POSCO said on the 27th that it has established a "One Team" system for eight core strategic products to preempt the future steel market and will move to strengthen its steel competitiveness.
Earlier this month, POSCO created new project teams for ▲ stainless steel (STS) for next-generation growth markets ▲ PosMAC, a zinc-coated specialty steel for renewable energy ▲ high-manganese (Mn) steel ▲ premium electric arc furnace steel.
Including the teams launched in December last year for ▲ energy heavy plate ▲ electrical steel for power applications ▲ ultra-high-strength lightweight steel products (GigaSteel) ▲ non-oriented electrical steel (HyperNO), the "project teams for technology development of eight core strategic products" have completed their formation and begun full-scale operations.
At the end of last year, POSCO selected eight core strategic products to rebuild steel competitiveness and secure future growth engines, and has been establishing a project team system that integrates the entire process from technology development to production and sales.
The eight project teams responsible for each product are placed directly under the Pohang and Gwangyang steelworks and will be operated on a field-centered basis so that research results are immediately applied to production processes. POSCO plans to differentiate strategic product lines tailored to the research and development (R&D) and production process characteristics of the two steelworks to further enhance competitiveness.
Pohang Steelworks will focus its capabilities on becoming a leading steelworks for new energy steels by enhancing the performance and developing products for energy steels used in oil, gas, power generation, and renewable energy sectors in line with rising global electricity demand.
Gwangyang Steelworks, whose mainstay is automotive steel sheets, will strengthen its competitiveness as a new mobility-focused steelworks centered on new growth steels to secure steel leadership in the Autonomous Driving and future mobility markets and to respond to growing demand for low-carbon products.