Posco News

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The country s steel industry agreed to invest a total of 18.7 trillion won over the next three years in capital projects, focusing primarily on installing environmentally friendly technologies.

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More government support for renewable energy is coming, along with state-mandated targets for cutting greenhouse gas emissions.

In a welcome contrast to local factory closures, a venture of manufacturing companies from the United States and South Korea has opened a $135 million East Bay plant here that will make big pipes for the energy industry.

United Spiral Pipe LLC , a joint venture of United States Steel Corporation, POSCO and SeAH Steel Corporation formally dedicated its new state-of-the-art spiral welded pipe manufacturing facility in Pittsburg, Calif., today.

Korean companies are seeking broader business opportunities in Vietnam after President Lee Myung-bak finished a weeklong Southeast Asian tour yesterday, industry officials said.

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Bhubaneswar, Oct. 21: The jinxed Posco plant proposal will hit another roadblock with anti-plant protesters announcing that they would oppose South Korean President Lee-Myung Bak's possible visit to the project site near Paradip port.

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At a time when other companies both domestic and foreign are making defensive moves in the wake of the global economic crisis, Posco, the country s largest steelmaker, has been aggressively expanding its operations worldwide.

Asian share markets finished mostly higher Thursday after the Dow Jones Industrial Average ended above 10,000 overnight, with indexes in Hong Kong and Australia closing at their highest levels in more than a year.

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Posco , South Koreaa s largest steelmaker, raised its full-year profit forecast by 23 percent, adding to evidence that the worst for the steel market is over.

Japanese steel shares soared Tuesday on continued upgrades from analysts with a bullish view on the demand outlook for next year, even after a conservative projection by China surprised the industry.

Spitting a fine stream of red betel-leaf juice into the knee-deep waters of his rice paddies, Subhash Mahapatra points to the line dividing his land from his neighbor's. It's not much, but his family has cultivated rice on the two acres of dark, loamy soil for generations, and Mahapatra knows of no other way to feed his children.

Korea s biggest steelmaker has signed an agreement in Ukraine to help it expand in Eastern Europe.

Posco President Chung Joon-yang, left, with Sylvain Gehler, chief executive of UKTMP, shake hands yesterday after signing an agreement to build a titanium slab production plant in Kazakhstan.

A consortium started by Posco, Korea s leading steelmaker, has signed a memorandum of understanding to produce eco-friendly personal rapid transit units for Suncheon, South Jeolla, Korea s leading steelmaker announced yesterday.

SEOUL, South Korea, Sept. 25 /PRNewswire-FirstCall/ -- POSCO , one of the world's largest steel makers, and IBM today announced they have deployed a workplace safety system that uses sensor technology to make POSCO's FINEX production plant in Pohang Ironworks safer for employees and visitors.