Painting City Skies with Steel Skyscrapers

Painting City Skies with Steel Skyscrapers

Last year, 144 skyscrapers over 200 meters were built all over the world, setting a new record for the greatest number of skyscrapers built in a single year. The 144 skyscrapers can be found in 69 different cities across 23 countries, but more than half of them were built in China. The tall buildings come in a variety of shapes and sizes, but they have one thing in common: steel is the material serving as the backbone of the grand structures. This year, more skyscrapers will fill the skylines of cities, mostly in Asia. Continuing on from previous years, cities, architects and the general public alike are favoring low-energy, sustainable buildings and showing a tendency to renovate existing buildings with...

Why India’s Steel Industry Has Yet to Reach its Full Potential

Why India’s Steel Industry Has Yet to Reach its Full Potential

India is the fastest developing nation in the world, with its GDP growth surpassing that of China’s. India’s accelerated growth took speed under the new leadership of Prime Minister Narendra Modi in 2014. He implemented state-led, growth-oriented and protectionist economic policies that resulted in consecutive years of GDP growth over 7 percent. Most notably, Prime Minister Modi launched the “Make in India” initiative in September 2014, showing his resolve to revamp the manufacturing industry in India. Under the initiative, domestic as well as foreign companies are encouraged to manufacture their goods in India with the goal of increasing the makeup of the manufacturing industry to 25 percent of GDP by 2025. At the heart of the initiative is the government’s...

POSCO Builds PyeongChang’s Olympic Facilities to Gold Standard

POSCO Builds PyeongChang’s Olympic Facilities to Gold Standard

The wait is finally over for the 2018 PyeongChang Winter Olympic Games and world-class athletes from all over the world will showcase their skills as they vie for their medals. Ever since PyeongChang won the bid to host the 23rd winter games back in 2011, event organizers have been busy making sure the facilities in PyeongChang and Gangneung will be ready in time to host the biggest global sports event of the year. The budget for the entire event was estimated to be around USD 10 to 13 billion to get PyeongChang in prime shape to host more than 6000 athletes and officials from all over the world. As a result, the winter games will take place in 13 different...

“Steel”ing the Spotlight at the North American International Auto Show

“Steel”ing the Spotlight at the North American International Auto Show

This year’s North American International Auto Show (NAIAS) held in Detroit from January 13-28 was buzzing with the latest car models fresh off the assembly line. As the event immediately follows the Consumer Electronics Show (CES), people were expecting more autonomous, electric or at least hybrid vehicles in the spotlight, but the majority of automakers focused on what’s in store for everyone’s nearer future. Continuing on what we saw during the past few years, the focus this year again was on improving safety, performance and design, all at the lightest weight possible for fuel economy. While there have been debates in the past about the best lightweight material, there was a clear winner at this year’s NAIAS. Almost every car,...

Steel Steady Building Earthquake-Resistant Buildings

Steel Steady: Building Earthquake-Resistant Buildings

According to scientists, there may be more earthquakes than usual in 2018. As part of the Geophysical Research Letters presented at the Geological Society of America, scientists tracked major earthquakes with a magnitude greater than 7 from 1900 to 2017. They found distinct and repetitive intervals at which the average number of earthquakes per year was much higher than other years. These intervals coincide with the Earth’s regular, recurring periods of slower rotation, when the law of inertia causes the molten core of the earth to ooze out towards the surface. After a while, the built-up pressure erupts on the Earth’s surface, compromising the structural integrity of homes, buildings and structures. As structural damage is the leading cause of injury...

POSCO’s Takeaways from CES 2018: Steel Yourself for a Smarter Future

POSCO’s Takeaways from CES 2018: Steel Yourself for a Smarter Future

Under POSCO’s vision for smartization, the company has been working to apply new technologies such as AI, Big Data and IoT to the manufacturing process. In order to stay competitive in the fourth industrial revolution, POSCO CEO Ohjoon Kwon has been exploring new ways to improve POSCO’s technology and continue to lead the smart revolution in the global steel industry. As such, CEO Kwon made his first official visit to the 2018 Consumer Electronics Show (CES) in Las Vegas earlier this month to stay on top of the latest trends in connectivity and smart solutions that can be applied to the manufacturing process in smart factories. SEE ALSO: POSCO CEO Ohjoon Kwon Visits CES 2018 Ultimately, a smart factory for...

Sustainability Matters Staying Competitive in Today’s

Sustainability Matters: Staying Competitive in Today’s Global Economy

An age-old debate exists for and against environmental regulations. Many proponents argue that the environment must be protected at all costs because it is a finite resource. Opponents argue that stringent regulations will only decrease the competitiveness of firms, especially in the wake of globalization. The U-Shaped Relationship However, the argument is not so black and white according to Spyridon Stavropoulos, Ronald Wall and Yuanze Xu’s Environmental regulations and industrial competitiveness: evidence from China. The study suggests that the relationship between stringent economic regulations and industrial (or economic) competitiveness is U-shaped. Meaning, initially, stringent regulations will increase the cost of production and make companies less profitable, but after a certain turning point, companies will be forced to adapt and innovate,...

Building on a Year of Success POSCO’s Top 9 News of 2017

Building on a Year of Success: POSCO’s Top 9 News of 2017

Happy new year from the Steel Wire! It’s a new year and new chance to accomplish those new year’s resolutions, but success is often built on past achievements. POSCO plans to build on all of its achievements in the past year to continue growing in 2018. Check out some of the most successful moments of 2017. 1. #Winning – competitiveness and sustainability POSCO was recently named the world’s most competitive steelmaker for the eighth consecutive year by World Steel Dynamics (WSD). POSCO again took home the gold with the highest scores in five categories including innovative technology, cost reduction, skill level of labor, restructuring and investment environment. Not only did POSCO come out on top for competitiveness, the company was...

The Steel Wire's Top 7 Stories of 2017

The Steel Wire’s Top 7 Stories of 2017

Take a look at the crème de la crème of the Steel Wire’s stories in 2017 – it’s not difficult to see why they topped the list. #1 How Smart Factories are Changing the Manufacturing Industry The Fourth Industrial Revolution is bringing AI, IoT and other automated technologies into people’s lives and changing the way they live and interact with one another. It is also bringing about change in the manufacturing industry as more companies embrace smart factories to further enhance efficiency, performance and safety. Take a deeper look at how smart factories are reinventing the manufacturing industry. SEE ALSO: How Factories Produce Steel- the Smart Way #2 POSCO GIGA STEEL Increases Strength, Improves Safety in Autos This year, POSCO...

Materials Matter: Why Steel Beats Aluminum in the Sustainability Debate

Meet the Experts: The Steel Wire’s Contributors of 2017

Throughout the past year, the Steel Wire collaborated with experts in various industries to create insightful and exclusive stories that expanded our understanding of steel and its applications. Take a look back at 2017 to reflect on our star contributors who helped lend their expert insights to the Steel Wire. Marco Rosignoli – Bridge Building Expert Marco Rosignoli is an expert in bridge design, construction, forensic engineering, consulting and education, with over 37 years of experience in 21 countries. Through a two-part series, Rosignoli gave readers an in-depth look into emerging megacities and their infrastructure needs. According to Rosignoli, efficient transportation is the key to an economically competitive city, and megacities will call for mega-sized bridges made of high-quality steel....

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