IRON and STEEL
Korea Herald reported that major industrial facilities including Posco’s steel mill and Korea Hydro & Nuclear Power’s nuclear plants operated as normal, despite a 4.6 magnitutde earthquake in Pohang, North Gyeongsang Province.
The southeastern city, home to the country’s largest steelmaker, was hit by a 4.6 magnitude quake at 5:03 AM, 5 kilometers northwest of the city’s northern district at a depth of 9 kilometers.
It was the second strongest quake in the region, following a 5.4 magnitutde quake in November.
Posco’s steel mill in Pohang is running without abnormal signs, the steelmaker said.
POSCO, South Korea's largest steel producer, has inked a deal to buy up to 240,000 tonnes of lithium concentrate per year from Australia's Pilbara Minerals (ASX:PLS), securing this way a constant supply of the key material used in the making of electric vehicle batteries.
Posco, South Korea’s top steelmaker by sales, inked a memorandum of understanding with US-based conglomerate GE to develop a hybrid smart factory platform aimed at heightening efficiency of steel mills, the company said Tuesday.
The latest development in the tug-of-war between Iran and Saudi Arabia has manifested in the kingdom blocking an investment deal by South Korea in Iran’s steel industry.
In below you can observe a short film related to POSCO - steelmaking company - in South Korea.
From October 30, POSCO hosted the 'Global EV Materials Forum 2017' at the Songdo Global R&D Center in Incheon.
On October 12 at the POSCO Center, POSCO signed a PosMAC supply agreement for pipes with Top Tubes, the English pipe manufacturer specializing in cold-rolling and plating.