World Steel Association Chairman Choi Jung-woo: "We Must Strive Harder for Global Carbon Neutrality"

Choi Jung-woo, Chairman of POSCO Group (POSCO Holdings), attended the World Steel Association’s mid-year regular meeting as the association chairman to discuss global steel issues.

On the 17th, Chairman Choi presided over the World Steel Association Executive Committee meeting held in Vienna, Austria, attended by representatives of 15 major global steel companies, including Sajjan Jindal, Vice Chairman of the association and Chairman of India’s JSW, and Leon Topalian, President of the U.S. company Nucor.

Choi Jung-woo, Chairman of the World Steel Association and Chairman of POSCO Holdings, is delivering a greeting at the World Steel Association members' meeting held on the 18th (local time) in Vienna, Austria.

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They discussed key issues such as the development of future autonomous vehicle body solutions, responses to global low-carbon initiatives, and international standards for carbon emission measurement methods.

Chairman Choi emphasized, "The steel industry must reduce carbon emissions across the entire sector through more efficient production methods, different processes than before, and the introduction of new raw materials in pursuit of carbon neutrality," adding, "The World Steel Association’s carbon emission measurement method should be widely promoted and become the global standard."

On the 18th, a member company meeting was held, attended by representatives from over 140 steel companies worldwide and regional steel associations, providing an opportunity to share major issues and activities.

Chairman Choi stated, "In just 10 years, the industrial accident rate has been reduced to less than half, making the steel industry one of the safest industries in the world," and expressed gratitude for the member companies’ strong commitment and continuous efforts toward safety.

He continued, "Please continue to do your best to create safe workplaces," and said, "We must actively promote the industry’s efforts and determination toward carbon neutrality to improve the image of the steel industry."

Choi Jung-woo, Chairman of the World Steel Association and Chairman of POSCO Holdings, is delivering a greeting at the World Steel Association member companies meeting held on the 18th (local time) in Vienna, Austria.

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Additionally, Chairman Choi proposed holding the first Innovation Technology Conference this December. The purpose is to create a platform where steel companies can develop new technologies for carbon neutrality and widely inform the world about how seriously and passionately the steel industry is striving to overcome the climate crisis.

The Innovation Technology Conference, scheduled to be held from December 5 to 7 in Abu Dhabi, United Arab Emirates, under the auspices of the World Steel Association, is an event that expands the themes and scope of the existing Hydrogen-based Ironmaking International Forum (HyIS).

The conference is expected to be a venue where the global steel industry shares low-carbon strategies and various technologies related to carbon neutrality, including hydrogen-based ironmaking technology and carbon capture, storage, and utilization (CCSU), aiming to drastically reduce carbon dioxide emissions generated in steel production processes and discuss sustainable growth.

Meanwhile, POSCO Group received great acclaim from attendees at the World Steel Association’s Public Relations Subcommittee meeting held on the 19th by screening a self-produced documentary recording the 135 days of flood recovery at the Pohang Steelworks.

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