GM Korea & POSCO A Partnership for Innovation

GM Korea & POSCO: A Partnership for Innovation

POSCO works closely with its partners to provide customized solutions for their products. One of POSCO’s biggest partners is GM Korea, and their auto-steel partnership goes back 15 years. On May 30th, as part of POSCO’s Solution Marketing 2.0 initiative, GM Korea representatives visited POSCO’s Global R&D Center in Incheon to take part in various programs. This event follows the successful launch of the 2017 All New Chevrolet Cruze made with POSCO GIGA STEEL. GM Korea’s representatives were invited to take part in a fatigue test, a high-speed crash test as well as to tour of the labs and discuss Chevy’s All New Cruze. The 2017 All New Chevrolet Cruze GM Korea released its 2017 All New Chevy Cruze earlier...

High Manganese Steel for Limitless Innovations

Five High Manganese Steels for Limitless Innovations

POSCO’s five types of High Manganese Steel (HMS) are innovative solutions to various industries’ material and technological limitations. HMS is a mixture of iron and high levels of Manganese. In precise ratios, the steel alloy will have properties such as wear-resistance, high formability and non-magnetism. These developments are significant for the applicable industries because Manganese is lower in material and production costs than other types of alloying elements with similar properties. This means manufacturers can cut back on the cost of production without compromising the quality of steel. Here’s a close look at the 5 types of HMS and how each can lead to innovations in its respective industry. High Mn Steel for Slurry Pipes (PosM_XD) POSCO’s HMS for slurry...

Will Artificial Intelligence Lead to Breakthroughs in the Steel Industry

Will Artificial Intelligence Lead to Breakthroughs in the Steel Industry?

POSCO has been named the world’s most competitive steelmaker for eight years in a row. With the focus to provide advanced steel solutions as well as maximize its non-steel sectors, POSCO has become a leader in innovating manufacturing processes. Since the beginning of last year, POSCO has been expanding its investments in smart factories by incorporating advanced artificial intelligence (AI) and IoT technologies into its manufacturing processes. With the emergence of the 4th industrial revolution as a hot topic of the world economy, AI is expected to drive manufacturing innovation by providing breakthroughs in smart factories. In his recent POSCO Issue Report, Kim Ho-In, a senior researcher at POSRI, examined what innovations AI can bring to the upgrowth of smart...

Sustainability Report on the Steel Industry Shows Shortcomings & Strengths

Sustainability Report on the Steel Industry Highlights Gaps and Strengths

The steel industry currently contributes around 6-7% of global greenhouse gas (GHG) emissions, considered by many to be one of the main causes of global warming. While many governments and businesses around the world remain committed making the appropriate changes to their production lines to see no more than a 2 degrees Celsius increase, the steel industry is lagging behind other industries in developing methods to meet these goals. In its October 2016 “Nerve of Steel” report, the Carbon Disclosure Project, or CDP, found that steel companies had quite a ways to go in order to meet targets set by the Paris Agreement – the industry as a whole would need to reduce emissions by 70% by 2050. While their...

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...

4O4T2991

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...

READ MORE