“POSCO, the world’s most competitive steelmaker for 15 consecutive years, produces steel in 13 countries across the globe.”
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Global No.1
The world's most
competitive steelmaker for 15 consecutive years (2010-2024)according to the World Steel Dynamics (WSD),
a global steel industry research agency -
Global No.1
The world's largest integrated steelworks
(Based on capacity of crude steel production, the world’s largest steelworks
in Gwangyang, Korea)With 39.94M tons of global crude steel output, POSCO is the world’s 7th largest steel producer (2023)
POSCO Group is accelerating the transition to low-carbon steelmaking processes in Korea, while investing overseas to gain momentum for sustainable growth.
Domestic Steel Production
We are pioneering future markets by switching to low-carbon steelmaking processes and upgrading our portfolio of eco-friendly products.
- · Installing electric arc furnaces and develop low-carbon bridge technologies compatible with existing facilities
- · Increasing sales of low-carbon products and make bold investments
- · Enhancing process efficiency by integrating digital technologies and innovative steelmaking processes
Overseas Steel Production
We have established a global network of steel mills, processing centers and procurement subsidiaries. To strengthen our foothold in growth markets, we intend to make investments in three regions.
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Build production systems in growth markets with local partners
(India, North America and Indonesia) - · Partner with raw materials and energy companies (Australia)
Overseas subsidiaries (13 steel mills and 25 processing centers in 13 countries)
Investment candidates
In 2020, POSCO became the first Asian steelmaker to commit to ‘Net Zero by 2050.’ We will lead the transition to low-carbon steelmaking by developing hydrogen reduction ironmaking process.
Develop HyREX, a Proprietary Hydrogen Reduction Technology for Ironmaking
POSCO is developing HyREX, a hydrogen reduction ironmaking technology, in a bid to realize low-carbon steelmaking. Harnessing the proven successes of FINEX technology, HyREX is on track to rapid commercialization.
