Tag: steelmaker

steelmaker

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An Amazon data center in Ashburn, Virginia [REUTERS/YONHAP]

From factories to data centers: Korea's heavy industries pivot to meet surging AI demand

Korea's heavy industries are slowly wading into the business of building AI data centers by repurposing factory sites and core technologies to meet surging demand for their power-hungry infrastructure.

2026.4.24

Hanwha Ocean deploys air-conditioned buses that serve as temporary cooling centers to workers toiling in the heat, the shipbuilder announced July 10. [HANWHA OCEAN]

Korean shipyards, steelmakers rush to keep workers safely cool amid brutal heat wave

Major Korean shipyards and steelmakers are implementing emergency measures to keep outdoor workers cool by extending break times and deploying mobile cooling units, as temperatures continue to exceed 35 degrees Celsius.

2025.7.10

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Container loading and unloading operations are underway at Incheon New Port in Incheon on May 16. [NEWS1]

Steelmakers in Korea, Vietnam tumble on Trump's new tariffs

Shares in Korean and Vietnamese steelmakers, major Asian exporters of the metal to the United States, dropped on Monday after U.S. President Donald Trump said he would double tariffs on imported steel and aluminium.

2025.6.2

Steel products are piled up at a port in Pyeongtaek, about 65 kilometers south of Seoul, on Feb. 11. [YONHAP]

Steelmakers vow to work with gov't to respond to U.S. tariffs

Korean steelmakers said they will cooperate closely with the government to minimize the fallout from planned U.S. tariffs next week.

2025.3.9

Industry Minister Ahn Duk-geun speaks at a meeting in Seoul on Wednesday. [JOINT CORPS PRESS]

Korean steelmakers urge establishing consultative body with gov't to prepare for Trump 2.0

Korean steelmakers on Friday called for establishing a joint consultative body with the government to devise strategies for expected policy changes by the Donald Trump administration, the industry ministry said.

2024.11.22

Posco Group Chairman Choi Jeong-woo, sixth from left, North Gyeongsang Governor Lee Cheol-woo, fifth from left, and Pohang Mayor Lee Kang-deok, fourth from left, pose for a photo during a celebratory event commemorating the establishment of Posco's first steel mill in Pohang, North Gyeongsang, on Monday. [POSCO]

Posco to invest $92B in steelmaking, future growth businesses

Posco will invest 121 trillion won ($92.4 billion) by 2030 in steelmaking as well as its future growth businesses such as hydrogen and electric vehicle (EV) battery materials, the steelmaker said Monday.

2023.7.3

A real-time video of a blast furnace at Posco's Pohang steel mill [POSCO]

Posco's Pohang plant rolls out hot steel with latest smart furnace

A mass of molten iron flows like an orange glowing waterfall with sparks at a blast furnace in Posco’s Pohang steel mill in North Gyeongsang on Thursday.

2023.3.27

Posco employees help restore a hot rolling facility at its Pohang steel plant in North Gyeongsang on Nov. 23. [POSCO]

Months later, Posco's Pohang steel mill is up and running, mostly

Fan heaters, hair dryers, clothes drying racks and whatever else could be used, was used to dry equipment, according to Sohn Seung-rak from Pohang steel mill, as he recalled the events of Sept. 6 when the plant was flooded by Typhoon Hinnamnor

2022.11.24

Posco Holdings Chairman Choi Jeong-woo waves a flag to celebrate the establishment of Posco Holdings. [POSCO HOLDINGS]

Posco Holdings' consolidated net profit plunges 77% in Q3

Posco Holdings' consolidated net profit plunged 77 percent in the third quarter, largely impacted by the shutdown of its Pohang steel mill that was flooded by Typhoon Hinnamnor last month.

2022.10.24

Posco employees help with recovery at its Pohang steel plant in North Gyeongsang on Sept. 17. [POSCO]

Posco profits plummet as storm costs consume bottom line

Posco Holdings reported a 71 percent drop in operating profit in the third quarter on year. The results were disclosed Wednesday in a preliminary earnings report, which did not detail net profit. Posco Holdings said its operating profit during ...

2022.10.19