POSCO, Hanwha Ocean to develop LNG carrier with high-manganese steel tanks
South Korean steelmaker POSCO and shipbuilder Hanwha Ocean have signed a memorandum of understanding (MoU) to develop a demonstration liquefied natural gas (LNG) carrier...
Steelmakers cut rebar capacity as construction slump persists
South Korean steelmakers are reducing rebar production capacity as the prolonged construction downturn weakens demand, while rising raw material and electricity costs continue to...
Hyundai Steel integrates H-beam business under new brand
Hyundai Steel has launched H ONE, an integrated brand covering rolled and welded H-beams, as it seeks to expand its presence in high-value construction...
SeAH Besteel develops special steel for robot reducers
South Korean special steelmaker SeAH Besteel has developed and commercialized a special steel material for flexsplines, critical components of robotic reducers that transmit motor...
POSCO agrees 10-year LNG supply deal with Santos
POSCO Steel Co., Ltd. has agreed key commercial terms with Australian energy company Santos for a 10-year supply of liquefied natural gas (LNG), strengthening...