POSCO ranked 173rd on the list of Fortune Global 500 published on July 20 by the U.S. business magazine, Fortune. The company has been ranked in the top 200 for six consecutive years since 2011.
Fortune announces the top 500 global brands every year by selecting them based on performance in areas such as sales and operating profit from the previous year. POSCO ranked 161st, 146th, 167th, 177th, 162nd each year since 2011, and 173rd this year.
This is the result of the company furthering their technological developments and creating profits through cost reduction and innovation projects, all despite the global steel crisis that has continued for years.
Among the global steelmakers, ArcelorMittal ranked 123rd, NSSMC 238th, and Baoshan steel 275th.
Meanwhile, U.S. company Walmart has been ranked number one for three consecutive years, with Exxon Mobil, Volkswagen, Toyota and Apple also being included in the top 10 list. Along with POSCO, a total of 15 Korean companies including Samsung Electronics and Hyundai Motors were included in the 500 companies listed. The number of Chinese companies in the list has been steadily increasing from 95 in 2013 to 110 this year.