POSCO Honors 2017 Steel Safety Day

POSCO Honors 2017 Steel Safety Day

The safety and health of employees always come first at POSCO. We are proud to be participating in The World Steel Association’s 4th Annual Steel Safety Day on April 28, 2017. Established in 2014, Steel Safety Day works to reinforce awareness of the five most common causes of safety incidents: moving machinery, working from heights, falling objects, on-site traffic, and process safety incidents. Each year the annual event highlights one of the five main causes of accidents in the steel industry to create a safer working environment. This year, special attention will be given to falling objects and ways to prevent associated risks as below:   Cranes: Never allow people to be below a suspended load at any time and...

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Automakers Look to Steel for Lower CO2 Emissions

Twenty years ago, Toyota debuted the first mass-produced hybrid vehicle, but today almost every major car manufacturer has a hybrid or electric car on the production line. Just last week, Tesla surpassed Ford and GM to become the most valuable car maker in the US, signaling to the auto industry that investors are serious about banking on the future of electric vehicles. Several factors are contributing to the growing interest in electric vehicles. Stricter CO2 emission standards are changing the way cars are being made, and consumers are becoming more environmentally conscious at the same time. To produce more fuel efficient vehicles, car makers are looking to advanced materials in lightweighting that can help make vehicles more eco-friendly while being...

3 Trends that Will Forever Change the Automotive Industry

3 Trends that Will Forever Change the Automotive Industry

For the last 100 years, the automotive industry has advanced in a fairly linear fashion. Each decade consumers saw incremental changes in speed, size, and safety. However, 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 consumers as well as the increasingly strict safety and fuel efficiency regulations. In order to adapt, the automotive industry is learning to make cars differently. Underpinning all of these advancements is a need for stronger, lighter, and more durable materials. Below we take a closer look at three trends that are fundamentally changing the way consumers think...

See the New Materials Used to Make Cars Lighter, Stronger, Eco-Friendly

Auto Industry Finds Steel Solution for Lightweighting

With increasingly strict car emissions & safety standards, car makers have been looking for new ways to make cars lighter, stronger, and more eco-friendly. In doing so, they have begun experimenting with new materials to manufacture their cars. Aluminum, magnesium, and carbon fiber all offer certain benefits to car makers and owners; however, they also present new barriers in the form of price, supply, and production emissions. Since the inception of the auto industry, steel has been used to manufacture cars because it is strong, manufacturable, and durable. Also, because roughly 55-60% of a car’s weight comes from steel, it is an obvious place to make lightweighting a priority, which is exactly what has happened. Recent innovations in steel production...

Hong Kong Zhuhai Macau Bridge 1

The Hong Kong-Zhuhai-Macau Bridge: Connecting Financial and Manufacturing Hubs

China’s Pearl River Delta region is one of the most economically powerful areas on the globe. The region has a population of more than 22 million people, and it has been one of the main drivers of China’s economic explosion since reforms were introduced in 1979. Hong Kong is one of the world’s leading financial centers and houses the world’s 6th busiest port. Macau is home to world’s most well-known casinos, shops, and restaurants. Despite a population of a little more than 500,000, Macau welcomes more than 30 million visitors annually. On the mainland side sit Zhuhai and Shenzhen, two of the fastest growing cities in the world that represent one of the world’s largest and most important manufacturing bases....

What You Need to Know About Your Stainless Steel Wristwatch

What You Need to Know About Your Stainless Steel Wristwatch

Did you know that different types of stainless steel greatly determine the quality of wristwatches? In fact, many luxury watch brands like Rolex and Audemars Piguet put great emphasis on utilizing specific types of stainless steel to make top-quality wristwatches. Under the theme of ‘Breaking Barriers,’ this month The Steel Wire invited Chanyong Park, an editor from Esquire Korea, to look at some of the world’s most well-known watchmakers and why they utilize certain types of stainless steel. Below is his take on different types of stainless steel that have been used to make some of the most iconic wristwatches.     Stainless Steel in Wristwatches In general, wristwatches are made of stainless steel. Although other types of materials, such...

A worker combines sections of the Hyperloop One

The Future of Transportation Will Transform the Way We Travel

The way we move ourselves and products is changing. Transportation is becoming automated, connected, and much, much faster as the wild, unthinkable ideas of science fiction novels are becoming real. Multiple industries are coming together, led by some of the most influential people in Silicon Valley. This will reshape the way we move goods and people and their influence will be needed as they face multiple barriers. Take a look at three of the ways transportation is restructuring itself for faster, more sustainable travel. Some are closer to realization than others, but all of them are changing the way we think about movement. When realized, all of these ideas will have an impact far beyond what we can see now....

How Smart Factories are Changing the Manufacturing Industry

How Smart Factories are Changing the Manufacturing Industry

Connectivity, Artificial Intelligence (AI), the Internet of Things (IoT) – we hear about these concepts every day and how they will change our lives. Our smartphones, thermostats, and lights can all be connected to read our movements and our environments, and while these advancements are remarkable, the advancements in factories and production lines are likely to have the greatest economic impact on our lives.  We are entering a new era of manufacturing, one in which computers and machines are coming together to perform automated actions. Even more impressive, they are able to do this with less and less human involvement, learning from their mistakes and teaching themselves to constantly perform better. This new era, what is being called Industry 4.0,...

International Women’s Day: Breaking Barriers for Gender Parity

International Women’s Day: Breaking Barriers for Gender Parity

Throughout history and across cultures, women have faced challenges and discrimination – from a lack of legal protections to being thought as unqualified in male-dominated professions. While inequality persists in today’s workplace, women have made great strides to combat gender bias and show that they are equally fit in sports, the military, and in the steel industry. POSCO values the contributions from its female workers and their role in its success. In the past, The Steel Wire has looked at women in the steel industry as well as a few of the women who have had a lasting impact at POSCO. Please check out the in-depth interviews with Yukyung Lee, Group Leader of Iron Ore Group of the Raw Materials Department;...

Asian Steel Market Barriers and Opportunities

Asian Steel Market: Barriers and Opportunities

Asia accounts for more than 65% of total global steel use. Its populations and economies continue to rise; however, structural changes in society and the market as a whole are forcing the industry to recalibrate.  In Northeast Asia, the oversupply of steel, the aging of the workplace populations, and the deceleration of the Chinese economy are all having a significant impact on the steel industry. To combat these issues, each country is expanding into the global market with differentiated export strategies in order to increase their shares. China is diversifying export items and destinations for its bulk supply of steel products. Japan & Korea are moving forward with investment in high-quality steel production, and Korea is also gearing up to...

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