POSCO news and business reports.

POSCO News

Liberty ore/nickel sales raise conduct questions
Thu, 08 Apr 2021 00:00:00 GMT
London-headquartered metals trader Liberty Commodities, part of the vast Gupta Family Group Alliance of companies owned by UK businessman Sanjeev Gupta, made multiple sales of nickel and iron ore pellet to Indian cold-rolled and hot-dip galvanised coil steel producer Uttam Galva between July 2014 and October 2015, according to documents obtained by Argus


STEEL Talk How Does the Tower Crane Become Taller
Fri, 26 Mar 2021 00:00:00 GMT
POSCO Newsroom's STEEL Talk reveals the secret behind the gigantic tower cranes


Exploring Hydrogen with POSCO #3 The Future of Steel Hydrogen-based ...
Wed, 03 Mar 2021 00:00:00 GMT
Join POSCO Newsroom on the journey to the future hydrogen steelworks of 2050, constructed with POSCO's unceasing


Steel makers may not cut prices anytime soon despite easier imports
Thu, 04 Feb 2021 00:00:00 GMT
Major steel producers may not resort to price correction immediately, but the reduction in customs duty on a range of products and duty exemption granted on import of steel scrap might put pressure on steel firms to hold the current prices in the medium term. Higher demand for steel may, however, may come to their aid. Steelmakers are not perturbed with the possibility of higher imports from China, since most of the imports come from FTA countries Japan and Korea. However, they are worried


S.Korea POSCOs 2020 profit falls 38% due to sluggish steel demand
Fri, 29 Jan 2021 00:00:00 GMT
South Korean steelmaker POSCOs 005490.KS operating profit in 2020 slumped 38% from the year before, mainly as margins declined because the coronavirus pandemic cut steel demand while raw material prices rose, the company said on Thursday. The worlds fifth-biggest steelmaker reported 2020 operating profit of 2.4 trillion won ($2.15 billion), according to the company statement. POSCOs fourth-quarter operating profit was 863 billion won ($771.42 million), the statement said, versus an


ArcelorMittal Nippon Steel India inks Rs 5K cr pact with POSCO ...
Fri, 29 Jan 2021 00:00:00 GMT
POSCO Maharashtra Steel has been a valued customer for years and this MoU further strengthens our relationship with a promise to deliver smarter and better steel, said Dilip Oommen, Chief Executive Officer, ArcelorMittal Nippon Steel India (AMNS India) in a statement on


Iron ore price leaps into 2021
Wed, 06 Jan 2021 00:00:00 GMT
Iron ore prices started the new year with a bang on Monday as unprecedented demand from China counteracted government calls for sharp cuts in the countrys steel output. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China (CFR Qingdao) were changing hands for $165.29 a tonne on Monday, up 3% on the day. Sign Up for the Iron Ore Digest In December, the steelmaking raw material hit its highest level since September 2011 after gaining nearly 80% during the year.


World Steel Association: Accelerating decarbonization
Mon, 28 Dec 2020 00:00:00 GMT
Commitments to decarbonise the global economy are gaining momentum. China has pledged to hit peak emissions by 2030 and to reach net zero by 2060. The EU, Japan and South Korea are all aiming for net zero by 2050. The Biden administration in the USA is rejoining the Paris Agreement. In this context, and as one of the hard to abate industrial sectors, the steel industry recognises that we need to act. Our industry is a truly global one, with steel producers operating in different


POSCO - Press Release
Fri, 27 Nov 2020 00:00:00 GMT
POSCO Participates in a Regional Regeneration Project


POSCO - Press Release
Thu, 26 Nov 2020 00:00:00 GMT
POSCO Improves Employee Competencies with New Collar Program


Crude steel production plummeted in 2020, but demand is rising
Fri, 20 Nov 2020 00:00:00 GMT
Production of crude steel in Korea is projected to fall below 70 million tons this year for the first time in four years. But Korea is expected to hold on to the sixth spot globally in terms of crude steel production as plummeting demand for automobiles, ships and construction impact the industry worldwide. According to data provided by the World Steel Association and Korea Iron & Steel Association, Koreas production of crude steel from January through September was 49.6 million tons,


POSCO - Press Release
Fri, 20 Nov 2020 00:00:00 GMT
Meet the Special Volunteer Masters of POSCO



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