Information
6261 Donghaean-ro, Nam-gu, Pohang, Gyeongsangbuk-do, South Korea
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Overview
- Summary
- POSCO is a global steel manufacturing company headquartered in South Korea, producing magnesium plates, stainless steel, and various steel products. Beyond its core steel business, the company actively invests in eco-friendly future materials and technologies, such as secondary battery materials and hydrogen reduction steelmaking technology, diversifying its business portfolio. Recognized as the 233rd largest corporation in the Fortune Global 500 in 2024, it holds a significant global standing. It operates steel businesses in 13 countries worldwide, with two integrated steel mills in Pohang and Gwangyang.POSCO is a global steel manufacturing company headquartered in South Korea, producing magnesium plates, stainless steel, and various steel products. Beyond its core steel business, the company actively invests in eco-friendly future materials and technologies, such as secondary battery materials and hydrogen reduction steelmaking technology, diversifying its business portfolio. Recognized as the 233rd largest corporation in the Fortune Global 500 in 2024, it holds a significant global standing. It operates steel businesses in 13 countries worldwide, with two integrated steel mills in Pohang and Gwangyang.
- Key Products/Technologies
- **Steel Products**: A diverse range of flat and long steel products including hot-rolled, cold-rolled, stainless steel, heavy plates, wire rods, and electrical steel. Strong capabilities in producing high-value steel grades such as Advanced High-Strength Steels (AHSS), GigaSteel for automotive, and heavy plates for shipbuilding. Expertise in supplying high-grade steel plates for LNG carriers and ammonia-ready vessels.**Steel Products**: A diverse range of flat and long steel products including hot-rolled, cold-rolled, stainless steel, heavy plates, wire rods, and electrical steel. Strong capabilities in producing high-value steel grades such as Advanced High-Strength Steels (AHSS), GigaSteel for automotive, and heavy plates for shipbuilding. Expertise in supplying high-grade steel plates for LNG carriers and ammonia-ready vessels.
- **Eco-friendly Steel Technologies**: Development and commercialization of HyREX, a hydrogen reduction ironmaking technology, to significantly reduce carbon emissions through process innovation. Based on the fluidized bed technology of its proprietary FINEX process, HyREX can economically produce molten iron using low-grade iron ore directly. Accelerating the establishment of a low-carbon production system with the construction of a new electric arc furnace in Gwangyang.**Eco-friendly Steel Technologies**: Development and commercialization of HyREX, a hydrogen reduction ironmaking technology, to significantly reduce carbon emissions through process innovation. Based on the fluidized bed technology of its proprietary FINEX process, HyREX can economically produce molten iron using low-grade iron ore directly. Accelerating the establishment of a low-carbon production system with the construction of a new electric arc furnace in Gwangyang.
- **Secondary Battery Materials**: Establishment of a complete value chain for secondary battery core materials, including lithium, nickel, cathodes, and anodes, through group companies like POSCO Future M. Strengthening raw material competitiveness by securing lithium brine resources in Argentina and Chile, spodumene in Australia, and nickel joint ventures in Indonesia. Commenced operation of its first major lithium hydroxide plant in 2025, transitioning into an eco-friendly materials supplier.**Secondary Battery Materials**: Establishment of a complete value chain for secondary battery core materials, including lithium, nickel, cathodes, and anodes, through group companies like POSCO Future M. Strengthening raw material competitiveness by securing lithium brine resources in Argentina and Chile, spodumene in Australia, and nickel joint ventures in Indonesia. Commenced operation of its first major lithium hydroxide plant in 2025, transitioning into an eco-friendly materials supplier.
- **Smart Factory and Digital Transformation**: Optimization of manufacturing processes and realization of smart steelworks through the application of AI, IoT, and big data analytics. Enhanced productivity and reduced emissions through AI-based smart blast furnace operations. Implementation of industrial robots for a safer work environment and establishment of automated logistics systems.**Smart Factory and Digital Transformation**: Optimization of manufacturing processes and realization of smart steelworks through the application of AI, IoT, and big data analytics. Enhanced productivity and reduced emissions through AI-based smart blast furnace operations. Implementation of industrial robots for a safer work environment and establishment of automated logistics systems.
- **Eco-friendly Construction Solutions**: Development of 'Innovilt Zero-Energy Villas' using PosMAC steel, known for its excellent corrosion resistance and robustness, for eco-friendly construction. Achieved zero-energy certification by incorporating solar panels and high-efficiency systems. Supplies 'Greenable' steel products tailored for renewable energy, such as wind and solar power generation.**Eco-friendly Construction Solutions**: Development of 'Innovilt Zero-Energy Villas' using PosMAC steel, known for its excellent corrosion resistance and robustness, for eco-friendly construction. Achieved zero-energy certification by incorporating solar panels and high-efficiency systems. Supplies 'Greenable' steel products tailored for renewable energy, such as wind and solar power generation.
- Core Advantages
- **Global Market Leadership and Technological Competitiveness**: Consistently ranked as the 'World's Most Competitive Steelmaker' for 15 consecutive years by World Steel Dynamics (WSD), a global steel industry research agency. Holds market leadership in premium product segments, including high-strength automotive steel (AHSS), GigaSteel, and heavy plates for shipbuilding.**Global Market Leadership and Technological Competitiveness**: Consistently ranked as the 'World's Most Competitive Steelmaker' for 15 consecutive years by World Steel Dynamics (WSD), a global steel industry research agency. Holds market leadership in premium product segments, including high-strength automotive steel (AHSS), GigaSteel, and heavy plates for shipbuilding.
- **Pioneering Hydrogen Reduction Steelmaking Technology**: Leading the low-carbon steel production era with its proprietary hydrogen reduction ironmaking technology, HyREX, which uses hydrogen instead of coal to significantly reduce carbon emissions. This is a core strategy for achieving its 2050 carbon neutrality goal, alongside developing low-carbon bridge technologies compatible with existing facilities and constructing new electric arc furnaces.**Pioneering Hydrogen Reduction Steelmaking Technology**: Leading the low-carbon steel production era with its proprietary hydrogen reduction ironmaking technology, HyREX, which uses hydrogen instead of coal to significantly reduce carbon emissions. This is a core strategy for achieving its 2050 carbon neutrality goal, alongside developing low-carbon bridge technologies compatible with existing facilities and constructing new electric arc furnaces.
- **Vertical Integration in Secondary Battery Materials Business**: The only global steel group to establish an integrated value chain for secondary battery materials, from securing lithium and nickel raw materials to producing cathodes and anodes. This strategic pivot addresses the growth of the electric vehicle (EV) market, diversifies revenue streams, and reduces reliance on pure steel operations.**Vertical Integration in Secondary Battery Materials Business**: The only global steel group to establish an integrated value chain for secondary battery materials, from securing lithium and nickel raw materials to producing cathodes and anodes. This strategic pivot addresses the growth of the electric vehicle (EV) market, diversifies revenue streams, and reduces reliance on pure steel operations.
- **Integrated Production and Supply Chain Efficiency**: Achieves low unit costs and stable supply capabilities through its world-scale integrated steel mills in Pohang and Gwangyang. Operates global processing centers near major automotive hubs for just-in-time delivery. Extensive international network and subsidiaries across more than 80 countries ensure broad global market access.**Integrated Production and Supply Chain Efficiency**: Achieves low unit costs and stable supply capabilities through its world-scale integrated steel mills in Pohang and Gwangyang. Operates global processing centers near major automotive hubs for just-in-time delivery. Extensive international network and subsidiaries across more than 80 countries ensure broad global market access.
- **ESG Management and Sustainability**: Strong commitment to ESG management, evidenced by its 'Net Zero by 2050' declaration, enhanced eco-friendly product portfolio, and publication of sustainability reports. Recognized as a 'Sustainability Champion' by the World Steel Association for three consecutive years, demonstrating environmental leadership. Achieved 'Leadership' grade in both Climate Change and Water Resource Management from CDP evaluation. Established and operates an environmental management system based on ISO14001.**ESG Management and Sustainability**: Strong commitment to ESG management, evidenced by its 'Net Zero by 2050' declaration, enhanced eco-friendly product portfolio, and publication of sustainability reports. Recognized as a 'Sustainability Champion' by the World Steel Association for three consecutive years, demonstrating environmental leadership. Achieved 'Leadership' grade in both Climate Change and Water Resource Management from CDP evaluation. Established and operates an environmental management system based on ISO14001.
- Target Industrie
- Automotive Industry: Supplies high-strength lightweight steel plates (AHSS, GigaSteel) to global automakers and component manufacturers such as Hyundai Motor Group, Toyota, and General Motors. Provides non-oriented electrical steel (NOES) for EV motors and grain-oriented electrical steel (GOES) for transformers.Automotive Industry: Supplies high-strength lightweight steel plates (AHSS, GigaSteel) to global automakers and component manufacturers such as Hyundai Motor Group, Toyota, and General Motors. Provides non-oriented electrical steel (NOES) for EV motors and grain-oriented electrical steel (GOES) for transformers.
- Shipbuilding Industry: Supplies high-grade heavy plates and cryogenic steel for the construction of high-value vessels like LNG carriers and ammonia-ready vessels. Major clients include shipyards in South Korea and China.Shipbuilding Industry: Supplies high-grade heavy plates and cryogenic steel for the construction of high-value vessels like LNG carriers and ammonia-ready vessels. Major clients include shipyards in South Korea and China.
- Construction and Infrastructure Industry: Provides structural steel, heavy plates for bridges and plants, and steel materials for smart city and infrastructure projects. Offers eco-friendly construction solutions, such as zero-energy steel villas utilizing PosMAC steel.Construction and Infrastructure Industry: Provides structural steel, heavy plates for bridges and plants, and steel materials for smart city and infrastructure projects. Offers eco-friendly construction solutions, such as zero-energy steel villas utilizing PosMAC steel.
- Home Appliance Industry: Supplies various steel materials, including cold-rolled and stainless steel sheets, for the manufacturing of home appliances.Home Appliance Industry: Supplies various steel materials, including cold-rolled and stainless steel sheets, for the manufacturing of home appliances.
- Energy Industry: Provides line pipes and API plates for the oil and gas industry, and steel materials for renewable energy generation facilities (wind, solar power). Supplies electrical steel for grid modernization and offshore wind power components.Energy Industry: Provides line pipes and API plates for the oil and gas industry, and steel materials for renewable energy generation facilities (wind, solar power). Supplies electrical steel for grid modernization and offshore wind power components.
- Secondary Battery Industry: Supplies core secondary battery materials like cathodes and anodes to battery manufacturers such as LG Energy Solution, Samsung SDI, and SK On.Secondary Battery Industry: Supplies core secondary battery materials like cathodes and anodes to battery manufacturers such as LG Energy Solution, Samsung SDI, and SK On.
- Major Markets
- South Korea, China, Vietnam, India, Indonesia, Japan, Thailand, Malaysia, Philippines, Myanmar (gas projects), ASEAN countries, Middle EastSouth Korea, China, Vietnam, India, Indonesia, Japan, Thailand, Malaysia, Philippines, Myanmar (gas projects), ASEAN countries, Middle East
- Poland, Turkey, Italy, Russia, Ukraine, EU regionPoland, Turkey, Italy, Russia, Ukraine, EU region
- United States, Mexico, CanadaUnited States, Mexico, Canada
- Australia (raw materials and energy partnerships)Australia (raw materials and energy partnerships)
- Brazil, Argentina (lithium resources), Chile (lithium resources)Brazil, Argentina (lithium resources), Chile (lithium resources)
- Certifications/Patents
- **HyREX Hydrogen Reduction Steelmaking Technology**: POSCO's proprietary innovative technology that uses hydrogen as a reducing agent instead of coal, significantly reducing carbon emissions.**HyREX Hydrogen Reduction Steelmaking Technology**: POSCO's proprietary innovative technology that uses hydrogen as a reducing agent instead of coal, significantly reducing carbon emissions.
- **FINEX Technology**: A unique process technology that directly uses coal and iron ore to produce molten iron, diverging from traditional blast furnace methods. Serves as the foundation for HyREX technology development.**FINEX Technology**: A unique process technology that directly uses coal and iron ore to produce molten iron, diverging from traditional blast furnace methods. Serves as the foundation for HyREX technology development.
- **PosMAC Steel Plate**: POSCO's innovative steel plate technology known for its excellent corrosion resistance and robustness. Applied in eco-friendly constructions such as zero-energy steel villas.**PosMAC Steel Plate**: POSCO's innovative steel plate technology known for its excellent corrosion resistance and robustness. Applied in eco-friendly constructions such as zero-energy steel villas.
- **Eco-friendly Product Brands**: Operates eco-friendly product brands including INNOVILT, eAutopos, and Greenable. Aims to increase eco-friendly product sales to 12 million tons by 2030.**Eco-friendly Product Brands**: Operates eco-friendly product brands including INNOVILT, eAutopos, and Greenable. Aims to increase eco-friendly product sales to 12 million tons by 2030.
- **ESG Certifications and Awards**: Recognized as a 'Sustainability Champion' by the World Steel Association for three consecutive years. Achieved 'Leadership' grade in both Climate Change and Water Resource Management in the CDP (Carbon Disclosure Project) evaluation. Established and operates an environmental management system based on ISO14001.**ESG Certifications and Awards**: Recognized as a 'Sustainability Champion' by the World Steel Association for three consecutive years. Achieved 'Leadership' grade in both Climate Change and Water Resource Management in the CDP (Carbon Disclosure Project) evaluation. Established and operates an environmental management system based on ISO14001.
- **Extensive Patent Base**: Possesses an extensive patent base in premium steel grades through co-development programs with OEMs (Original Equipment Manufacturers). This contributes to pricing power and customer retention.**Extensive Patent Base**: Possesses an extensive patent base in premium steel grades through co-development programs with OEMs (Original Equipment Manufacturers). This contributes to pricing power and customer retention.
Introduction
Location
6261 Donghaean-ro, Nam-gu, Pohang, Gyeongsangbuk-do, South Korea
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