Jang Inhwa Stresses 'Decarbonization Cooperation' on the World Steel Stage

Sharing POSCO's Roadmap
Discussions with Global CEOs on Energy and Standardization

Jang Inhwa, Chairman of POSCO Group, directly emphasized the need for global cooperation for the steel industry's transition to decarbonization at the regular meeting of the World Steel Association.

According to the steel industry on April 15, Chairman Jang attended the regular meeting of the World Steel Association (worldsteel) held in Berlin, Germany, where he highlighted the importance of global collaboration. On April 13 (local time), he represented the Korean steel industry at the association's highest decision-making body, the Executive Committee meeting.

At the meeting, chief executive officers from major global steelmakers—including Baowu Steel of China, Nippon Steel of Japan, and JSW of India—were present to discuss key mid- to long-term topics such as responses to the energy crisis, the impact of geopolitical risks on the industry, and the international standardization of carbon emissions measurement methods.

Chairman Jang stressed that, despite structural challenges such as sluggish demand and rising energy costs, the transition to decarbonization is a task that the global steel industry must tackle together. He also shared POSCO's decarbonization roadmap.

In particular, Chairman Jang stated, "For the global steel industry to achieve a successful transition to decarbonization and for low-carbon steel products to be properly valued in the market, close cooperation and solidarity across the global steel sector are essential."

During the meeting, Chairman Jang held a series of discussions with key executives from major steel companies, including Sajjan Jindal, Chairman of JSW Group in India, and Liu Jian, Vice Chairman of Hagang Group in China. They exchanged views and explored cooperation on major issues such as overseas steel investment, carbon reduction technologies, and supply chain stabilization.

There were also tangible achievements. At the member companies' meeting held the following day, Chairman Jang, on behalf of POSCO, received the "Sustainability Champion" award. This certification, presented by the World Steel Association to companies leading the sustainable development of the steel industry, has been awarded to POSCO for five consecutive years since 2022, reaffirming its ESG competitiveness.

The World Steel Association is a global organization established to foster mutual understanding and advancement within the steel industry. A total of 157 members—including steelmakers, regional steel associations, and research institutes from around the world—are involved in the association.

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