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POSCO, the world’s most competitive steelmaker for 14 consecutive years, produces steel in 13 countries across the globe.
Global No.1
The world's most competitive steelmaker
for 14 consecutive years (2010-2023)
according to the World Steel Dynamics (WSD),
a global steel industry research agency
Global No.1
The world's largest integrated steelworks
(Based on crude steel output in 2021)
The world’s largest and second largest steelworks in Gwangyang and Pohang, Korea
(With 42.96M tons of global crude steel output, POSCO is the world’s 6th largest steel producer)
Asia No.1
First Asian steelmaker to obtain
‘ResponsibleSteel’ certification
Pohang and Gwangyang Steelworks certified by ResponsibleSteel, a non-profit organization dedicated to ESG standardization and certification for the global steel industry (2022)
POSCO Group is accelerating the transition to an eco-friendly production and sales system 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 eco-friendly products and make bold investments
- · Enhancing process efficiency by integrating digital technologies and innovative steelmaking processes
Reduce worksite CO2 emissions 10% by 2030
2017-2019 avg
by 2030
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.
-
·
Build production systems and eco-friendly steelmaking processes in growth markets with local partners
(Indonesia, India and the Americas) -
·
Partner with raw materials and energy companies
(Australia and South America)
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 eco-friendly steelmaking by developing hydrogen reduction ironmaking process.
Accelerate the Net Zero Transition
To back up our Net Zero vision with practical solutions, POSCO introduced the 2050 Carbon Neutrality Roadmap.
2017-2019
2030
10%
2040
50%
2050
Net-zero
2050 Carbon Neutrality Roadmap
HyREX explained
Develop HyREX, a Proprietary Hydrogen Reduction Technology for Ironmaking
POSCO is developing HyREX, a hydrogen reduction ironmaking technology, in a bid to realize carbon-neutral steelmaking. Harnessing the proven successes of FINEX technology, HyREX is on track to rapid commercialization.
Low Carbon Strategies
We strive to reduce carbon emissions in the society as well as at our operation sites through green processes. In addition, climate-related carbon footprint information is fully disclosed.
Green Process
- ·Reduce coal consumption and switch to low-carbon feedstock
- ·Develop low-carbon bridge technologies for blast furnaces and converters
- ·Install electric arc furnaces (EAF) and develop EAF technologies
- ·Develop proprietary hydrogen reduction ironmaking technology
Green Product
- ·High-strength automotive sheets & high-efficiency electrical steel sheets
- ·Wire rods produced without heat treatment
- ·Highly durable stainless steel for water pipes
- ·Granulated slag
Green Partnership
- ·Emissions disclosure
- ·Climate action partnership with governments, industries, customers, investors and suppliers
POSCO’s Carbon Neutral Master Brand
POSCO will strengthen communication with customers through eco-friendly products under its Carbon Neutral Masterbrand, Greenate.
POSCO will also continue to deliver green products with three sub-brands: INNOVILT, e Autopos and Greenable.
