Ask an Expert How Steel is Constantly Evolving

Ask an Expert: How Steel is Constantly Evolving

Park Jong-jae, a motorsport columnist, explores how POSCO GIGA STEEL provides an ideal solution to today’s evolving automotive industry in part three of his POSCO GIGA STEEL series. Compared to the world’s very first cars, today’s cars are faster, stronger, safer and have more sophisticated designs. As alternative materials like aluminum are increasingly being used for car parts that were originally made of steel, some even refer to this trend as a “material war.” “Material War” in the Auto Industry Recently, various substitutes for steel have entered the picture and are being applied in commercial vehicles. The most commonly used materials are aluminum and CFRP (Carbon Fiber Reinforced Plastic). Beginning in the 1930’s, aluminum was primarily used as a lightweighting...

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How a Steel Company is Changing the Rechargeable Battery Industry

As greenhouse gas emissions and climate change capture the attention of governments, corporations, and individuals around the globe, there is an increased focus on the development and storage of “greener” energy. Central to this are rechargeable batteries that can be used in electric grid storage units, smartphones, laptops, and electric vehicles. These products are pushing global lithium supply to its limits, forcing innovations in lithium production technologies, sources, and battery development. Below we take a closer look at POSCO’s recent developments in lithium extraction and rechargeable battery production. Technological innovations have helped POSCO emerge as a leader in the industry as it seeks to make each step of the process more sustainable, more affordable, and less wasteful. POSCO Innovates Lithium...

POSCO Furthers Sustainable Development Through 2017 Global Volunteer Week

POSCO Furthers Sustainable Development Through 2017 Global Volunteer Week

From proper waste recycling to giving back to local communities, sustainable management has always been a core value for POSCO as evidenced by the latest acknowledgment from Corporate Knights, which recognized it as one of the world’s most sustainable companies. POSCO has held its annual community service tradition, the POSCO Global Volunteer Week, since 2010.  This year, from May 24 to 30, over 79,000 POSCO Group employees from 52 different countries, including Korea, Turkey, Vietnam and the U.S., rolled up their sleeves and got to work. Here’s a look at some of the highlights. POSCO Group in Korea In Korea, POSCO Group employees made home improvements for underprivileged neighborhoods, mentored local youth and had a blast painting wall murals. In...

POSCO 1% Sharing Foundation Builds Sustainable Neighborhoods with Steel

POSCO 1% Sharing Foundation Builds Sustainable Neighborhoods with Steel

For some, steel may be nothing more than an alloy of iron used as a structural and fabricating material. But when steel is combined with compassion and collaboration, it can turn into something greater and more powerful. The POSCO 1% Foundation and their “POSCO Steel Village” project are just one example. The POSCO 1% Sharing Foundation The POSCO 1% Sharing Foundation was created in 2013 to mobilize support from POSCO Group employees and subcontractors. Volunteers donate 1% of their monthly salary to the foundation, which then goes to fund projects for communities that need support the most. The Foundation has completed a number of meaningful projects under this venture utilizing the company’s advanced steel products, such as PosMAC and PosCozy....

POSCO Leads India’s Growing Automotive Steel Market

Ask an Expert: POSCO Leads India’s Growing Automotive Steel Market

The Steel Wire sat down with three employees from POSCO Maharashtra to get an insider’s look at their recent successes and future vision. Improvements in quality, production, and customer service have all contributed towards helping them become POSCO’s largest subsidiary in India. Find out more from Ajay Telrandhe in Quality Assurance and Manish Kochar & Chetan Waghchoure in Sales. Q1. Despite several market challenges heading into 2016, POSCO Maharashtra has become POSCO’s most successful subsidiary. What would you credit with this quick turnaround? Manish Kochar: At the beginning of last year, there were many import restrictions imposed by the government of India, and at the start of 2015 a lot of people were not sure whether we could even survive. We were...

POSCO GIGA STEEL Opens Door to the Future of the Auto Industry

Contributor: POSCO GIGA STEEL Opens Door to the Future of the Auto Industry

Park Jong-jae, a motorsport columnist, explores how POSCO GIGA STEEL provides the ideal solution to meet the needs of today’s auto industry and its increasingly strict demands. This article is part two of our POSCO GIGA STEEL series. Read Part one on how POSCO GIGA STEEL goes beyond the limits of traditional lightweight materials. Auto Industry’s Challenge to Meet Consumer Demands Mileage, design, and emissions. Which do you consider the most when purchasing a car? It is difficult to say that one is more important than the others, and fortunately, POSCO GIGA STEEL offers unique benefits for each one to meet the needs of today’s auto industry as it faces increasingly strict demands on safety and fuel efficiency. More than...

POSCO TCS Finds Success in Growing Thai Auto Market

Ask an Expert: POSCO TCS Finds Success in Growing Thai Auto Market

The automotive industry in Thailand is the largest in Southeast Asia and the 12th largest in the world. Producing nearly 2 million automobiles per year, its annual output is larger than those in Italy, the UK, and Russia – and Thailand is well-positioned for further growth. In particular, through the recent zero-tariff measures taken among ASEAN Economic Community (AEC) member states and the Thai government’s push for more eco-friendly cars, the market is expected to see high growth potential with an expanded annual production capacity of 2.8 million by 2020. Due to the growing auto market in Thailand, demand for automotive steel is also on the rise. Thai car makers all prefer to receive materials from local suppliers, so steel companies...

3 Reasons Why POSCO GIGA STEEL is Ideal for Automakers

6 Reasons Why POSCO GIGA STEEL is Ideal for Automakers

Throughout April and May, The Steel Wire is taking an in-depth look at how the auto industry is evolving through advancements in material technologies. Advanced high-strength steels (AHSS), like POSCO GIGA STEEL, offer the automakers a unique solution that combines light weighting properties, strength, and affordability. Take a look at the articles below for a more detailed look at POSCO GIGA STEEL and the advanced high strength steel solutions available to the auto industry. 1. Three Trends that Will Forever Change the Automotive Industry The last 15 years have seen cars that are connected, autonomous, shared, and electric. These recent trends represent a turning point for an industry that is being forced to recognize the quickly changing habits of its...

[Infographic] Driving the Future with POSCO GIGA STEEL

Infographic: Driving the Future with POSCO GIGA STEEL

As standards for fuel efficiency, CO2 emissions, and auto safety become more strict, auto manufacturers and consumers are looking for lighter, more eco-friendly, and safer cars. As the auto industry changes, POSCO GIGA STEEL provides an ideal solution for both auto manufacturers and consumers. It combines several unique features: Strength & Safety: POSCO GIGA STEEL is more than three times stronger than automotive aluminum. Because of its high strength, POSCO GIGA STEEL also adheres to some of the most stringent international safety standards. Formability: Because the mixing ratio of manganese has been precisely controlled, POSCO GIGA STEEL has highly formable properties that allow it to be made into complex auto parts without any special processing. Lightweighting: Because POSCO GIGA STEEL boasts...

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