POSCO Chairman Choi Jeong-woo Meets with JSW Chairman in India

Choi Jung-woo, Chairman of POSCO Group, met with Sajan Jindal, Chairman of JSW, India's largest steelmaker, on the 21st (local time) in India to discuss eco-friendly steel technology and future growth business cooperation plans, POSCO announced on the 23rd.

After visiting the JSW Vijayanagar Steel Plant, Chairman Choi met with Sajan Jindal to discuss comprehensive cooperation plans on future growth businesses such as carbon neutrality, hydrogen, and secondary battery materials, as well as traditional business cooperation including material procurement and steel technology.

POSCO Group Chairman Choi Jung-woo met with Chairman Sajjan Jindal at JSW Mumbai headquarters in India on the 21st to discuss ways to strengthen future cooperation. Photo by POSCO Group

POSCO is considering India as one of the candidates for producing HBI (Hot Briquetted Iron) for hydrogen reduction steelmaking.

HBI is a processed product made by removing oxygen (reduction) from iron ore to produce reduced iron shaped like lump charcoal.

ADVERTISEMENT JSW is also interested in POSCO's hydrogen reduction steelmaking technology, HyREX, and both companies expect mutual cooperation to accelerate in the process of promoting carbon neutrality.

Additionally, during this meeting, Chairman Choi presented a plaque of appreciation made from POSCO's color steel sheet 'POSART' to Sajan Jindal, who helped during the flood recovery of the Pohang Steelworks.

In September last year, during the Pohang Steelworks flood, JSW supported POSCO with a motor drive that was being manufactured for its own hot rolling mill equipment.

Besides the JSW visit schedule, Chairman Choi visited major business sites in India, including POSCO Maharashtra, a cold rolling production corporation, to check on management status and encourage employees.

POSCO operates cold rolling and galvanizing plants with an annual capacity of 1.8 million tons and four processing centers in India. POSCO is expanding its business in India by seeking cooperation with local partners for the construction of an integrated steel plant.

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