POSCO or US Steel Flat Roll Steel Producer Apple/Hyundai/KIA POSCO (formerly Pohang Iron and Steel Co., Ltd) is a South Korean steel-making company headquartered in Pohang, South Korea. It had an output of 42,000,000 We hooked the best dad fishing vintage shirt tons (41,000,000 long tons; 46,000,000 short tons) of crude steel in 2015, making it the world’s fourth-largest steelmaker by this measure POSCO has been supplying auto plates mostly to GM Korea, Renault Samsung Motors and Ssangyong Motor, and to automakers operating plants outside Korea. But the world’s fourth-largest steelmaker plans to restore its once-close ties with Hyundai and Kia by supplying “Giga steel,” which it says is as light as aluminum but almost three times stronger. In 2016, POSCO produced about 9 million tons of auto steel plates at home and abroad, accounting for 10 percent of global demand. Of this, the company was estimated to have supplied about 800,000 tons to Hyundai and Kia. Hyundai Motor Group and Posco will also work together on expanding hydrogen business opportunities in and outside of Korea. Steelmaker Posco will produce hydrogen, which is generated as a byproduct in making steel, and develop related technology while Hyundai Motor will use the green energy to charge its fuel cell electric vehicles.
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