Week needed for restoration after fire at Posco's Pohang steel mill

Another blaze broke out in Posco's steel mill in Pohang, North Gyeongsang, on Sunday, raising doubts more than proper management of the aged equipment at the world's second-largest steel factory that has suffered multiple fires in recent years.

2024-11-10

Fire erupts at Posco steel plant; one worker injured

A fire broke at a Posco factory in the southeastern city of Pohang, North Gyeongsang early Sunday, leaving one worker injured, fire authorities said.

2024-11-10

Posco has eye on supply with Argentina lithium plant

Posco Holdings became the first Korean company to establish a lithium hydroxide factory at a foreign salt lake as part of efforts to stabilize its supply chain of the compound for secondary batteries.

2024-10-31

Posco Holdings income drops as steel industry continues to struggle

Posco Holdings said Wednesday that its third quarter net had income dropped 9.1 percent on year due to a slump in the global steel industry and stagnation of electric vehicle demand.

2024-10-30

Posco, JSW Group to build joint steel plant in India

Posco Group and JSW Group will build a joint steel plant in Odisha, India, with plans for green energy and battery material collaboration.

2024-10-29

Posco looks to boost efficiency, safety with smart factories

Posco is moving forward with its plan to convert its facilities into smart factories. It has combined five decades of expertise and field experience with the internet of things (IoT), AI and big data to construct an optimal production site equipped..

2024-10-29

Gov't, private sector to pour $2.6 billion into manufacturing industry for AI

The government and private sector will invest a combined 3.7 trillion won ($2.6 billion) into 26 projects within the manufacturing industry to apply AI technologies aimed at improving productivity, the Industry Ministry said Monday.

2024-10-28

Posco, Goyang, Korean Air, LIG Nex1 and Korea Aerospace University join hand to advance vertiport tech

Posco has formed a strategic partnership with the city of Goyang, Korean Air, LIG Nex1 and Korea Aerospace University to advance technology for vertiports supporting urban air mobility (UAM), it said on Friday.

2024-10-25

Posco forges sustainability path with new use for slag

Posco is advocating for a more sustainable circular economy and society by repurposing waste material from the steelmaking process. The company is seeking to act on the significant amount of slag, dust and sludge produced daily as a byproduct in...

2024-10-08

Posco Group eyes lofty $144B market capitalization valuation by 2030

Posco Group plans to expand in the materials engineering field and surpass all competitors in corporate value by achieving a market capitalization of 200 trillion won ($144 billion) by 2030.