Korea Herald reported that South Korean steel giant POSCO is named as the world’s most competitive steelmaker for the 13th consecutive year. Steel information service provider World Steel Dynamics in an annual global industry assessment of 35 steelmakers from around the world gave POSCO an average score of 8.5 points out of 10. Based on its analysis of 23 categories, Posco received the highest score in seven segments, including sustainable technology innovation, higher-value production and human resources. The WSD said the Korean steelmaker was able to maintain the top position for 13 years straight due to its ability to operate steel mills with sustainable profit-making structure and financial stability. WSD’s CEO Mr Philipp Englin said “Posco’s Hydrogen Iron & Steel Making Forum has played a pivotal role in the steelmaking industry. It has enhanced cooperation throughout the industry value chains to achieve the goal of carbon neutrality. The company’s USD 40 billion worth of investment to secure eco-friendly raw materials for steel and hydrogen in Australia was also highly evaluated.” US-based Nucor Corp came next, followed by ArcelorMittal, Nippon Steel and BaoWu. Established in 1999, the WSD is the only organization to announce the competitiveness index among the world's steelmakers.
Korea Herald reported that South Korean steel giant POSCO is named as the world’s most competitive steelmaker for the 13th consecutive year. Steel information service provider World Steel Dynamics in an annual global industry assessment of 35 steelmakers from around the world gave POSCO an average score of 8.5 points out of 10. Based on its analysis of 23 categories, Posco received the highest score in seven segments, including sustainable technology innovation, higher-value production and human resources. The WSD said the Korean steelmaker was able to maintain the top position for 13 years straight due to its ability to operate steel mills with sustainable profit-making structure and financial stability. WSD’s CEO Mr Philipp Englin said “Posco’s Hydrogen Iron & Steel Making Forum has played a pivotal role in the steelmaking industry. It has enhanced cooperation throughout the industry value chains to achieve the goal of carbon neutrality. The company’s USD 40 billion worth of investment to secure eco-friendly raw materials for steel and hydrogen in Australia was also highly evaluated.” US-based Nucor Corp came next, followed by ArcelorMittal, Nippon Steel and BaoWu. Established in 1999, the WSD is the only organization to announce the competitiveness index among the world's steelmakers.
