUL, July 23 (Korea Bizwire) – In order to prevent the instances of fabricating mill test certificates and thereby reduce the volume of low-quality steel product imports, the Korean Iron & Steel Association has introduced a new QR code-based scheme called “QReal” and entered an emergency mode to fully implement the scheme. According to the association, the [...]