2023-07-13 09:13:32
▲ On the 13th, at the Pohang headquarters, POSCO declared ‘Creating a Better World with Green Steel’ as its vision and set a goal of achieving KRW 100 trillion in sales by 2030. The photo shows Vice Chairman Kim Hak-dong giving a commemorative speech at the vision proclamation ceremony. <포스코>
[비즈니스포스트] POSCO has set a goal of achieving 100 trillion won in sales by 2030 and becoming a global top 5 steelmaker with crude steel production capacity.
POSCO held a proclamation ceremony at its headquarters in Pohang on the 13th to reveal its vision of ‘Better World with Green Steel’.
POSCO’s vision includes the meaning of leading a carbon-neutral society with innovative technology in terms of environmental value, sustainable growth economically through the creation of new values for steel, and socially aiming to create a better future for mankind. .
Vice Chairman Kim Hak-dong said in a commemorative address, “POSCO will lead the evolution of the industry through the convergence of various cutting-edge technologies and preoccupy the blue ocean of the future steel industry.” As a representative material company, let’s lead a new era.”
POSCO is facing a period of structural transformation, such as the era of carbon neutrality, ESG (environmental, social, governance) management, and the transition to the era of digital transformation.
To respond to this, POSCO plans to focus on developing bridge technology, such as building a demonstration plant for HyREX, a POSCO-type hydrogen reduction steel technology, and expanding the use of low-carbon raw material HBI (processed product formed from reduced iron in the shape of briquettes).
Gwangyang Steelworks will establish a low-carbon, high-grade steel production system in an electric furnace that will start operating in earnest from 2026.
POSCO set a plan to achieve its carbon emission reduction target by 2030 and complete a supply system of 10 million tons of low-carbon products.
In addition, POSCO has decided to establish a sales system of 14 million tons of future products in consideration of changes in future demand industries such as new mobility, green energy, and smart infrastructure.
As a representative example, POSCO plans to build a non-oriented electrical steel sheet (Hyper NO) plant, a key material for the driving motor core called the heart of eco-friendly electric vehicles, in Korea and North America in addition to the Gwangyang plant currently under construction, and establish a system with a capacity of 1 million tons of electrical steel sheet. have a plan
Overseas, we will establish an eco-friendly upstream production system centered on Indonesia, India, and North America, which have high growth potential, and promote quantitative growth by more than doubling our overseas crude steel production capacity from 5 million tons in 2022 to 2030.
In Indonesia, an integrated production system for automotive steel sheet will be established centering on Krakatau POSCO.
In India, it will lay the groundwork for low-carbon production through the start of eco-friendly upstream construction and seek to expand its market share in India by linking it with POSCO’s Maharashtra cold rolling mill.
Through this long-term growth strategy, POSCO has set a goal of establishing a global crude steel production capacity of 52 million tons by 2030 and achieving combined sales of KRW 100 trillion. The combined operating profit is three times higher than last year, and the combined operating profit rate is doubled compared to last year.
Accordingly, POSCO has set a policy to establish itself as a global top 5 steelmaker in terms of crude steel production capacity and No. 1 in profitability by 2030. Reporter Heo Won-seok
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