POSCO to Supply 26,000 Tons of Steel to Shinsegae Construction... Fourth Largest Supply Contract in History

[Asia Economy Reporter Hwang Yoon-joo] POSCO has signed the fourth largest construction steel supply contract in its history.

On the 25th, POSCO announced that it will supply 20,600 tons of construction steel plates to commercial facilities constructed by Shinsegae Construction. This is the largest volume since POSCO supplied 42,000 tons for Lotte World Tower in 2012, 51,000 tons for Incheon Airport Terminal 2 in 2014, and 43,000 tons for Yeouido Park One in 2017.

The supply volume includes 11,000 tons of 'Pos-H', a product under the premium construction material brand 'INNOVILT', marking the first time that more than 10,000 tons of INNOVILT products have been supplied.

'Pos-H' is a welded steel beam made in the shape of an 'H-beam' using high-quality POSCO steel plates. Unlike standardized 'H-beams' produced only in fixed sizes from scrap steel, this product is made by melting iron ore, resulting in uniform composition and higher stability. Additionally, it can be supplied in over 440 customized sizes, enabling customers to achieve cost reduction through optimized building design.

The commercial facility constructed by Shinsegae Construction is a mega project with 8 floors above and below ground each, covering an area of 24,000㎡, equivalent to four soccer fields. Shinsegae Construction applied the high-quality customized 'Pos-H' as the building's framework, reducing steel usage by 5.5% compared to the original design, thereby securing both construction economy and stability.

POSCO stated, "We will expand construction companies' choices by supplying premium construction materials under the INNOVILT brand," and added, "We will continue to launch differentiated products and solutions in the structural steel market."

Going forward, POSCO plans to strengthen strategic collaboration with Shinsegae Construction by expanding INNOVILT products to interior and exterior building materials, and to accelerate the adoption of INNOVILT products in domestic and international structural steel markets, led by 'Pos-H'.

This content was produced with the assistance of AI translation services.