Why Electrical Steel Can Make All The Difference In EV Motors

Why Electrical Steel Can Make All The Difference In EV Motors

As the global electric vehicle market grows, demand for EV materials such as electrical steel is growing in lockstep. Motors determine the horsepower of a vehicle, and are central to the efficiency and overall performance of EVs. Thus, high-quality electrical steels are sought after by automakers vying for the biggest share of the growing EV market. According to Markets and Markets, the market for electrical steel is projected to expand from USD 27.84 billion in 2016 to USD 38.98 billion by 2021, at a compound annual growth rate (CAGR) of 7 percent. Electrical steels go through various demanding production processes such as annealing, hot and cold rolling and insulation coating. Having the most advanced production technology is paramount, and choosing...

How POSCO Sees a Future of Renewable Energy

How POSCO Sees a Future of Renewable Energy

October is National Energy Awareness Month in the United States, meant to raise awareness for the importance of energy for sustainability and environmental well-being. Carbon-based fossil fuels are finite resources that are gradually becoming too costly to extract, both in terms of environmental impact and financially. These resources will run out, or fall out of use as the cost of retrieval outweigh the reward. Renewable, sustainable energy comes from resources that are replenished regularly — typically, the wind and the sun. Whether hydroelectric power, bioenergy, geothermal energy, or solar photovoltaic power, sustainable energy sources protect the environment and offer a future-proof way to power people’s lives. Historically, renewable energy has been overlooked in favor of carbon-based energy, owing to the...

How POSCO’s Manganese Plates Give a Lightweight Advantage

How POSCO’s Manganese Plates Give a Lightweight Advantage

The Korean Society of Automotive Engineers (KSAE) held its 2017 KSAE Baja/Formula/EV tournament for university students on August 10~12. From all over Korea, 180 teams took part in 4 major categories of competition: Baja (off-road racing), Formula (on-road racing), Electric Vehicle and Technology. Take a look at the video below for highlights from this year’s event. As major automakers around the globe are investing in and developing electric vehicles (EV), there was much anticipation and attention focused on the EV category and its top winners the Tuning X team of Soeyeong University. A major factor in the team’s achievement was the application of POSCO’s magnesium plates for the car body instead of aluminum, something the team had never done before....

5 Reasons Why AHSS Tops the Market for Lightweight Auto Materials

5 Reasons Why AHSS Tops the Market for Lightweight Auto Materials

World Auto Steel (WAS) kicked off its #Steelyourworld campaign to highlight the benefits of advanced high-strength steel (AHSS) as an automotive material. The first of the 4-part campaign is called #steelyourweight, and covers one of the best features of AHSS – its light weight.   Contrary to popular belief, mass reduction does not automatically equal fuel savings, especially when it comes to urban driving. There are other factors that determine the fuel efficiency of a vehicle such as driving cycle, vehicle size and its powertrain. Until recently, there was a  lack of variety in engine types and powertrains, so even though automakers reduced the weight of car frames, they could not apply a complementary engine or powertrain to the lighter...

How POSCO’s Advanced Technology Gives Speed to Korea’s Para Ice Hockey Team

How POSCO’s Advanced Technology Gives Speed to Korea’s Para Ice Hockey Team

It may not be winter yet, but para-athletes are at the peak of their training in preparation for the biggest international winter sports event coming up in early 2018. The Korean National Para Ice Hockey Team just finished off their training camp and have begun intensive training. Para ice hockey, previously called ice sledge hockey, may not be common to everyone, but many consider it the highlight of para-athletic events. A team is composed of athletes who have a physical impairment in the lower part of their body, so instead of wearing skates, they glide through the rink on ice sledges (also known as sleds). Watch any para ice hockey match, and it will be surprising to see that there...

How to Make Steel with an Old(ie but Goodie) Blast Furnace

How to Make Steel with an Old(ie but Goodie) Blast Furnace

Blast furnaces play a central role in the steelmaking process. They date back to ancient times, to the beginnings of iron smelting. Today, blast furnaces turn out the molten iron used in steel production, and thus have helped industrialize the world and lay the foundations of global monumental infrastructures.   The Steelmaking Process So, what does a blast furnace do in the steelmaking process? There are 4 main parts to the process of making steel, and in each process, the accompanying production equipment is as vital as the materials that make steel. Each batch of steel starts off with iron, molten iron to be exact, and the blast furnace is what transforms raw materials into molten iron. Molten iron comes...

How Many Cobots Does it Take to Switch a Lightbulb

How Many Cobots Does it Take to Switch a Lightbulb?

Yes, robots are faster, more consistent and better performing than human workers, and are a possible threat to people’s job security. With the ongoing trend toward automation across industries, what’s to keep robots from flooding the job market in the near future? According to research by McKinsey, approximately 51 percent of all job-related activities in the U.S. can be replaced by robots. Another recent research conducted by PwC shows that 40 percent of jobs in the U.S., 31 percent in the UK, 35 percent in Germany and 21 percent of the jobs in Tokyo are vulnerable to replacement by robotics or other artificial intelligence (AI). The figures are daunting, but in practice, companies have yet to realize a fully-automated system...

Ask an Expert Applying AI to the Manufacturing Industry

Applying AI to the Manufacturing Industry

The value of artificial intelligence (AI) in the manufacturing market was USD 272.5 million in 2016. That number is projected to reach USD 4,882.9 million by 2023, at a CAGR of 52.42 percent from 2017 to 2023 according to Markets and Markets. It’s no surprise then, that companies are rushing to boost their competitiveness with AI. As a steelmaking company, POSCO has been working towards becoming a “Smart POSCO”, or incorporating the implementation of AI into their production practices. In 2016, POSCO established a Smart Solution Council to research AI, big data and IoT applications. To date, the company has achieved a cost reduction of USD 14 million with the new technology. Even as one of the first steel producers...

Ask an Expert The Master of Automation

POSCO Masters: Leading the Way Towards Automation

Kim Yong-Hoon always had a knack for making things with his hands. As a child, he whipped up the most popular toys such as cars, trains and slings by hand. That may be why Kim learned to be independent and self-sufficient early on. After graduating from middle school, he moved out to live on his own to attend high school in a different town. It was also his decision to apply to POSCO as soon as he graduated, and ever since he started at the hot rolling department at Gwangyang Steel Works, he has been using his talents to make things easier, safer and better for his fellow employees. His beginnings at Gwangyang Steel Works After entering the company, Kim...

Ask an Expert Building Bridges for Megacities - Part 2

Ask an Expert: Building Bridges for Megacities – Part 2

Last week in Building Bridges for Megacities Part 1, bridge expert Marco Rosignoli shared his insights on emerging megacities, their biggest challenges and what kinds of transportation infrastructure to expect in the coming years. In part 2 of his article, Rosignoli explores the challenges of bridge construction and the different types of construction processes and materials to expect in light of the increasing demand for bridges that emerging megacities will bring. Biggest Challenges in Bridge Construction The major challenges for building urban bridges are the availability of skilled labor, access to urban areas and environmental compatibility. Building bridges in megacities with the current scarcity of skilled labor will require a massive recourse to prefabrication. In a few circumstances, prefabricated bridge...

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