POSCO to Develop Next-Generation Core Products in Construction Steel Materials

[Asia Economy Reporter Park So-yeon] Following its globally competitive automotive steel sheets, POSCO is fostering construction steel materials as the next-generation core product and is promoting the advancement of the construction steel materials market by diversifying the use of high-quality steel materials throughout the construction industry. Construction steel materials are steel products used in building infrastructures such as buildings, houses, roads, and bridges.

First, POSCO plans to specialize the construction steel materials business by group companies and maximize business capabilities through collaboration. POSCO A&C will comprehensively handle the entire process of construction including planning, design, construction, supervision, and post-management, and will lead a new construction paradigm by developing new businesses applying modular construction methods.

POSCO Engineering & Construction will discover projects where construction steel materials can be applied and use POSCO’s construction steel materials known for their stability and excellent technology. POSCO International will expand its professional construction business as a comprehensive construction materials company, and POSCO Steel Sheet will specialize in steel interior and exterior construction businesses such as PosART.

Additionally, POSCO plans to strengthen the construction steel materials supply chain (Value Chain) by nurturing small and medium-sized manufacturers and construction companies into strong enterprises. It will discover construction steel materials manufacturers and construction companies with excellent technology and high growth potential, provide opportunities to participate in POSCO Group’s construction steel materials business, and systematically support the technological advancement of SMEs through initiatives such as operating a construction steel materials academy. For example, POSCO is growing together with customers by jointly developing products in the construction steel materials market. NI Steel, a construction materials manufacturer, developed its steel curtain wall product together with POSCO and customers, representing a typical win-win case.

Choi Jeong-woo, Chairman of POSCO, said, "POSCO plans to further strengthen co-growth with SMEs in the construction steel materials market and advance the construction steel materials business by nurturing strong enterprises."

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