POSCO’s Innovation Shapes the Ever-Growing Lithium Market

POSCO’s Innovation Shapes the Ever-Growing Lithium Market

While known for its industry-leading advanced steel products, POSCO has also been working to strengthen its non-steel business portfolio. Amid the rising demand for rechargeable lithium-ion batteries used in smartphones, laptops, and electric vehicles, POSCO has been working on proprietary technology for lithium extraction. Earlier this month POSCO opened its first lithium extraction plant, PosLX, in Korea that is expected to produce 2,500 tons of lithium carbonate per year – enough to produce about 70 million laptop batteries. While most lithium carbonate is extracted from salt deposits, POSCO was the first to develop a way to extract it from wasted batteries.   Lithium Demand to Continue Rising Demand for lithium-ion batteries is expected to rise exponentially in the coming years....

Inspection of facilities for the My M&S initiative

Innovation in Production Systems with POSCO’s QSS+

Innovation is critical in today’s business market. New technology, new products, and new systems must constantly be developed, improved, and maintained in order to remain competitive. At POSCO, to ensure that its facilities, systems, and production lines were running smoothly, and at full capacity, they developed Quick Six Sigma Plus (QSS+). QSS+ worked to streamline its factories helping it to provide some of the most advanced steel products in the industry.   What is QSS+? QSS is a tailored and upgraded version of Six Sigma, a popular technique used in many businesses to reduce defects and variabilities in manufacturing and business processes. Moving beyond creating a clean workplace and restoring facility performance, POSCO further upgraded QSS to QSS+ in August...

POSCO Experts Discuss Advancements in Auto Industry

POSCO’s Beginnings in Automotive Steel: An Interview with 3 Experts

With the North American International Auto Show in full swing, the auto industry is turning its attention toward the smart car technologies and the innovative steel technologies that are required to make cars lighter and smarter. At POSCO, there are many talented researchers, engineers, and factory workers, who are working constantly to make steel stronger, lighter, and longer-lasting. The Steel Wire sits down with three of those POSCO employees who have played essential roles in helping to establish POSCO as an industry leader in automotive steel solutions.   Q1. POSCO has relied on its experts to become an industry leader in advanced automotive steel manufacturing, and you have all played important roles within POSCO’s development of automotive steel. Can you...

new york skyscrapers

The 8 Biggest Stories of 2016

2016 was another big year for POSCO. Despite facing difficult market conditions, POSCO reaffirmed its position as a leader in the steel industry as it was named the Most Competitive Steelmaker in the world for the 7th year in a row. In addition, POSCO continued its push to drive innovation while also improving the quality of its advanced World Premium Products for its customers all over the world. Take a look back at the 8 biggest stories from The Steel Wire in 2016.   1. World’s Most Competitive Steelmaker for the 7th Consecutive Year POSCO was once again named the world’s most competitive steelmaker for the 7th consecutive year by World Steel Dynamics (WSD). In addition, POSCO became the only...

POSCO looks ahead to 2017

POSCO Looks Ahead to 2017

In 2016, excess global supply, rising prices of raw materials, and weak global investment all created significant barriers for steel makers. While managing these industry wide market hurdles, some POSCO domestic affiliates saw sharp declines in profitability. However, due to the successful management of POSCO’s overseas subsidiaries, the combined performance of the group improved significantly. By focusing on sales of high value-added products based on solution marketing, engaging in extensive cost-saving efforts, and generating revenues via the “Innovation POSCO Project”, POSCO was able to deliver a two-digit profit margin and a more than 50-percent jump in stock value. By continuing this work in 2017, POSCO is determined to maintain its position as a leader in the global steel industry. POSCO’s...

POSCO’s PossSD Brings Innovative New Possibilities to the World of Stainless Steel

POSCO’s PossSD Brings Innovative New Possibilities to the World of Stainless Steel

At POSCO, we never stop innovating, looking for new methods and new materials that can improve people’s lives. By developing new types of steel, POSCO is creating new possibilities and expanding efficiencies for all types of construction and creation. One of our most exciting new products is PossSD – which stands for Super Ductile Duplex, a kind of duplex stainless steel. Duplex steel combines two types of stainless steel – austenitic and ferritic – to maximize the strengths and minimize the weakness of each. The idea has been around since the 1920s, but only recently has technology and knowhow reached the point to make this a practical commercial product. And now, POSCO’s PossSD is one of the most exciting types...

POSCO’s UL700 Steel Pipe Is a Big Boost for Scaffolding

POSCO’s UL700 Steel Pipe Is a Big Boost for Scaffolding

Constructing buildings requires more than just the wood, concrete and steel that form the structure. An essential part of large construction projects is the scaffolding – the temporary frame used to support workers and materials as they build. There’s evidence of scaffolding being used in construction going back to 17,000 years ago, with the cave paintings in Lascaux, France. The ancient Greeks, Egyptians, Chinese and Nubians all used scaffolding, too, to create their largest buildings and monuments. Early scaffolding usually consisted of wood and rope – even today in parts of the world, bamboo is still used, even for high rises. But a much more common material for making stronger and safer scaffolding is steel.   Steel Transforms an Old...

PosCoZy

PosCoZy Floor Plates Creates Quieter Apartments

As cities around the world grow ever more crowded and city planners try to rein in urban sprawl, people are increasingly turning to apartment buildings for their homes. But while apartment complexes have many conveniences and advantages, one drawback is often noise, as everyone needs to deal with the footsteps and other sounds of life going on in the apartment above. Or, rather, that was a drawback. POSCO has now introduced PosCoZy, a unique flooring system to combines manganese Z-clips with continuous galvanized steel plates to create floors that greatly reduce impact noise, save space and lower costs.   Leading Noise Reduction Manganese Z-clips have four times higher resistance to vibrations than general steel. Combined with POSCO’s continuous galvanized steel...

Foreseeing the Future of Steel: Futurist Thomas Frey Talks at POSCO EVI Forum

Foreseeing the Future of Steel: Futurist Thomas Frey Talks at POSCO EVI Forum

Digital technology keeps growing faster, cheaper and more ubiquitous, which in turn is transforming the world around us ever faster. Not just computers and cell phones, but transportation, manufacturing, retail and all aspects of our economy and society are being reworked and revolutionized. And steel is not exempt from these changes. To better understand those dramatic developments, POSCO invited noted futurist Thomas Frey to address this year’s POSCO EVI Forum, held Oct. 31-Nov. 2 in Incheon, South Korea. Every two years, POSCO invites hundreds of its customers and partners to learn about POSCO’s unique approach to steel solutions and to talk about the future of the steel industry. So Frey’s presentation gave all the attendees plenty of food for thought....

POSCO EVI Forum Impresses With Solution Marketing

POSCO EVI Forum Impresses With Solution Marketing

“I never realized POSCO held forums on this sort of scale, bringing together all kinds of steel vendors,” said Vic Andonovski, managing director of CMP Controls in Australia. He was one of more than 1,000 attendees at this year’s POSCO Global Early Vendor Involvement (EVI) Forum, held Oct. 31 to Nov. 2 in Incheon, South Korea. Every two years, POSCO invites hundreds of its customers and partners, to learn about solution marketing, POSCO’s unique approach to building proactive steel solutions for its customers. “Since I’m from an Australian electrical steel company, I appreciate the chance to learn meaningful information regarding advance manufacturing and relevant industries,” added Andonovski.   Three Days of In-Depth Presentations The Forum kicked off with a signing...

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