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		<title>eco-friendly &#8211; Official POSCO Group Newsroom</title>
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            <title>eco-friendly &#8211; Official POSCO Group Newsroom</title>
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        <currentYear>2018</currentYear>
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		<description>What's New on POSCO Newsroom</description>
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					<item>
				<title>Interview: All about Ability! Not Disability!</title>
				<link>https://newsroom.posco.com/en/interview-ability-not-disability/</link>
				<pubDate>Tue, 24 Apr 2018 21:00:30 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[People & Culture]]></category>
		<category><![CDATA[2018]]></category>
		<category><![CDATA[bronze]]></category>
		<category><![CDATA[car]]></category>
		<category><![CDATA[eco-friendly]]></category>
		<category><![CDATA[gear]]></category>
		<category><![CDATA[global]]></category>
		<category><![CDATA[Gold Bronze]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[infrastructure]]></category>
		<category><![CDATA[Korean Paralympic]]></category>
		<category><![CDATA[Parallel]]></category>
		<category><![CDATA[Paralympic Winter Games]]></category>
		<category><![CDATA[POSCO]]></category>
		<category><![CDATA[safety]]></category>
		<category><![CDATA[sledge]]></category>
		<category><![CDATA[sports]]></category>
		<category><![CDATA[technology]]></category>
									<description><![CDATA[There is no doubt that Corporate Social Responsibility (CSR) is one of the fundamental aspects of a global company. POSCO not only agrees with this principle]]></description>
																<content:encoded><![CDATA[<p><span style="font-weight: 400;">There is no doubt that Corporate Social Responsibility (CSR) is one of the fundamental aspects of a global company. POSCO not only agrees with this principle but is also taking an active role in contributing to various programs for the betterment of the society. Supporting athletes with disabilities is one of them.</span></p>
<div id="attachment_13896" style="width: 710px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2018/05/0419_posco_2.png" target="_blank" rel="noopener"><img class="wp-image-13896" src="https://newsroom.posco.com/en/wp-content/uploads/2018/05/0419_posco_2.png" alt="Korean made gear boost motivation of the Korean Paralympic player" width="700" height="411" /></a><p class="wp-caption-text">Technology isn&#8217;t just securing the safety. Also boosts athlete&#8217;s motivation</p></div>
<p>&nbsp;</p>
<h2><b>Pride of the Korean-Made</b></h2>
<p><span style="font-weight: 400;">The passion of the athletes seen at The PyeongChang 2018 Paralympic Winter Games is unforgettable. It is to this end that POSCO has devoted itself to supporting athletes with disabilities.</span></p>
<p><span style="font-weight: 400;">When it comes to sports, even small improvements in technology or changes to the gear may bring about huge differences. Having supported the national para ice hockey team since 2016, POSCO developed <a href="https://www.insidethegames.biz/articles/1054674/south-korea-para-ice-hockey-team-to-use-new-state-of-the-art-sleds-for-pyeongchang-2018" target="_blank" rel="noopener">lightweight sledges</a> with improved tolerance shock absorption for the Korean para ice hockey team so that the athletes could focus more on the game. This made POSCO the first company in Korea to manufacture athletic gear for national Paralympic teams. Equipped with motivation and new gear, the Korean para ice hockey team achieved an amazing Bronze medal in The PyeongChang 2018 Paralympic Winter Games.</span></p>
<p><b>SEE ALSO: </b><a href="http://globalblog.posco.com/parallel-shining-spotlight-korean-national-para-ice-hockey-team/" target="_blank" rel="noopener"><b>Parallel: Shining a Spotlight on the Korean National Para Ice Hockey Team</b></a></p>
<p><span style="font-weight: 400;">With memories of The PyeongChang 2018 Paralympic Winter Games still fresh, South Korea recently observed the National Day of Persons with Disabilities on April 20. In recognition of this day, POSCO interviewed Jin-Owan Jung, head officer at the Korea Paralympic Committee Icheon Training Center and manager of the Korean Paralympic team the man who led the Korean team at The PyeongChang 2018 Paralympic Winter Games and one who both understands and represents the interests of people with disabilities in Korea.</span></p>
<blockquote><p><strong>“</strong><strong>It&#8217;s Not Just About Overcoming Your Disability But Accepting It.- Jin Owan, Jung”</strong></p></blockquote>
<div id="attachment_13896" style="width: 710px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2018/05/DSC_0015.jpg" target="_blank" rel="noopener"><img class="wp-image-13896" src="https://newsroom.posco.com/en/wp-content/uploads/2018/05/DSC_0015.jpg" alt="Acceptance matters rather than struggling to overcome" width="700" height="411" /></a><p class="wp-caption-text">He emphasized the recognition and acceptance rather than struggling</p></div>
<p>&nbsp;</p>
<h2><b>Accept who you really are</b></h2>
<p><span style="font-weight: 400;">Jin-Owan Jung was 22 years old when a car accident left him paralyzed from the waist down in 1987. Undeterred by the accident, Jung set his eyes on becoming an athlete for the Paralympics when he saw the Seoul Paralympic Games in 1998. He won 2 medals – a gold and a bronze – in Shooting in the 2000 Sydney Paralympics Games. After retiring as an athlete, his passion for sports drove him to take on a new role in administration. The experiences gained as a Para sport athlete and also by interacting with others with disabilities, gave him a perception that acceptance of one’s disability is more important than struggling to overcome it.</span></p>
<div id="attachment_13896" style="width: 710px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2018/05/DSC_0070.jpg" target="_blank" rel="noopener"><img class="wp-image-13896" src="https://newsroom.posco.com/en/wp-content/uploads/2018/05/DSC_0070.jpg" alt="Koreanparalympiccommitte" width="700" height="411" /></a><p class="wp-caption-text">He agrees that the situation is getting better but still needs more support such as financial aspects</p></div>
<p>&nbsp;</p>
<h2><b>You are not alone</b></h2>
<p><span style="font-weight: 400;">The PyeongChang 2018 Paralympic Winter Games was a huge success in that the athletes&#8217; passion inspired positive change in the society’s views toward people with disabilities. Jung noted that the infrastructure for people with disabilities in The PyeongChang 2018 Paralympic Winter Games was much improved in comparison to past games. However, he believes there is still room for improvement. Additional and sustainable social support is necessary to ensure those with disabilities can enjoy living conditions equal to those of other citizens and have an equal share in the development of their societies.</span></p>
<div id="attachment_13896" style="width: 710px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2018/05/포스코-스켈레톤·봅슬레이-및-장애인-아이스하키-선수단에-격려금-전달.jpg" target="_blank" rel="noopener"><img class="wp-image-13896" src="https://newsroom.posco.com/en/wp-content/uploads/2018/05/포스코-스켈레톤·봅슬레이-및-장애인-아이스하키-선수단에-격려금-전달.jpg" alt="Koreanparalympiccommitte" width="700" height="411" /></a><p class="wp-caption-text">POSCO supports not only their technology but also financial aid</p></div>
<p>&nbsp;</p>
<h2><b>How to support?</b></h2>
<p><span style="font-weight: 400;">Jung explains, “Financial support is not everything but it is important in certain circumstances.” POSCO has been a proud sponsor of athletes with disabilities and has provided roughly $2.6 million in support of Para sport since 2011. This year, POSCO donated $370,000 to the Korean Paralympic team in honor of their effort and passion.</span></p>
<div id="attachment_13896" style="width: 710px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2018/05/cb036115208.jpg" target="_blank" rel="noopener"><img class="wp-image-13896" src="https://newsroom.posco.com/en/wp-content/uploads/2018/05/cb036115208.jpg" alt="Koreanparalympiccommitte" width="700" height="411" /></a><p class="wp-caption-text">&#8216;Harmony&#8217; is the element that POSCO will promise for better society</p></div>
<p><span style="font-weight: 400;">Jung believes that sports might be the key to resolving discrimination against people with disabilities. However, this can only be accomplished with active contribution from supporters. POSCO will continue to support Jin-Owan Jung&#8217;s dream of achieving social harmony and creating a society where having a disability does not impede one&#8217;s quality of life.</span></p>
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				<title>The Perfect Finish: Safe and Sustainable Steel Packaging</title>
				<link>https://newsroom.posco.com/en/perfect-finish-safe-sustainable-steel-packaging/</link>
				<pubDate>Tue, 06 Feb 2018 17:35:39 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[Steel Matters]]></category>
		<category><![CDATA[aerosol can]]></category>
		<category><![CDATA[APEAL]]></category>
		<category><![CDATA[Ardagh Group]]></category>
		<category><![CDATA[army food]]></category>
		<category><![CDATA[Association of European Producers of Steel for Packaging]]></category>
		<category><![CDATA[Bacteria-free stainless steel surfaces]]></category>
		<category><![CDATA[beauty products]]></category>
		<category><![CDATA[canned food]]></category>
		<category><![CDATA[canning factory]]></category>
		<category><![CDATA[circular economy]]></category>
		<category><![CDATA[cost-effective]]></category>
		<category><![CDATA[design]]></category>
		<category><![CDATA[eco-friendly]]></category>
		<category><![CDATA[electrochemical]]></category>
		<category><![CDATA[electrochemical etching chemical]]></category>
		<category><![CDATA[Georgia Institute of Technology]]></category>
		<category><![CDATA[Georgia Tech]]></category>
		<category><![CDATA[Henkel]]></category>
		<category><![CDATA[High-quality steel]]></category>
		<category><![CDATA[implants]]></category>
		<category><![CDATA[material]]></category>
		<category><![CDATA[military food]]></category>
		<category><![CDATA[Nanotexture]]></category>
		<category><![CDATA[Nanotextured]]></category>
		<category><![CDATA[Nanotextured steel]]></category>
		<category><![CDATA[Pack World]]></category>
		<category><![CDATA[Packaging]]></category>
		<category><![CDATA[packaging manufacturer]]></category>
		<category><![CDATA[recycling]]></category>
		<category><![CDATA[resistance]]></category>
		<category><![CDATA[Safe Packaging]]></category>
		<category><![CDATA[Soudronic]]></category>
		<category><![CDATA[Soudronic canning factory]]></category>
		<category><![CDATA[Soudronic factory]]></category>
		<category><![CDATA[spikes]]></category>
		<category><![CDATA[spine implants]]></category>
		<category><![CDATA[stainless steel]]></category>
		<category><![CDATA[steel lifecycle]]></category>
		<category><![CDATA[Steel Packaging]]></category>
		<category><![CDATA[sustainable]]></category>
		<category><![CDATA[Sustainable Packaging]]></category>
		<category><![CDATA[Sustainable Steel Packaging]]></category>
		<category><![CDATA[technology]]></category>
		<category><![CDATA[war food]]></category>
		<category><![CDATA[watch]]></category>
									<description><![CDATA[Often times, the competitiveness of a manufactured product lies in the finishing touches. For centuries, manufacturers have used steel packaging mainly for]]></description>
																<content:encoded><![CDATA[<p><span style="font-weight: 400;">Often times, the competitiveness of a manufactured product lies in the finishing touches. For centuries, manufacturers have used steel packaging mainly for food, starting with steel cans to package food for the French troops during the Napoleonic wars. Commercial production of steel cans began in 1812 in London to supply longer-lasting food to the British army. Today, manufacturers turn out up to </span><a href="https://www.worldsteel.org/steel-by-topic/steel-markets/food-and-water/steel-packaging.html" target="_blank" rel="noopener"><span style="font-weight: 400;">1000 cans per minute</span></a><span style="font-weight: 400;"> for more than </span><a href="https://oureverydaylife.com/kind-cans-used-canned-foods-34339.html" target="_blank" rel="noopener"><span style="font-weight: 400;">1500 types of food</span></a><span style="font-weight: 400;">, but also for beauty products, paints, chemicals and more.</span></p>
<p><span style="font-weight: 400;">Watch hundreds of steel cans being produced at a </span><a href="http://www.soudronic.com/" target="_blank" rel="noopener"><span style="font-weight: 400;">Soudronic </span></a><span style="font-weight: 400;">canning factory.</span></p>
<div class="video_wrap"><iframe src="https://www.youtube.com/embed/jOQQvVCi-j0?rel=0" width="300" height="150" allowfullscreen="allowfullscreen"><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start">?</span></span></iframe></div>
<h2><b>Advantages of Steel Packaging</b></h2>
<p><span style="font-weight: 400;">Steel is one of the most commonly used packaging materials by manufacturers, because it is widely available, cost-effective and easy to work with. Steel packages can be customized to just about any shape and size depending on the needs of the business, and the continuously improving quality of steel lets manufacturers use less material without losing rigidity. </span></p>
<p><span style="font-weight: 400;">Steel as a packaging material is tamper-resistant, durable and has an extremely long shelf life, hence the reason why canned food seems to last forever. At the end of its life cycle, steel is 100 percent recyclable and does not lose any of its properties or qualities in the process. Plus, at least </span><a href="https://oureverydaylife.com/kind-cans-used-canned-foods-34339.html" target="_blank" rel="noopener"><span style="font-weight: 400;">25 percent</span></a><span style="font-weight: 400;"> of every steel can must be made of recycled steel, and its magnetic properties make it even easier to recover for recycling. </span></p>
<div id="attachment_13706" style="width: 610px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2018/02/Recycling-Steel-Cans.jpg" target="_blank" rel="noopener"><img class="wp-image-13706 size-full" src="https://newsroom.posco.com/en/wp-content/uploads/2018/02/Recycling-Steel-Cans.jpg" alt="Steel cans get ready to be recycled." width="600" height="400" /></a><p class="wp-caption-text">Steel is 100 percent recyclable and the most-recycled material in the world. (Source: <a href="https://www.causewaycoastandglens.gov.uk/news/the-benefits-of-recycling-steel-cans" target="_blank" rel="noopener">Causeway Coast and Glens</a>)</p></div>
<p><span style="font-weight: 400;">According to the </span><a href="https://www.apeal.org/statistics/" target="_blank" rel="noopener"><span style="font-weight: 400;">Association of European Producers of Steel for Packaging</span></a><span style="font-weight: 400;"> (APEAL), steel packages are the most recycled packages out of all packaging materials, and its recycling rates keep climbing. In Europe, over 77 percent of steel packages are recycled and in countries such as the Netherlands, Belgium and Germany, rates exceed 90 percent.</span></p>
<h2><b>New Innovations </b></h2>
<p><span style="font-weight: 400;">Today, there are numerous new technologies taking steel packaging to a whole new level. Higher-quality alloys of steel and innovative new methods for processing steel are making everyday products safer, more convenient and efficient. Here’s some examples to show the advances being made in steel packaging.</span></p>
<h3><b>Bacteria-free stainless steel surfaces</b></h3>
<p><span style="font-weight: 400;">Researchers at </span><a href="http://www.gatech.edu/" target="_blank" rel="noopener"><span style="font-weight: 400;">Georgia Institute of Technology</span></a><span style="font-weight: 400;"> recently invented a new way to fight harmful bacteria such as E. coli on steel surfaces. Instead of the traditional antibiotics that are temporary and can aid bacteria in developing resistance, this new process uses an </span><a href="http://www.rh.gatech.edu/news/599830/nanotexturing-creates-bacteria-killing-spikes-stainless-steel-surfaces" target="_blank" rel="noopener"><span style="font-weight: 400;">electrochemical etching chemical process</span></a><span style="font-weight: 400;"> to create thousands of tiny nano spikes on stainless steel surfaces. By switching up the levels of voltage and current flow in the electrochemical process, the researchers ended up with a rougher, “spiked” surface. </span></p>
<p><span style="font-weight: 400;">The spikes are about 25 nanometers long, and will kill both </span><a href="https://gizmodo.com/a-new-type-of-steel-kills-bacteria-with-nanospikes-1821270726" target="_blank" rel="noopener"><span style="font-weight: 400;">gram-positive and gram-negative bacteria</span></a><span style="font-weight: 400;"> on contact, without damaging human cells. The human eye cannot tell the difference between nanotextured steel and regular steel, and the technology increases corrosion resistance as well. </span></p>
<div id="attachment_13705" style="width: 610px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2018/02/Nano-Spikes.jpg" target="_blank" rel="noopener"><img class="wp-image-13705" src="https://newsroom.posco.com/en/wp-content/uploads/2018/02/Nano-Spikes.jpg" alt="Two small square pieces of stainless steel that are nanotextured." width="600" height="400" srcset="https://newsroom.posco.com/en/wp-content/uploads/2018/02/Nano-Spikes.jpg 940w, https://newsroom.posco.com/en/wp-content/uploads/2018/02/Nano-Spikes-800x534.jpg 800w, https://newsroom.posco.com/en/wp-content/uploads/2018/02/Nano-Spikes-768x512.jpg 768w" sizes="(max-width: 600px) 100vw, 600px" /></a><p class="wp-caption-text">Nanotextured steel can kill bacterial upon contact without harming human cells. (Source: <a href="https://www.theengineer.co.uk/bacteria-killing-nano-spikes-steel/" target="_blank" rel="noopener">The Engineer</a>)</p></div>
<p><span style="font-weight: 400;">Though the technology is new and is awaiting additional tests, it could be a permanent solution to treating bacteria and potentially change the medical and food industries completely. Nanotextured stainless steel can be used not only for packaging, but the manufacturing equipment that come in to contact with food. Researchers are also working to apply the technology to </span><a href="http://www.titanspine.com/content/news/TitanSpineSecuresCMSNewTechnologyICD-10CodeforNanotexturedSurfaceonInterbodyFusionDevic.htm" target="_blank" rel="noopener"><span style="font-weight: 400;">spine implants</span></a><span style="font-weight: 400;"> and other implants that come in direct contact with the body. </span></p>
<h3><b>The world&#8217;s lightest 3-piece aerosol can</b></h3>
<p><span style="font-weight: 400;">German company </span><a href="https://www.henkel.com/company" target="_blank" rel="noopener"><span style="font-weight: 400;">Henkel </span></a><span style="font-weight: 400;">and packaging manufacturer </span><a href="https://www.ardaghgroup.com/" target="_blank" rel="noopener"><span style="font-weight: 400;">Ardagh Group</span></a><span style="font-weight: 400;"> developed a new, sustainable aerosol spray can for Henkel’s beauty products using high-quality steel. The can is a mere 0.13mm thick, using up 15 percent less materials than its counterparts, but is also more rigid. The world’s lightest aerosol can also reduce C02 output by 3500 metric tons and water consumption by 900,000 cubic meters per year. </span></p>
<div id="attachment_13704" style="width: 610px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2018/02/Innovative-Aerosol-Can.jpg" target="_blank" rel="noopener"><img class="wp-image-13704" src="https://newsroom.posco.com/en/wp-content/uploads/2018/02/Innovative-Aerosol-Can.jpg" alt="Three Taft aerosol cans." width="600" height="423" srcset="https://newsroom.posco.com/en/wp-content/uploads/2018/02/Innovative-Aerosol-Can.jpg 900w, https://newsroom.posco.com/en/wp-content/uploads/2018/02/Innovative-Aerosol-Can-800x564.jpg 800w, https://newsroom.posco.com/en/wp-content/uploads/2018/02/Innovative-Aerosol-Can-768x541.jpg 768w" sizes="(max-width: 600px) 100vw, 600px" /></a><p class="wp-caption-text">High-quality steel makes this aerosol eco-friendly. (Source: <a href="https://www.packworld.com/article/worlds-lightest-3-piece-steel-aerosol-can" target="_blank" rel="noopener">Pack World</a>)</p></div>
<p><span style="font-weight: 400;">The development is in line with Henkel’s efforts to contribute to a circular economy. Thus the company aimed to design a packaging material that is not only effective and sustainable to produce, but is also 100 percent recyclable. </span></p>
<p><span style="font-weight: 400;">As the most recycled packaging material in the world, steel will continue to package food, beauty products, paints, chemicals and more manufactured goods. Especially with advances in the quality of steel alloys and innovative ways to process steel, manufacturers can be assured their products will be safe and sound in effective, cost-efficient, sustainable and safe packages.</span></p>
<p>&nbsp;</p>
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				<title>How POSCO Sees a Future of Renewable Energy</title>
				<link>https://newsroom.posco.com/en/posco-sees-future-renewable-energy-2/</link>
				<pubDate>Thu, 05 Oct 2017 09:07:02 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[Steel Matters]]></category>
		<category><![CDATA[eco-friendly]]></category>
		<category><![CDATA[environment]]></category>
		<category><![CDATA[green technology]]></category>
		<category><![CDATA[material]]></category>
		<category><![CDATA[POSCO]]></category>
		<category><![CDATA[PosMAC]]></category>
		<category><![CDATA[production]]></category>
		<category><![CDATA[steel industry]]></category>
		<category><![CDATA[sustainability]]></category>
		<category><![CDATA[sustainable energy]]></category>
									<description><![CDATA[October is National Energy Awareness Month in the United States, meant to raise awareness for the importance of energy for sustainability and environmental]]></description>
																<content:encoded><![CDATA[<p><span style="font-weight: 400;">October is National Energy Awareness Month in the United States, meant to raise awareness for the importance of energy for sustainability and environmental well-being. </span></p>
<p><span style="font-weight: 400;">Carbon-based fossil fuels are finite resources that are gradually becoming too costly to extract, both in terms of environmental impact and financially. These resources will run out, or fall out of use as the cost of retrieval outweigh the reward.</span></p>
<p><span style="font-weight: 400;">Renewable, sustainable energy comes from resources that are replenished regularly — typically, the wind and the sun. Whether hydroelectric power, bioenergy, geothermal energy, or </span><a href="https://newsroom.posco.com/en/solar-energy-development-key-future-energy/" target="_blank" rel="noopener"><span style="font-weight: 400;">solar photovoltaic power,</span></a><span style="font-weight: 400;"> sustainable energy sources protect the environment and offer a future-proof way to power people’s lives. </span></p>
<div id="attachment_12938" style="width: 780px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/09/Hydroelectric-Dam.jpg" target="_blank" rel="noopener"><img class="wp-image-12938 size-full" src="https://newsroom.posco.com/en/wp-content/uploads/2017/09/Hydroelectric-Dam.jpg" alt="Water pours out of a hydroelectric dam." width="770" height="489" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/09/Hydroelectric-Dam.jpg 770w, https://newsroom.posco.com/en/wp-content/uploads/2017/09/Hydroelectric-Dam-768x488.jpg 768w" sizes="(max-width: 770px) 100vw, 770px" /></a><p class="wp-caption-text">Hydroelectricity is another form of renewable energy. (Source: <a href="http://www.usgbc-uscaribbean.org/renewable-energy" target="_blank" rel="noopener">USGBC</a>)</p></div>
<p><span style="font-weight: 400;">Historically, renewable energy has been overlooked in favor of carbon-based energy, owing to the cost of installing new technology versus using what is already in existence. With costs decreasing, however, alongside a global urge to be more environmentally friendly and to implement more renewable and sustainable practices, things are set to change.</span></p>
<p><span style="font-weight: 400;">The global energy industry is shifting away from a reliance on carbon-intensive energy to sustainable, renewable energy. The steel industry is part of this shift. POSCO is one of the companies leading the way in achieving environmental well-being. It does so with environmentally responsible corporate practices, as well as by creating products that are eco-friendly and capable of changing energy production on a global scale.</span></p>
<h2><b>Trends in the Global Energy Industry</b></h2>
<p><span style="font-weight: 400;">The growing importance of sustainable energy is clear. According to the </span><a href="http://www.ren21.net/wp-content/uploads/2016/06/GSR_2016_Full_Report.pdf" target="_blank" rel="noopener"><span style="font-weight: 400;">Renewable Energy Policy Network</span></a><span style="font-weight: 400;">, in 2016, renewable energy capacity was enough to supply over 23 percent of global electricity, and worldwide new investment in renewable power and fuels climbed to a high of USD 285.9 billion in 2015.</span></p>
<p><span style="font-weight: 400;">With the focus on sustainability, the mix of energy sources being used is shifting, too. In the United States, while renewable energy and natural gas continue to grow, </span><a href="https://www.gepower.com/transform/article.transform.articles.2017.feb.5-energy-industry-trends-in-2017-" target="_blank" rel="noopener"><span style="font-weight: 400;">the consumption of coal is dropping</span></a><span style="font-weight: 400;">. </span></p>
<p><span style="font-weight: 400;">As in many other industries and areas, technology is changing the face of the global energy industry. Artificial intelligence, big data, and other technological strides make energy production more efficient, optimizing practices and opening the door to more sustainability.</span></p>
<h2><b>POSCO’s Energy and Environmental Strategy</b></h2>
<p><span style="font-weight: 400;">As a major player in the steel industry, POSCO takes its role in promoting sustainability very seriously. Its </span><a href="http://www.posco.com/homepage/docs/eng5/dn/sustain/customer/2016_POSCO_Report_EN.pdf" target="_blank" rel="noopener"><span style="font-weight: 400;">energy and environmental strategy</span></a><span style="font-weight: 400;"> set out the company’s expectations and plans for ensuring eco-friendly practices on all fronts, guiding all activities to ensure it is acting in an environmentally-conscious manner.</span></p>
<p><span style="font-weight: 400;">POSCO’s environmental management policy makes sure that the company complies with all environmental regulations, and works to improve the environment in its processes. Clean production processes and optimized pollution prevention technology minimizes emissions. Efficient use of resources and byproducts also enhance efficiency. </span></p>
<p><span style="font-weight: 400;">POSCO uses clean energy and green technology wherever possible, leading the low-carbon green growth initiative. Its environmental management processes and performance are fully disclosed for transparency and sustainability.</span></p>
<p><span style="font-weight: 400;">As part of its strategy, POSCO is dedicated to creating eco-friendly products, with 20 eco-friendly steel products developed in 2016. Eco-friendly products accounted for almost half of all products developed that year.</span></p>
<h2><b>Exploring POSCO’s Efforts</b></h2>
<p><span style="font-weight: 400;">One of POSCO’s biggest environmental successes is </span><a href="https://newsroom.posco.com/en/poscos-posmac-leads-new-generation-specialized-steel/" target="_blank" rel="noopener"><span style="font-weight: 400;">PosMAC</span></a><span style="font-weight: 400;">, or POSCO Magnesium Alloy Coating Product. PosMAC is an ultra-corrosion resistant alloyed steel plate, adding safety and efficiency to buildings and products constructed with this material.</span></p>
<p><span style="font-weight: 400;">How does PosMAC help the environment? This material is ideal for constructing </span><a href="https://newsroom.posco.com/en/posmac-revolutionary-steel/" target="_blank" rel="noopener"><span style="font-weight: 400;">solar panels</span></a><span style="font-weight: 400;">, owing to its high resistance and affordability. </span></p>
<div id="attachment_12949" style="width: 750px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/09/Solar-panels-made-of-PosMAC-produce-renewable-energy.jpg" target="_blank" rel="noopener"><img class="wp-image-12949" src="https://newsroom.posco.com/en/wp-content/uploads/2017/09/Solar-panels-made-of-PosMAC-produce-renewable-energy-1024x433.jpg" alt="Solar panels made of PosMAC produce renewable energy." width="740" height="313" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/09/Solar-panels-made-of-PosMAC-produce-renewable-energy-1024x433.jpg 1024w, https://newsroom.posco.com/en/wp-content/uploads/2017/09/Solar-panels-made-of-PosMAC-produce-renewable-energy-800x338.jpg 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/09/Solar-panels-made-of-PosMAC-produce-renewable-energy-768x325.jpg 768w, https://newsroom.posco.com/en/wp-content/uploads/2017/09/Solar-panels-made-of-PosMAC-produce-renewable-energy.jpg 1300w" sizes="(max-width: 740px) 100vw, 740px" /></a><p class="wp-caption-text">Solar panels made of PosMAC produce renewable energy</p></div>
<p><span style="font-weight: 400;">Solar photovoltaic units generally last about 30 years. The materials used within construction need to stand up to the elements for that long. The cost of the units, including materials, is about half of the total price of installing a solar energy system, making material pricing a key factor in the accessibility of solar.</span></p>
<p><span style="font-weight: 400;">Because PosMAC can resist weather and corrosion effects, and because it is affordable, it is well suited for use in solar units. PosMAC lowers the cost of installing solar energy, bringing it within reach of industry players and smaller consumers alike. </span></p>
<p>This year, POSCO signed MOUs with four major manufacturers of photovoltaic structures in India including Ganges and Purshotam to supply a total of 49,000 tons of PosMAC. Company executives hope to increase that number to 60,000 tons by 2018.</p>
<p><span style="font-weight: 400;">This is just one example of an environmentally friendly application of PosMAC. There is plenty of potential for this material to be used in the wind, biomass/fuel, small hydro, geothermal and energy efficiency sectors too. Wherever environmentally sustainable, cost-effective and high-performance is in need, POSCO and its steel products such as PosMAC have a role.</span></p>
<p><span style="font-weight: 400;">Cover photo courtesy of the </span><a href="http://www.huffingtonpost.com/lorena-aguilar/unleashing-the-power-of-w_b_8338842.html" target="_blank" rel="noopener"><span style="font-weight: 400;">Huffington Post</span></a><span style="font-weight: 400;">. </span></p>
<p>&nbsp;</p>
<p><strong><a href="https://newsroom.posco.com/en/subscribe/" target="_blank" rel="noopener"><b>Don</b><b><span lang="EN-US">’</span></b><b>t miss any of the exciting stories from The Steel Wire </b><b><span lang="EN-US">–</span></b><b> subscribe via email today</b></a>.</strong></p>
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				<title>How Tiny Steel Homes Allow for Limitless Living</title>
				<link>https://newsroom.posco.com/en/tiny-steel-homes-allow-limitless-living/</link>
				<pubDate>Mon, 31 Jul 2017 09:38:04 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[Steel Matters]]></category>
		<category><![CDATA[building]]></category>
		<category><![CDATA[David Hillegas]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[eco-friendly]]></category>
		<category><![CDATA[energy]]></category>
		<category><![CDATA[Estonia]]></category>
		<category><![CDATA[recycled]]></category>
		<category><![CDATA[steel]]></category>
		<category><![CDATA[style]]></category>
		<category><![CDATA[sustainable]]></category>
		<category><![CDATA[Tiny House Build]]></category>
		<category><![CDATA[wood]]></category>
									<description><![CDATA[Housing affordability is an ever growing concern for communities nationwide and nearly 39 million US households live in housing they cannot afford. As an]]></description>
																<content:encoded><![CDATA[<p><span style="font-weight: 400;">Housing affordability is an ever growing concern for communities nationwide and </span><a href="http://www.jchs.harvard.edu/sites/jchs.harvard.edu/files/harvard_jchs_state_of_the_nations_housing_2017_chap6.pdf" target="_blank" rel="noopener"><span style="font-weight: 400;">nearly 39 million US households</span></a><span style="font-weight: 400;"> live in housing they cannot afford. As an affordable and eco-conscious solution to an increasingly tight housing supply, today’s home buyers are choosing to go small and joining the tiny house movement. </span></p>
<p><span style="font-weight: 400;">The tiny house movement is demonstrating the trend of living and maintaining a minimalist lifestyle for those who want simpler ways of living. This trend is picking up pace across generations and countries for financial and environmental reasons. With thoughtful and innovative designs, tiny home owners can enjoy a greener lifestyle and the satisfaction of building their own refuge while freeing themselves from mortgages and expensive energy bills.</span></p>
<p><span style="font-weight: 400;">Read on to find out about these beautiful, portable and tiny houses that maximize both function and style as well as why steel is gaining popularity as the choice over wood for such homes. </span></p>
<h2><b>Less is More </b></h2>
<p><span style="font-weight: 400;">A tiny house is a shelter that is less than 400 square feet, sometimes built on wheels, that encourages a simpler lifestyle and more efficient energy consumption. Tiny homes are environmentally-friendly in multiple ways from their small ecological footprint to minimal utility consumption. </span><span style="font-weight: 400;"><br />
</span><span style="font-weight: 400;"><br />
</span><span style="font-weight: 400;">The materials selected to build tiny homes can further contribute to the sustainability factor. According to </span><a href="https://tinyhousebuild.com/tiny-houses-infographic/" target="_blank" rel="noopener"><span style="font-weight: 400;">Tiny House Build’s infographic</span></a><span style="font-weight: 400;">, the average house (2,598 square feet on average) emits 28,000 pounds of CO2 per year while a tiny house (186 square feet on average) emits only 2,000 pounds of CO2 per year. </span></p>
<p><span style="font-weight: 400;">Tiny homes made with steel can be lighter, stronger and more durable. Here are a few reasons why you should choose steel for sustainable living : </span><span style="font-weight: 400;"><br />
</span></p>
<p><b>1. Steel is the most recycled material in the world </b><span style="font-weight: 400;">&#8211; anything made of steel in your home can be recycled and made into new products.<br />
</span><b>2. Steel’s longevity means your house will remain for a lifetime</b><span style="font-weight: 400;"> without having to use up tremendous amounts of time, money and resources for fixing or rebuilding.<br />
</span><b>3. Light-weight steel allows thinner and larger window frames</b><span style="font-weight: 400;"> which let in more natural light to brighten up your home.</span><span style="font-weight: 400;"><br />
</span><span style="font-weight: 400;">(H/T to </span><a href="https://www.worldsteel.org/media-centre/lovesteel/housing/10-ways-steel-makes-our-homes-more-sustainable.html" target="_blank" rel="noopener"><span style="font-weight: 400;">World Steel Association</span></a><span style="font-weight: 400;">)</span></p>
<p><span style="font-weight: 400;">Thanks to steel’s many benefits, 21st century housing needs can be met in both sustainable and aesthetically pleasant ways. </span></p>
<h2><b>ÖÖD Hotel Rooms in Estonia </b></h2>
<p><span style="font-weight: 400;">Meet </span><a href="https://www.oodhouse.com/" target="_blank" rel="noopener"><span style="font-weight: 400;">ÖÖD</span></a><span style="font-weight: 400;">, gorgeous steel-framed rooms that are delivered to anywhere in Estonia as a complete set. ÖÖD offers all the living essentials built into a compact 200-square-meter footprint. Designed for use as pop-up hotel rooms for the fast growing Airbnb and Booking.com markets in Estonia, it can be installed anywhere in only 8 hours without a building permit.</span><span style="font-weight: 400;"><br />
</span></p>
<div id="attachment_12570" style="width: 695px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/07/OOD-hotel-rooms.png" target="_blank" rel="noopener"><img class="wp-image-12570" src="https://newsroom.posco.com/en/wp-content/uploads/2017/07/OOD-hotel-rooms.png" alt=" ÖÖD is an 18 sq m tiny home clad in mirrored glass to help it blend into its surrounds." width="685" height="378" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/07/OOD-hotel-rooms.png 1419w, https://newsroom.posco.com/en/wp-content/uploads/2017/07/OOD-hotel-rooms-800x442.png 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/07/OOD-hotel-rooms-768x424.png 768w, https://newsroom.posco.com/en/wp-content/uploads/2017/07/OOD-hotel-rooms-1024x566.png 1024w" sizes="(max-width: 685px) 100vw, 685px" /></a><p class="wp-caption-text">An exterior view of OOD (Source: <a href="https://www.oodhouse.com/" target="_blank" rel="noopener">ÖÖD</a>)</p></div>
<p>Each unit, made from steel, insulated glass and thermally treated wood, costs around USD 36,000. This sleek tiny home offers heated floors, LED lighting and a Bose sound system, and it is even under development for off-grid solutions.</p>
<div id="attachment_12568" style="width: 695px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/07/Interior-view-of-OOD-hotel-rooms.png" target="_blank" rel="noopener"><img class="wp-image-12568" src="https://newsroom.posco.com/en/wp-content/uploads/2017/07/Interior-view-of-OOD-hotel-rooms.png" alt="ÖÖD is an 18 sq m tiny home clad in mirrored glass to help it blend into its surrounds" width="685" height="454" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/07/Interior-view-of-OOD-hotel-rooms.png 1180w, https://newsroom.posco.com/en/wp-content/uploads/2017/07/Interior-view-of-OOD-hotel-rooms-800x530.png 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/07/Interior-view-of-OOD-hotel-rooms-768x509.png 768w, https://newsroom.posco.com/en/wp-content/uploads/2017/07/Interior-view-of-OOD-hotel-rooms-1024x679.png 1024w" sizes="(max-width: 685px) 100vw, 685px" /></a><p class="wp-caption-text">An interior view of OOD hotel rooms (Source: <a href="https://www.oodhouse.com/" target="_blank" rel="noopener">ÖÖD</a>)</p></div>
<h2><b>Smartdome in Slovenia</b></h2>
<p><span style="font-weight: 400;">Another growing trend in the tiny house movement is dome-shaped houses. Dome homes are durable, efficient and most importantly, very fun to live in. The balanced shape of dome homes allows homeowners to minimize their vulnerability to natural disasters. </span></p>
<p><span style="font-weight: 400;">The Slovenian-designed abodes from </span><a href="http://www.smartdome.si/" target="_blank" rel="noopener"><span style="font-weight: 400;">Smartdome</span></a><span style="font-weight: 400;"> can be assembled, disassembled and moved anywhere across the nation and is only around 270 square feet. The base features adjustable steel legs which can accommodate uneven terrain and the frames are made of galvanized steel and timber. </span></p>
<div id="attachment_12571" style="width: 695px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/07/Smartdome.png" target="_blank" rel="noopener"><img class="wp-image-12571" src="https://newsroom.posco.com/en/wp-content/uploads/2017/07/Smartdome.png" alt="Smartdome, a 270 square foot dome home, features adjustable steel legs" width="685" height="382" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/07/Smartdome.png 843w, https://newsroom.posco.com/en/wp-content/uploads/2017/07/Smartdome-800x446.png 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/07/Smartdome-768x428.png 768w" sizes="(max-width: 685px) 100vw, 685px" /></a><p class="wp-caption-text">An exterior view of Smartdome (Source: <a href="http://www.smartdome.si/interiors-2/" target="_blank" rel="noopener">Smartdome</a>)</p></div>
<div id="attachment_12569" style="width: 695px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/07/Interior-view-of-Smartdome.png" target="_blank" rel="noopener"><img class="wp-image-12569 size-full" src="https://newsroom.posco.com/en/wp-content/uploads/2017/07/Interior-view-of-Smartdome.png" alt="The Slovenian-designed Smartdome can be assembled, disassembled and moved anywhere across the nation." width="685" height="472" /></a><p class="wp-caption-text">An interior view of Smartdome (Source: <a href="http://www.smartdome.si/interiors-2/" target="_blank" rel="noopener">Smartdome</a>)</p></div>
<p>Thanks to these beautiful and innovative designs, living small just got a whole lot sweeter. With strong, durable and eco-friendly steel-framed homes, homeowners can enjoy a simplistic lifestyle with financial and emotional freedom.</p>
<p><span style="font-weight: 400;">*Cover photo source: David Hillegas</span></p>
<p>&nbsp;</p>
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				<title>GM Korea &#038; POSCO: A Partnership for Innovation</title>
				<link>https://newsroom.posco.com/en/gm-korea-posco-partnership-innovation/</link>
				<pubDate>Mon, 17 Jul 2017 10:13:37 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[Business]]></category>
		<category><![CDATA[AHSS]]></category>
		<category><![CDATA[eco-friendly]]></category>
		<category><![CDATA[GM Korea]]></category>
		<category><![CDATA[Incheon]]></category>
		<category><![CDATA[Innovation]]></category>
		<category><![CDATA[lightweight]]></category>
		<category><![CDATA[POSCO GIGA STEEL]]></category>
		<category><![CDATA[steel sheet]]></category>
		<category><![CDATA[strength]]></category>
		<category><![CDATA[technology]]></category>
									<description><![CDATA[POSCO works closely with its partners to provide customized solutions for their products. One of POSCO’s biggest partners is GM Korea, and their auto-steel]]></description>
																<content:encoded><![CDATA[<p><span style="font-weight: 400;">POSCO works closely with its partners to provide customized solutions for their products. One of POSCO’s biggest partners is GM Korea, and their auto-steel partnership goes back 15 years. On May 30th, as part of </span><a href="https://newsroom.posco.com/en/solution-marketing-2-0-ensuring-success-planning-production/" target="_blank" rel="noopener"><span style="font-weight: 400;">POSCO’s Solution Marketing 2.0</span></a><span style="font-weight: 400;"> initiative, GM Korea representatives visited POSCO’s Global R&amp;D Center in Incheon to take part in various programs. This event follows the successful launch of the 2017 All New Chevrolet Cruze made with </span><a href="https://newsroom.posco.com/en/posco-giga-steel-increases-strength-improves-safety-autos/" target="_blank" rel="noopener"><span style="font-weight: 400;">POSCO GIGA STEEL</span></a><span style="font-weight: 400;">. GM Korea’s representatives were invited to take part in a fatigue test, a high-speed crash test as well as to tour of the labs and discuss Chevy’s All New Cruze.</span></p>
<div id="attachment_12484" style="width: 660px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en//wp-content/uploads/2017/07/A-Demonstration-at-POSCO’s-Global-RD-Center.png" target="_blank" rel="noopener"><img class="wp-image-12484 size-full" src="https://newsroom.posco.com/en//wp-content/uploads/2017/07/A-Demonstration-at-POSCO’s-Global-RD-Center.png" alt="The press and participants watch a demonstration at POSCO’s Global R&amp;D Center in Incheon" width="650" height="380" /></a><p class="wp-caption-text">The press and event participants watching a demonstration at POSCO’s Global R&amp;D Center</p></div>
<p>&nbsp;</p>
<h2><b>The 2017 All New Chevrolet Cruze</b></h2>
<p><span style="font-weight: 400;">GM Korea released its 2017 All New Chevy Cruze earlier this year, which is composed of 74.6 percent High Strength Steel (HSS) and Advanced High Strength Steel (AHSS), including POSCO GIGA STEEL. The All New Cruze is 77 kilograms lighter than last year’s model. So far, this year’s model has been a success with </span><a href="http://media.gm.com/media/kr/en/chevrolet/home.detail.html/content/Pages/news/kr/en/2017/april/0403_sales.html" target="_blank" rel="noopener"><span style="font-weight: 400;">2,147 units sold</span></a><span style="font-weight: 400;"> in the first month of its release. </span></p>
<div id="attachment_12436" style="width: 660px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/07/The-2017-All-new-Chevy-Cruze.png" target="_blank" rel="noopener"><img class="wp-image-12436 size-full" src="https://newsroom.posco.com/en/wp-content/uploads/2017/07/The-2017-All-new-Chevy-Cruze.png" alt="A gray 2017 All New Chevy Cruze parked outside the POSCO Global R&amp;D Center in Incheon" width="650" height="380" /></a><p class="wp-caption-text">The 2017 All New Chevy Cruze</p></div>
<p><span style="font-weight: 400;">Last year’s All New Malibu used POSCO’s HSS and AHSS for the entire body of the car and received the highest safety rating in the New Car Assessment Program conducted by </span><a href="http://www.koreaherald.com/view.php?ud=20160523000814" target="_blank" rel="noopener"><span style="font-weight: 400;">the National Highway Traffic Safety Administration</span></a><span style="font-weight: 400;"> in the U.S. There is a more advanced version of HSS and AHSS from POSCO in the 2017 All New Chevy Cruze than in the Malibu, ensuring an even safer vehicle.</span></p>
<p><span style="font-weight: 400;">More than 20 percent of the HSS and AHSS used in the All New Chevy Cruze is POSCO GIGA STEEL. It has a tensile strength of 1 GPa or more, plus 3 to 5 times more strength than mild steel. A 10&#215;15 cm piece of POSCO GIGA STEEL can withstand the weight of 1,500 cars weighing one ton each. In addition, it is 3.5 times and 2.1 times cheaper than aluminum in terms of material cost and processing costs, respectively. With POSCO GIGA STEEL, vehicles can also achieve a 10 percent decrease in CO2 emissions. </span></p>
<h2><b>More Than Just a Steel Supplier</b></h2>
<div id="attachment_12397" style="width: 660px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/06/GM-Korea-and-POSCO-representatives.png" target="_blank" rel="noopener"><img class="wp-image-12397 size-full" src="https://newsroom.posco.com/en/wp-content/uploads/2017/06/GM-Korea-and-POSCO-representatives.png" alt="GM Korea and POSCO representatives visited the POSCO Global R&amp;D Center in Incheon on May 30 to tour the labs." width="650" height="380" /></a><p class="wp-caption-text">GM Korea and POSCO executives at the POSCO Global R&amp;D Center</p></div>
<p><span style="font-weight: 400;">POSCO GIGA STEEL is a major breakthrough solution for vehicles as it is high in strength, easy to process, lightweight, eco-friendly and cost effective. POSCO hopes to provide such solutions in other areas as well, namely electric cars. Currently, researchers are working on an electrical steel sheet that can minimize the power loss of motors as well as new technology to protect car batteries. In doing so, POSCO will continue to collaborate closely with manufacturers early on in their product development and deliver the most innovative solutions to meet their needs.</span></p>
<p>*Images courtesy of GM Korea</p>
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				<title>Discover the Technology that is Making Steel Production More Sustainable</title>
				<link>https://newsroom.posco.com/en/discover-the-tech-making-steel-more-sustainable-finex/</link>
				<pubDate>Mon, 05 Jun 2017 11:00:46 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[POSCO Reports]]></category>
		<category><![CDATA[BF]]></category>
		<category><![CDATA[blasting furnace]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[eco-friendly]]></category>
		<category><![CDATA[energy]]></category>
		<category><![CDATA[environment]]></category>
		<category><![CDATA[FINEX]]></category>
		<category><![CDATA[furnace]]></category>
		<category><![CDATA[future]]></category>
		<category><![CDATA[green energy]]></category>
		<category><![CDATA[iron]]></category>
		<category><![CDATA[material]]></category>
		<category><![CDATA[plant]]></category>
		<category><![CDATA[POSCO]]></category>
		<category><![CDATA[Primetals Technologies]]></category>
		<category><![CDATA[production]]></category>
		<category><![CDATA[recycling]]></category>
		<category><![CDATA[steel sustainability]]></category>
		<category><![CDATA[steel technology]]></category>
		<category><![CDATA[steelmaking]]></category>
		<category><![CDATA[sustainability]]></category>
		<category><![CDATA[sustainable]]></category>
		<category><![CDATA[sustainable manufacturing]]></category>
		<category><![CDATA[Sustainable production]]></category>
		<category><![CDATA[sustainable steel production]]></category>
		<category><![CDATA[sustainable technology]]></category>
									<description><![CDATA[Steelmaking is an energy-intensive, costly process. POSCO and Primetals worked together to develop the FINEX® Process - a cost-effective, more eco-friendly,]]></description>
																<content:encoded><![CDATA[<p><span style="font-weight: 400;">The steel industry faces many challenges due to rising energy demands, continuous price increases for natural gas &amp; raw materials, and the steadily decreasing quality &amp; quantity of iron ore. The conventional blast furnace route is both costly and energy intensive, making it difficult to fulfill ever stricter environmental regulations and achieve sustainable economic competitiveness. To combat these issues, POSCO worked to develop its own iron-making process that could be eco-friendly, cost effective, and efficient.</span></p>
<h2><b>The FINEX® Process</b></h2>
<p><span style="font-weight: 400;">The FINEX® Process was jointly developed by </span><a href="http://www.posco.com" target="_blank" rel="noopener"><span style="font-weight: 400;">POSCO </span></a><span style="font-weight: 400;">in Korea and </span><a href="https://www.primetals.com/en/Pages/Home.aspx" target="_blank" rel="noopener"><span style="font-weight: 400;">Primetals Technologies</span></a><span style="font-weight: 400;"> in Austria. FINEX® (along with </span><a href="http://primetals.com/en/technologies/ironmaking/corex%C2%AE" target="_blank" rel="noopener"><span style="font-weight: 400;">COREX®</span></a><span style="font-weight: 400;"> &#8211; another smelting process developed by Primetals) is the only commercial proven alternative steelmaking process to the blast furnace (BF) route.</span></p>
<p><span style="font-weight: 400;">FINEX® is based on the direct use of iron ore fines and non-coking coal while eliminating the coke-making and sintering processes, which are most critical to the conventional blast furnace process. Combining these two decisive advantages leads to lower production costs and the reduction of environmental emissions in comparison with the conventional blast furnace route.</span></p>
<div id="attachment_11859" style="width: 1804px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en//wp-content/uploads/2017/05/2.-The-Finex-process.png" target="_blank" rel="noopener"><img class="wp-image-11859 size-full" src="https://newsroom.posco.com/en/wp-content/uploads/2017/05/2.-The-Finex-process-e1496033324664.png" alt="Chart describing how the FINEX® Process combines cooking plant, sinter plant, and blast furnace into a single iron making unit." width="1794" height="497" /></a><p class="wp-caption-text">The FINEX® Process combines cooking plant, sinter plant, and blast furnace into a single iron making unit.</p></div>
<h2><b>Advantages of the FINEX® Process </b></h2>
<p><span style="font-weight: 400;">There are several key advantages to and differences in using the FINEX Process: </span></p>
<ul>
<li style="font-weight: 400;"><span style="font-weight: 400;">Non-coking coal can be used directly as a reducing agent and energy source </span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">100% fine ore can be directly charged to the process; no sintering or pelletising is required </span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">Pure oxygen can be used instead of nitrogen-rich hot blast</span></li>
</ul>
<p><span style="font-weight: 400;">In addition, the FINEX® Process offers several key advantages over alternative BF methods.</span></p>
<ul>
<li style="font-weight: 400;"><span style="font-weight: 400;">Economic benefits &#8211; low investment and operational costs due to the elimination of coking and sinter plants </span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">Ecological benefits &#8211; lowest process-related emission rates</span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">Product quality &#8211; hot metal quality suitable for ecological steel applications</span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">CO2 mitigation potential &#8211; pure oxygen is used</span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">Resource preserving &#8211; directly uses a wide range of iron ores and non-coking coals </span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">Beneficial by-products &#8211; generation of highly valuable export gas for various purposes (electric power generation, DRI production, or natural gas substitution)</span></li>
<li style="font-weight: 400;"><span style="font-weight: 400;">The FINEX® Process combines coking plant, sinter plant and blast furnace into a single iron making unit.</span></li>
</ul>
<h2><b>Creating The FINEX® Process</b></h2>
<p><span style="font-weight: 400; color: #333333;">Starting in December 1992, POSCO and Primetals Technologies signed a cooperation agreement for the joint development of the FINEX® Process. Following initial laboratory, bench scale and pilot plant tests, the FINEX® F-0.6M Demonstration Plant, with a nominal capacity of 2,000 tons per day, was built in Pohang, Korea, and started up in May 2003.<span style="font-weight: 400;"> On the basis of successful results and optimization of equipment and process parameters over the past few years, POSCO developed their own independently designed program in February 2017. Designed to carry out overseas FINEX projects without relying on Primetals Technologies or other external resources, the program can be used to calculate core equipment specifications and raw material conditions. In particular, the development of the FINEX Process Design Program, one of the subprograms, has made it possible for the “heat &amp; mass balance” to be automatically calculated when raw &amp; fuel material conditions change.</span></span></p>
<p>[clickToTweet tweet=&#8221;The FINEX® Process is a cost-effective, more eco-friendly, and efficient way to make steel. &#8221; quote=&#8221;The FINEX® Process is a cost-effective, more eco-friendly, and efficient way to make steel. &#8221; theme=&#8221;style6&#8243;]</p>
<h2><b>Efficiencies of the FINEX® Process</b></h2>
<p><span style="font-weight: 400;">The FINEX® smelting reduction process is one of the most exciting iron making technologies on the market. It is distinguished by the production of high-quality liquid hot metal, on the basis of directly charged iron ore fines, and coal as the reductant and energy source. A key feature of the FINEX® Process is that iron production is carried out in two separate process steps. In a series of fluidized-bed reactors, the fine iron ore is reduced to direct reduced iron, compacted (HCI), and then transported to a melter-gasifier. Coal and coal briquettes charged to the melter-gasifier are gasified, providing the necessary energy for melting in addition to the reduction gas.</span></p>
<h3><b>The FINEX® Process is Environmentally Friendly</b></h3>
<p><span style="font-weight: 400;">The FINEX® Process and the blast furnace route are coal-based processes reducing iron ore to iron, which is subsequently melted into hot metal. In both processes, the same product is generated out of almost the same raw material. A question that arises – and not only from an economic point of view – is “how do these production routes deal with unwanted impurities?” </span></p>
<p><span style="font-weight: 400;">A certain amount of environmentally harmful substances is inevitable based on the raw material mix. Hence, the objective of a sustainable steelmaking process is to discharge these substances in an environmentally compatible condition or destroy them during the process itself. Since the FINEX® Process captures most of the pollutants in an inert state in the slag, and the released hydrocarbons are destroyed in the dome of the melter gasifier, no additional investment or operational costs are incurred for a complex gas or disproportional waste water conditioning plant.</span></p>
<div id="attachment_11860" style="width: 1298px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en//wp-content/uploads/2017/05/3.-FINEX-emission-comparison.png" target="_blank" rel="noopener"><img class="wp-image-11860 size-full" src="https://newsroom.posco.com/en/wp-content/uploads/2017/05/3.-FINEX-emission-comparison-e1496033277981.png" alt="The FINEX® Process has revolutionized the steelmaking industry by creating an environmentally friendly way to make steel." width="1288" height="550" /></a><p class="wp-caption-text">Comparing the traditional blast furnace with the FINEX Process shows the improvements that POSCO was able to achieve to be more<br />environmentally friendly.</p></div>
<h2><b>Future-Proof Emissions Figures</b></h2>
<p><span style="font-weight: 400;">To bring blast furnaces in line with current and expected environmental standards, plants require significant investment. This can already be seen in the case of blast furnace dust emissions that are efficient, but costly filter systems must be installed in the sinter and coking plant. The FINEX® Process values are already far better than expected future standards. Moreover, the full development potential of the FINEX® Process has not yet been realized with respect to a further reduction of emissions.</span></p>
<h2><b>Moving Forward with Greater Potential</b></h2>
<p><span style="font-weight: 400;">Because the FINEX® Process is still being optimized, additional economic and technological benefits are anticipated. Major developments are continuously being carried out to increase efficiency. The latest achievements include breakthroughs in the field of heat recovery, dry dedusting, and outstanding performance improvements. Based on the well-proven plant concept, new process features, the highly competitive production costs, and environmental features, Primetals Technologies and POSCO are confident that the FINEX® Process will account for an increasing share of future investments in iron making facilities.</span></p>
<p><span style="font-weight: 400;">*Cover image courtesy of the </span><a href="http://www.worldsteel.org/" target="_blank" rel="noopener"><span style="font-weight: 400;">World Steel Association</span></a></p>
<p>&nbsp;</p>
<p><strong><a href="https://newsroom.posco.com/en/subscribe/" target="_blank" rel="noopener"><b>Don</b><b><span lang="EN-US"><span lang="EN-US">’</span></span></b><b>t miss any of the exciting stories from The Steel Wire </b><b><span lang="EN-US"><span lang="EN-US">–</span></span></b><b> subscribe via email today</b></a>.</strong></p>
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				<title>Infographic: Driving the Future with POSCO GIGA STEEL</title>
				<link>https://newsroom.posco.com/en/infographic-driving-future-posco-giga-steel/</link>
				<pubDate>Fri, 12 May 2017 15:58:47 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[Business]]></category>
		<category><![CDATA[advanced high strength steel]]></category>
		<category><![CDATA[AHSS]]></category>
		<category><![CDATA[aluminum]]></category>
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									<description><![CDATA[As standards for fuel efficiency, CO2 emissions, and auto safety become more strict, auto manufacturers and consumers are looking for lighter, more]]></description>
																<content:encoded><![CDATA[<p><span style="font-weight: 400;">As standards for </span><a href="https://newsroom.posco.com/en/automakers-look-to-steel-for-lower-co2-emissions/" target="_blank" rel="noopener"><span style="font-weight: 400;">fuel efficiency, CO2 emissions, and auto safety</span></a><span style="font-weight: 400;"> become more strict, auto manufacturers and consumers are looking for lighter, more eco-friendly, and safer cars. As the auto industry changes, POSCO GIGA STEEL provides an ideal solution for both auto manufacturers and consumers. </span></p>
<p><span style="font-weight: 400;">It combines several unique features: </span></p>
<ul>
<li style="font-weight: 400;"><b>Strength &amp; Safety: </b><span style="font-weight: 400;">POSCO GIGA STEEL is more than three times stronger than automotive aluminum. Because of its high strength, POSCO GIGA STEEL also adheres to some of the most stringent international safety standards.</span></li>
</ul>
<ul>
<li style="font-weight: 400;"><strong>Formability: </strong>Because the mixing ratio of manganese has been precisely controlled, POSCO GIGA STEEL has highly formable properties that allow it to be made into complex auto parts without any special processing.</li>
</ul>
<ul>
<li style="font-weight: 400;"><b><b>Lightweighting: </b></b>Because POSCO GIGA STEEL boasts high strength, it is possible to use less of it. This ultimately makes it lighter than car frames made of general steel or aluminum.</li>
</ul>
<ul>
<li style="font-weight: 400;"><b>Affordability</b><span style="font-weight: 400;"><span style="font-weight: 400;">: POSCO GIGA STEEL is a cost-effective solution for automakers, especially when compared to alternative materials, which in turn helps lower prices for consumers.</span></span></li>
</ul>
<ul>
<li style="font-weight: 400;"><strong>Sustainability: </strong>When looking at the entire lifecycle of a vehicle made with steel, POSCO GIGA STEEL emits 10% lower CO² emissions compared to aluminum.</li>
</ul>
<p><span style="font-weight: 400;">Take a look at the infographic below and discover the benefits that POSCO GIGA STEEL can bring to both automakers and consumers today.</span><a href="https://newsroom.posco.com/en//wp-content/uploads/2017/05/POSCO_Inforgraphic_6차_영문버전-2.png" target="_blank" rel="noopener"><br />
</a></p>
<p><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/05/POSCO_Inforgraphic_POSCO-GIGA-STEEL-automotive-steel.png" target="_blank" rel="noopener"><img class="aligncenter wp-image-11960 size-full" src="https://newsroom.posco.com/en/wp-content/uploads/2017/05/POSCO_Inforgraphic_POSCO-GIGA-STEEL-automotive-steel.png" alt="Infographic: Driving the Future with POSCO GIGA STEEL" width="1300" height="9715" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/05/POSCO_Inforgraphic_POSCO-GIGA-STEEL-automotive-steel.png 1300w, https://newsroom.posco.com/en/wp-content/uploads/2017/05/POSCO_Inforgraphic_POSCO-GIGA-STEEL-automotive-steel-107x800.png 107w, https://newsroom.posco.com/en/wp-content/uploads/2017/05/POSCO_Inforgraphic_POSCO-GIGA-STEEL-automotive-steel-768x5739.png 768w, https://newsroom.posco.com/en/wp-content/uploads/2017/05/POSCO_Inforgraphic_POSCO-GIGA-STEEL-automotive-steel-137x1024.png 137w" sizes="(max-width: 1300px) 100vw, 1300px" /></a></p>
<p>&nbsp;</p>
<p><strong><a href="https://newsroom.posco.com/en/subscribe/" target="_blank" rel="noopener"><b>Don</b><b><span lang="EN-US"><span lang="EN-US">’</span></span></b><b>t miss any of the exciting stories from The Steel Wire </b><b><span lang="EN-US"><span lang="EN-US">–</span></span></b><b> subscribe via email today</b></a>.</strong></p>
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				<title>7 Ways POSCO is Building a More Sustainable World</title>
				<link>https://newsroom.posco.com/en/7-ways-posco-building-sustainable-world/</link>
				<pubDate>Fri, 21 Apr 2017 17:00:16 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[POSCO Reports]]></category>
		<category><![CDATA[automotive steel]]></category>
		<category><![CDATA[buildings]]></category>
		<category><![CDATA[carbon]]></category>
		<category><![CDATA[corrosion]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[Earth Day]]></category>
		<category><![CDATA[eco-friendly]]></category>
		<category><![CDATA[efficient cars]]></category>
		<category><![CDATA[electric]]></category>
		<category><![CDATA[electric cars]]></category>
		<category><![CDATA[Electric Vehicles]]></category>
		<category><![CDATA[Green Building]]></category>
		<category><![CDATA[li-ion]]></category>
		<category><![CDATA[li-ion batteries]]></category>
		<category><![CDATA[lightweight]]></category>
		<category><![CDATA[lithium extraction]]></category>
		<category><![CDATA[material]]></category>
		<category><![CDATA[POSCO GIGA STEEL]]></category>
		<category><![CDATA[POSCO humans]]></category>
		<category><![CDATA[PosMAC]]></category>
		<category><![CDATA[Renewable Energy India]]></category>
		<category><![CDATA[solar power]]></category>
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									<description><![CDATA[Ranked as the 35th most sustainable corporation in the world by the Global 100 and having been listed on the Dow Jones Sustainability Index for 12 straight]]></description>
																<content:encoded><![CDATA[<p><span style="font-weight: 400;">Ranked as the </span><a href="https://newsroom.posco.com/en/global-100-most-sustainable-companies/" target="_blank" rel="noopener"><span style="font-weight: 400;">35th most sustainable corporation in the world</span></a><span style="font-weight: 400;"> by the Global 100 and having been </span><a href="https://newsroom.posco.com/en/posco-listed-djsi-12-consecutive-years-first-world-steel-industry/" target="_blank" rel="noopener"><span style="font-weight: 400;">listed on the Dow Jones Sustainability Index</span></a><span style="font-weight: 400;"> for 12 straight years, POSCO is proud of its work in building a more sustainable world.  </span></p>
<p><span style="font-weight: 400;">Advancements in products, production methods, and new technologies have helped POSCO expand the expectations of what a sustainable steel company should be.  </span></p>
<p><b>In honor of Earth Day, </b><b><i>The Steel Wire</i></b><b> takes a look back at seven recent initiatives &amp; breakthroughs from the last year that have helped POSCO become an industry leader in sustainable development. </b></p>
<h2><b>POSCO GIGA STEEL: Lighter for EVs, Less Production Emissions</b></h2>
<p><span style="font-weight: 400;"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_04.jpg" target="_blank" rel="noopener"><img class="aligncenter wp-image-11467 size-full" src="https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_04.jpg" alt="POSCO GIGA STEEL: Lighter for EVs, Less Production Emissions" width="1300" height="550" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_04.jpg 1300w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_04-800x338.jpg 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_04-768x325.jpg 768w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_04-1024x433.jpg 1024w" sizes="(max-width: 1300px) 100vw, 1300px" /></a><a href="https://newsroom.posco.com/en/posco-giga-steel-offers-solutions-evolving-auto-industry/" target="_blank" rel="noopener"><br />
</a>As the auto industry heads toward producing lighter, more fuel efficient vehicles, they need materials that are both strong and light. Car bodies manufactured with POSCO GIGA STEEL and other advanced high strength steels could see a </span><a href="http://www.poscopac.com/eng/sub02/05_01.php" target="_blank" rel="noopener"><span style="font-weight: 400;">26% reduction in total weight</span></a><span style="font-weight: 400;">. Also, based on its life cycle assessment measuring carbon dioxide emissions from production to recycling, POSCO GIGA STEEL performs remarkably well as an eco-friendly material. According to the </span><a href="https://www.worldsteel.org/" target="_blank" rel="noopener"><i><span style="font-weight: 400;">World Steel Association</span></i></a><span style="font-weight: 400;">, steel emits 2.0 to 2.5 kg of carbon emissions when producing 1 kg of material while aluminum emits 11 to 12.6 kg when producing the same amount.</span></p>
<p>See how <a href="https://newsroom.posco.com/en/posco-giga-steel-offers-solutions-evolving-auto-industry/" target="_blank" rel="noopener">POSCO GIGA STEEL offers an ideal material solution</a> for automakers looking to make more lightweight and fuel efficient cars.</p>
<h2><b>POSCO’s Smart Factory Introduces Artificial Intelligence</b></h2>
<p>When POSCO introduced artificial intelligence into its smart factory operations in February, they were able to create higher quality products using a more sustainable production method. Coating weight control is a highly sophisticated process that keeps the coating layer consistent. Quality can deviate depending on the worker, but with POSCO’s new AI technology they can ensure quality control while reducing wasted zinc during production.</p>
<p>Read more about how <a href="https://newsroom.posco.com/en/poscos-smart-factory-introduces-artificial-intelligence/" target="_blank" rel="noopener">POSCO is using AI and smart factory technology to make its operations more efficient and sustainable</a>.</p>
<h2><b>POSCO’s Advancements in Lithium Extraction Recharge the Battery Industry</b></h2>
<p><span style="font-weight: 400;"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_01.jpg" target="_blank" rel="noopener"><img class="aligncenter wp-image-11468 size-full" src="https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_01.jpg" alt="POSCO’s Advancements in Lithium Extraction Recharge the Battery Industry" width="1300" height="550" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_01.jpg 1300w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_01-800x338.jpg 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_01-768x325.jpg 768w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_01-1024x433.jpg 1024w" sizes="(max-width: 1300px) 100vw, 1300px" /></a><a href="https://newsroom.posco.com/en/posco-innovation-shapes-lithium-market/" target="_blank" rel="noopener"><br />
</a>Lithium extraction traditionally takes anywhere from 12-18 months using a slow evaporation technique. However, POSCO’s new extraction method, which came online in February of this year, takes from 8 hours up to one month while also offering a purity rate of 99.9% and increasing the lithium recovery rate to over 80%, which reduces the resources needed for extraction making the process more sustainable and eco-friendly. Also, in a first for the industry, POSCO developed a way to extract lithium from recycled batteries. Both of these innovations have helped create more eco-friendly processes for an industry that is expected to grow exponentially in coming years.</span></p>
<p><span style="font-weight: 400;">Find out more about </span><a href="https://newsroom.posco.com/en/posco-innovation-shapes-lithium-market/" target="_blank" rel="noopener"><span style="font-weight: 400;">POSCO’s developments in lithium extraction and its efforts to reshape the industry</span></a><span style="font-weight: 400;">.</span></p>
<h2><b>POSCO Expands Production of its Non-Oriented Silicon Steel for Electric Vehicle Drive Motors</b></h2>
<p>Top-grade non-oriented silicon steel is a core ingredient in high-efficiency premium consumer electronics and electric vehicles. It is an environmentally-friendly material that saves energy and reduces CO2 emissions. With the completion of its non-oriented silicon steel (Hyper NO) facility on February 20, production has increased from 80,000 to 160,000 tons, which is enough to supply parts for approximately 2.6 million electric vehicle drive motors.</p>
<p><a href="https://newsroom.posco.com/en/posco-expands-production-non-oriented-silicon-steel/" target="_blank" rel="noopener">Read more about POSCO’s efforts</a> secure its position as a leading supplier to the growing electric vehicle market.</p>
<h2><b>POSCO Humans Selected as Innovation Leader for Sustainable Solar Power Development</b></h2>
<p><span style="font-weight: 400;"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_02.jpg" target="_blank" rel="noopener"><img class="aligncenter wp-image-11469 size-full" src="https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_02.jpg" alt="POSCO Humans Selected as Innovation Leader for Sustainable Solar Power Development" width="1300" height="550" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_02.jpg 1300w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_02-800x338.jpg 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_02-768x325.jpg 768w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_02-1024x433.jpg 1024w" sizes="(max-width: 1300px) 100vw, 1300px" /></a><a href="https://newsroom.posco.com/en/posco-humans-selected-innovation-leader-sustainable-solar-power-development/" target="_blank" rel="noopener"><br />
</a>POSCO Humans received excellent evaluations last January for its steel structures that were built for solar facility installations. In particular, POSCO Humans received high marks for its structure that are used exclusively for floating solar power generation facilities and exclusive bolts that utilize PosMAC. It is a bolt-assembled structure that eliminates the need for hole machining and special tools.</span></p>
<p><a href="https://newsroom.posco.com/en/posco-humans-selected-innovation-leader-sustainable-solar-power-development/" target="_blank" rel="noopener">Discover how POSCO developed floating solar panels using PosMAC</a>.</p>
<h2><b>POSCO’s World Premium Stainless Steel Shows No Corrosion After 18 Years at Incheon Airport</b></h2>
<p><span style="font-weight: 400;"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_03.jpg" target="_blank" rel="noopener"><img class="aligncenter wp-image-11470 size-full" src="https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_03.jpg" alt="POSCO’s World Premium Stainless Steel Shows No Corrosion After 18 Years at Incheon Airport" width="1300" height="550" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_03.jpg 1300w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_03-800x338.jpg 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_03-768x325.jpg 768w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/POSCO_content_watermark_1300x550_170421_03-1024x433.jpg 1024w" sizes="(max-width: 1300px) 100vw, 1300px" /></a><a href="https://newsroom.posco.com/en/stainless-steel-adds-strength-beauty/" target="_blank" rel="noopener"><br />
</a>The first passenger terminal at Incheon International Airport was built in 2001 using </span><a href="http://www.posco.co.kr/homepage/docs/eng5/jsp/product/info/s91e8000010c.jsp" target="_blank" rel="noopener"><span style="font-weight: 400;">POSCO’s 446M steel</span></a><span style="font-weight: 400;">, and after 18 years, few signs of corrosion have been seen. Building exteriors and roofs are the most visible parts of buildings, while also being the most vulnerable to corrosion. Materials used in their construction should be both corrosion-resistant and aesthetically pleasing. Therefore, when planning for the second terminal, they decided to use the same type of steel along with the application of the bead blast process that will create a rough texture on the roof to lower the reflectivity rate for aircraft pilots during take-offs and landings.</span></p>
<p><span style="font-weight: 400;">Find out how </span><a href="https://newsroom.posco.com/en/stainless-steel-adds-strength-beauty/" target="_blank" rel="noopener"><span style="font-weight: 400;">POSCO’s stainless steel products offer decorative and durable interior and exterior options</span></a><span style="font-weight: 400;"> in buildings.</span></p>
<h2><b>PosMAC Shines at Renewable Energy India </b></h2>
<p><span style="font-weight: 400;">PosMAC was recognized at the Renewable Energy India expo for its unique properties that make it uniquely suited for solar energy development. PosMAC is not just lightweight, it is also non-corrosive and durable enough to last 20-30 years.</span></p>
<p><span style="font-weight: 400;">Find out more about </span><a href="https://newsroom.posco.com/en/posmac-shines-renewable-energy-india-2016-asias-largest-energy-trade-expo/" target="_blank" rel="noopener"><span style="font-weight: 400;">PosMAC at the Renewable Energy India expo</span></a><span style="font-weight: 400;">, or find out more </span><a href="https://newsroom.posco.com/en/poscos-posmac-leads-new-generation-specialized-steel/" target="_blank" rel="noopener"><span style="font-weight: 400;">about PosMAC</span></a><span style="font-weight: 400;">.</span></p>
<p>&nbsp;</p>
<p>Throughout April &amp; May, The Steel Wire will explore the uses and benefits of POSCO GIGA STEEL and what POSCO is doing to lead the industry with new automotive steel solutions.<b>  <b> </b><strong><a href="https://newsroom.posco.com/en/subscribe/" target="_blank" rel="noopener">Subscribe to our newsletter today</a>.</strong></b></p>
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				<title>Automakers Look to Steel for Lower CO2 Emissions</title>
				<link>https://newsroom.posco.com/en/automakers-look-to-steel-for-lower-co2-emissions/</link>
				<pubDate>Mon, 17 Apr 2017 11:00:15 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[POSCO Reports]]></category>
		<category><![CDATA[advanced high strength steel]]></category>
		<category><![CDATA[AHSS]]></category>
		<category><![CDATA[auto industry]]></category>
		<category><![CDATA[automakers]]></category>
		<category><![CDATA[automobile industry]]></category>
		<category><![CDATA[automobile manufacturers]]></category>
		<category><![CDATA[automotive industry]]></category>
		<category><![CDATA[automotive steel]]></category>
		<category><![CDATA[BMW i3]]></category>
		<category><![CDATA[car]]></category>
		<category><![CDATA[car makers]]></category>
		<category><![CDATA[carbon]]></category>
		<category><![CDATA[cars]]></category>
		<category><![CDATA[Chevrolet Volt]]></category>
		<category><![CDATA[CO2 emissions]]></category>
		<category><![CDATA[eco-friendly]]></category>
		<category><![CDATA[electric car]]></category>
		<category><![CDATA[electric cars]]></category>
		<category><![CDATA[giga steel]]></category>
		<category><![CDATA[global]]></category>
		<category><![CDATA[greenhouse gases]]></category>
		<category><![CDATA[IIHS]]></category>
		<category><![CDATA[lightweight]]></category>
		<category><![CDATA[Lightweight Cars]]></category>
		<category><![CDATA[material]]></category>
		<category><![CDATA[MIT]]></category>
		<category><![CDATA[PBC-EV]]></category>
		<category><![CDATA[POSCO GIGA STEEL]]></category>
		<category><![CDATA[production]]></category>
		<category><![CDATA[recycling]]></category>
		<category><![CDATA[safety]]></category>
		<category><![CDATA[steel production]]></category>
		<category><![CDATA[steel products]]></category>
		<category><![CDATA[Tesla Model S]]></category>
		<category><![CDATA[Toyota Prius]]></category>
		<category><![CDATA[transportation]]></category>
		<category><![CDATA[vehicle]]></category>
									<description><![CDATA[Twenty years ago, Toyota debuted the first mass-produced hybrid vehicle, but today almost every major car manufacturer has a hybrid or electric car on the]]></description>
																<content:encoded><![CDATA[<p><span style="font-weight: 400;">Twenty years ago, Toyota debuted the first mass-produced hybrid vehicle, but today almost every major car manufacturer has a hybrid or electric car on the production line. Just last week, </span><a href="https://www.bloomberg.com/news/articles/2017-04-10/tesla-passes-gm-as-musk-s-carmaker-becomes-america-s-top-valued" target="_blank" rel="noopener"><span style="font-weight: 400;">Tesla surpassed Ford and GM</span></a><span style="font-weight: 400;"> to become the most valuable car maker in the US, signaling to the auto industry that investors are serious about banking on the future of electric vehicles. </span></p>
<p><span style="font-weight: 400;">Several factors are contributing to the growing interest in electric vehicles. Stricter CO2 emission standards are changing the way cars are being made, and consumers are becoming more environmentally conscious at the same time. To produce more fuel efficient vehicles, car makers are looking to advanced materials in lightweighting that can help make vehicles more eco-friendly while being safe and affordable. </span></p>
<h2><b>The Push to Reduce Carbon Emissions</b></h2>
<p><span style="font-weight: 400;">In the US, the transportation sector produces </span><a href="https://www.epa.gov/ghgemissions/sources-greenhouse-gas-emissions" target="_blank" rel="noopener"><span style="font-weight: 400;">nearly 30 percent of all global warming emissions</span></a><span style="font-weight: 400;">, and more than half of those emissions come from passenger vehicles. Between 1990 and 2004, the average fuel economy of new vehicles actually decreased, but since 2005 those numbers have begun to improve, resulting in less greenhouse emissions (see chart below). </span></p>
<div id="attachment_11285" style="width: 650px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/04/chart.png" target="_blank" rel="noopener"><img class="wp-image-11285 size-large" src="https://newsroom.posco.com/en/wp-content/uploads/2017/04/chart-1024x853.png" alt="Between 1990 and 2004, greenhouse gas emissions increased, but since 2005 those numbers have begun to improve, resulting in less greenhouse emissions (chart below)." width="640" height="533" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/04/chart-1024x853.png 1024w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/chart-800x667.png 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/chart-768x640.png 768w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/chart.png 1200w" sizes="(max-width: 640px) 100vw, 640px" /></a><p class="wp-caption-text">Greenhouse gas emissions from the transportation sector remain high but have gone down in recent years. Increased efforts by the auto industry to produce more fuel-efficient cars is helping this trend. (Source: EPA Inventory of US Greenhouse Gas Emissions and Sinks: 1990-2014)</p></div>
<p><span style="font-weight: 400;">As air pollution gets worse and global temperatures continue to rise, governments, consumers, and car manufacturers have all seen the urgency in creating more fuel-efficient vehicles. However, in order to build electric vehicles, hybrid cars, and even more fuel efficient combustion engine autos, new materials and production methods must be used. Specifically, cars need to be lighter. </span></p>
<h2><b>Reducing Weight, Reducing CO2 Emissions </b></h2>
<p><span style="font-weight: 400;">The heavier a car is, the more fuel is required to move it. A </span><a href="http://www.nrcan.gc.ca/energy/efficiency/transportation/cars-light-trucks/buying/16755" target="_blank" rel="noopener"><span style="font-weight: 400;">study from MIT found that for each 100-kg reduction in a car’s body weight</span></a><span style="font-weight: 400;">, fuel consumption could decrease by about 0.3 L/100 km for cars and about 0.4 L/100 km for light trucks. This not only translates into fewer CO2 emissions but also into cost savings for consumers. The following table provides estimated fuel cost savings for a range of weight reductions. Today’s cars and light trucks weigh between 1,000 to 3,800 kg.</span></p>
<table class=" aligncenter" style="width: 600px; height: 501px;" cellpadding="2">
<tbody>
<tr style="height: 37px;">
<td style="width: 586px; height: 37px; text-align: center;" colspan="3">
<h3><strong>Estimated Fuel Cost Savings</strong></h3>
</td>
</tr>
<tr style="height: 74px;">
<td style="width: 188px; height: 74px;"><strong>Weight reduction</strong></td>
<td style="width: 192px; height: 74px;"><strong>Estimated fuel cost savings over 200,000 km &#8211; cars</strong></td>
<td style="width: 194px; height: 74px;"><strong>Estimated fuel cost savings over 200,000 km &#8211; light trucks</strong></td>
</tr>
<tr style="height: 50px;">
<td style="width: 188px; height: 50px; background-color: #d9d9d9;"><strong>10 kg</strong></td>
<td style="width: 192px; height: 50px; background-color: #d9d9d9;">$65</td>
<td style="width: 194px; height: 50px; background-color: #d9d9d9;">$87</td>
</tr>
<tr style="height: 50px;">
<td style="width: 188px; height: 50px;"><strong>25 kg</strong></td>
<td style="width: 192px; height: 50px;">$164</td>
<td style="width: 194px; height: 50px;">$218</td>
</tr>
<tr style="height: 50px;">
<td style="width: 188px; height: 50px; background-color: #d9d9d9;"><strong>50 kg</strong></td>
<td style="width: 192px; height: 50px; background-color: #d9d9d9;">$327</td>
<td style="width: 194px; height: 50px; background-color: #d9d9d9;">$436</td>
</tr>
<tr style="height: 50px;">
<td style="width: 188px; height: 50px;"><strong>100 kg</strong></td>
<td style="width: 192px; height: 50px;">$654</td>
<td style="width: 194px; height: 50px;">$872</td>
</tr>
<tr style="height: 51px;">
<td style="width: 188px; height: 51px; background-color: #d9d9d9;"><strong>200 kg</strong></td>
<td style="width: 192px; height: 51px; background-color: #d9d9d9;">$1,308</td>
<td style="width: 194px; height: 51px; background-color: #d9d9d9;">$1,744</td>
</tr>
<tr style="height: 51px;">
<td style="width: 188px; height: 51px;"><strong>400 kg </strong></td>
<td style="width: 192px; height: 51px;">$2,616</td>
<td style="width: 194px; height: 51px;">$3,488</td>
</tr>
<tr style="height: 51px;">
<td style="width: 188px; height: 51px; background-color: #d9d9d9;"><strong>1,000 kg</strong></td>
<td style="width: 192px; height: 51px; background-color: #d9d9d9;">$6,540</td>
<td style="width: 194px; height: 51px; background-color: #d9d9d9;">$8,720</td>
</tr>
<tr style="height: 51px;">
<td style="width: 188px; height: 51px; background-color: #ffffff;" colspan="3">Note: For illustrative purposes, savings are based on a fuel price of $1,09/L and the average fuel consumption and weight relationship reported by MIT.</p>
<p>[Source: Savings are based on a fuel price of $1.09/L and the average fuel consumption and weight relationship reported by MIT.]</td>
</tr>
</tbody>
</table>
<h3></h3>
<h3></h3>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p><span style="font-weight: 400;">Manufacturers have been testing new materials to use in their cars in order to make the weight reductions necessary for a viable EV. Utilization of </span><span style="font-weight: 400;">alternative materials like aluminum, magnesium, and carbon fiber components</span><span style="font-weight: 400;"> are increasing due to their lightweight properties. However, additional </span><a href="https://newsroom.posco.com/en/posco-giga-steel-offers-solutions-evolving-auto-industry/" target="_blank" rel="noopener"><span style="font-weight: 400;">financial and environmental costs remain high</span></a><span style="font-weight: 400;">. </span></p>
<p>In the past, in order to make steel lighter, sacrifices had to be made in strength and ductility. However, recent innovations in advanced high-strength steels (AHSS) have been able to bridge that gap. To demonstrate the recent advancements made with AHSS, engineers designed the <a href="http://www.poscopac.com/eng/sub02/05_01.php" target="_blank" rel="noopener">PBC-EV, or POSCO Body Concept-Electric Vehicle</a>, using POSCO GIGA STEEL. <span style="color: #000000;">The PBC-EV car body was able to achieve a 26.4% reduction in total weight when compared to cars of the same size without any sacrifices in safety or structural integrity. </span></p>
<h2><b></b>The Eco-friendly Life Cycle of AHSS</h2>
<p>When measuring greenhouse emissions of cars, one must also look beyond the immediate impact of gasoline consumption and view the material more holistically through a life cycle assessment. The emissions costs related to the extraction and production of automobile materials can be high. However, technological advancements in steel production have been able to reduce CO2 emissions &#8211; helping to make it one of the most eco-friendly materials for car makers.</p>
<p><span style="color: #000000;">Based on its life cycle assessment, measuring carbon dioxide emissions from production to recycling, <a href="https://newsroom.posco.com/en/posco-giga-steel-offers-solutions-evolving-auto-industry/" target="_blank" rel="noopener">POSCO GIGA STEEL</a> performs remarkably well as an eco-friendly material. Steel emits 2.0 to 2.5 kg of carbon emissions when producing 1 kg of material while aluminum emits 11 to 12.6 kg when producing the same amount. Even after production, cumulative greenhouse gas emissions of vehicles made with steel is 10% lower when looking at the full life cycle.</span></p>
<p>Lastly, steel remains the most recycled materials on the planet, and automobiles maintain a recycling rate of nearly 100 percent. Almost all steel products contain recycled steel as steel scrap is a necessary ingredient when producing new steel.</p>
<p><span style="font-weight: 400;">Advancements in AHSS have allowed the auto industry to move beyond the barriers that have held it back in the past. As consumers demand more fuel efficient driving options and as governments around the world impose more strict emissions standards, material advancements in steel will become more critical. It is the breakthroughs in steel technology like these that are helping to bring lightweight, fuel-efficient cars to market.</span></p>
<p>&nbsp;</p>
<p>Throughout April and May, <em>The Steel Wire</em> is exploring trends in the auto industry and how POSCO’s innovations in automotive steel is leading the way toward lighter, stronger, and more affordable cars.</p>
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				<title>3 Trends that Will Forever Change the Automotive Industry</title>
				<link>https://newsroom.posco.com/en/3-trends-that-will-forever-change-the-automotive-industry/</link>
				<pubDate>Mon, 10 Apr 2017 10:00:10 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[POSCO Reports]]></category>
		<category><![CDATA[advanced high strength steel]]></category>
		<category><![CDATA[AHSS]]></category>
		<category><![CDATA[auto industry]]></category>
		<category><![CDATA[automotive industry]]></category>
		<category><![CDATA[automotive steel]]></category>
		<category><![CDATA[autonomous cars]]></category>
		<category><![CDATA[battery]]></category>
		<category><![CDATA[eco-friendly]]></category>
		<category><![CDATA[electric cars]]></category>
		<category><![CDATA[EV]]></category>
		<category><![CDATA[future cars]]></category>
		<category><![CDATA[lithium extraction technology]]></category>
		<category><![CDATA[POSCO]]></category>
		<category><![CDATA[safety]]></category>
		<category><![CDATA[self driving cars]]></category>
		<category><![CDATA[shared mobility]]></category>
		<category><![CDATA[steel industry]]></category>
		<category><![CDATA[technology]]></category>
		<category><![CDATA[technology trends]]></category>
		<category><![CDATA[vehicle]]></category>
									<description><![CDATA[For the last 100 years, the automotive industry has advanced in a fairly linear fashion. Each decade consumers saw incremental changes in speed, size, and]]></description>
																<content:encoded><![CDATA[<p><span style="font-weight: 400;">For the last 100 years, the automotive industry has advanced in a fairly linear fashion. Each decade consumers saw incremental changes in speed, size, and safety. However, the last 15 years have seen cars that are connected, autonomous, shared, and electric. These recent trends represent a turning point for an industry that is being forced to recognize the quickly changing habits of its consumers as well as the increasingly strict safety and fuel efficiency regulations.</span></p>
<p><span style="font-weight: 400;">In order to adapt, the automotive industry is learning to make cars differently. Underpinning all of these advancements is a need for stronger, lighter, and more durable materials.</span></p>
<p>Below we take a closer look at three trends that are fundamentally changing the way consumers think about cars, and what the car industry is doing to stay ahead.</p>
<h2><b>Shared Mobility</b></h2>
<p><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/04/4a_iphone_price_estimate.png" target="_blank" rel="noopener"><img class="alignright wp-image-11172" src="https://newsroom.posco.com/en/wp-content/uploads/2017/04/4a_iphone_price_estimate-502x1024.png" alt="Lyft app screen" width="200" height="408" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/04/4a_iphone_price_estimate-502x1024.png 502w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/4a_iphone_price_estimate-392x800.png 392w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/4a_iphone_price_estimate-768x1568.png 768w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/4a_iphone_price_estimate.png 864w" sizes="(max-width: 200px) 100vw, 200px" /></a></p>
<p><b></b><span style="font-weight: 400;">Companies like Uber and Lyft have left an indelible mark on the way people use cars. While it used to be understood that a vehicle was one’s personal property and space, those ideas are changing. Over the last five years, car sharing services have seen 30 percent annual growth, and </span><a href="http://www.mckinsey.com/industries/high-tech/our-insights/disruptive-trends-that-will-transform-the-auto-industry" target="_blank" rel="noopener"><span style="font-weight: 400;">McKinsey predicts that one out of 10 cars will be a shared vehicle by 2030</span></a><span style="font-weight: 400;">. </span></p>
<p><span style="font-weight: 400;">With this much sharing, vehicles will need to be replaced more frequently as they will be used more often and experience more everyday wear and tear. As consumers move away from owning one car and begin to use services that offer on-demand vehicles for specific uses, the materials used to make these cars need to improve. </span></p>
<p><span style="font-weight: 400;">Recently, many steelmakers have been working toward </span><a href="http://www.worldautosteel.org/steel-basics/automotive-steel-definitions/" target="_blank" rel="noopener"><span style="font-weight: 400;">advanced high-strength steel (AHSS)</span></a><span style="font-weight: 400;"> solutions. AHSS steel solutions are also more durable than conventional steels, making them ideal for new cars that are going to be on the road with more frequency. This advancement is necessary as consumers begin to change their driving behaviors while maintaining high standards for safety and quality in the cars they use.  </span></p>
<h2><b>Self-Driving Cars</b></h2>
<p><span style="font-weight: 400;">Self driving cars are a fairly new idea, but in a short amount of time, they have consumed the imagination of the public and R&amp;D labs around the world. </span><span style="font-weight: 400;">Seemingly every company in the automotive industry is</span><a href="http://www.businessinsider.com/companies-making-driverless-cars-by-2020-2016-8/#google-has-never-given-a-formal-deadline-but-has-suggested-its-working-on-having-the-technology-ready-by-2020-3" target="_blank" rel="noopener"><span style="font-weight: 400;"> working on some form of a self-driving vehicle</span></a><span style="font-weight: 400;">, and even those not in the industry are getting involved (see Google’s Waymo video below).</span></p>
<div class="video_wrap"><iframe src="https://www.youtube.com/embed/uHbMt6WDhQ8?rel=0" width="300" height="150" allowfullscreen="allowfullscreen"><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start">﻿</span><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start">﻿</span></span></iframe></div>
<p><span style="font-weight: 400;">While autonomous cars are not yet market-ready, they will be soon. However, because it causes such a dramatic shift to the way people use cars, manufacturers will need to jump many hurdles before they are fully accepted by the public at large. </span></p>
<p><span style="font-weight: 400;">As with any new technology, access will be limited and expensive. In the beginning at least, it is unlikely that self-driving cars will be affordable enough for mass distribution. In addition, they must become more accessible for consumers. Most people have never seen, much less taken a ride in, a self-driving car. It is hard for people to imagine the experience, and even more difficult for them to place their trust in a piece of software located in a multi-ton vehicle. In order to ensure the trust of consumers, the auto industry must work to manufacture cars that are safer and more secure. </span></p>
<p><span style="font-weight: 400;">Advancements made in AHSS have allowed auto manufacturers to design cars with even stronger steel. Now, with auto steel being produced that goes beyond the 1,000 MPa range, consumers can feel more at ease with the software that enables them to get the grocery store.   </span></p>
<h2><b>Electric Vehicles </b></h2>
<p><span style="font-weight: 400;">Electric cars represent the forefront of the trend toward more fuel-efficient cars. Hybrid cars that use a combination of a gasoline powered engine and a rechargeable battery captured the attention of the industry after Toyota successfully launched its Prius in 1997. As car makers race to produce an electric vehicle that is viable for mass production, seemingly every major player is working toward a true electric car solution with zero emissions. </span></p>
<div id="attachment_11173" style="width: 650px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/04/cq5dam.web_.1280.1280.jpeg" target="_blank" rel="noopener"><img class="wp-image-11173 size-large" src="https://newsroom.posco.com/en/wp-content/uploads/2017/04/cq5dam.web_.1280.1280-1024x682.jpeg" alt=" The 2017 Chevrolet Bolt EV on display at the 2016 Volt Silent Cruise, Tuesday, August 16, 2016 at The Kingsley Inn in Bloomfield Hills, Michigan." width="640" height="426" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/04/cq5dam.web_.1280.1280-1024x682.jpeg 1024w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/cq5dam.web_.1280.1280-800x533.jpeg 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/cq5dam.web_.1280.1280-768x512.jpeg 768w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/cq5dam.web_.1280.1280.jpeg 1280w" sizes="(max-width: 640px) 100vw, 640px" /></a><p class="wp-caption-text">The Chevrolet Bolt EV offers a range of 200+ miles, a key milestone for consumers. (Photo by <a href="http://media.chevrolet.com/media/us/en/chevrolet/photos.detail.html/content/media/us/en/chevrolet/vehicles/bolt-ev/2017/_jcr_content/rightpar/galleryphotogrid_2.html" target="_blank" rel="noopener">Jeffrey Sauger for Chevrolet</a>)</p></div>
<p><span style="font-weight: 400;">Having relied on gas powered engines for over 100 years, the change to battery powered cars is changing the fundamental nature of how a car is made. Consumers have proven unwilling to change their driving habits and expectations, so manufacturers have struggled to build electric cars that can match the performance of their gas-powered cousins. </span></p>
<p><span style="font-weight: 400;">Advancements in lightweighting are required for electric cars as they will not be equipped with gas-powered engines. Also, improvements in battery technology are also needed so that EVs can increase their driving range and allow consumers to drive distances similar to what they can today. </span></p>
<p><span style="font-weight: 400;">Innovations in steel technology have given car manufacturers ideal options for lightweighting as </span><a href="https://newsroom.posco.com/en/auto-industry-finds-steel-solution-lightweighting" target="_blank" rel="noopener"><span style="font-weight: 400;">new advanced high-strength steels (AHSS) offer lightweight, strong automotive steel</span></a><span style="font-weight: 400;">. Compared to other alternatives, these new ultra high strength steels are also more eco-friendly to produce. Advancements in lithium extraction technology have also made the process faster and more environment-friendly. </span></p>
<p><span style="font-weight: 400;">The automotive industry is going through a renaissance. New expectations from consumers coupled with stricter regulations are forcing quick changes to an industry that has moved at its own pace for 100 years. As car manufacturers work to build cars that are safer, more durable, and much lighter, POSCO’s innovations in steel technology provide material solutions that are stronger, lighter, and more durable. Together with </span><a href="https://newsroom.posco.com/en/posco-innovation-shapes-lithium-market/" target="_blank" rel="noopener"><span style="font-weight: 400;">POSCO’s work in lithium extraction technology, they have also created more eco-friendly</span></a><span style="font-weight: 400;"> ways to make the rechargeable batteries for electric cars.     </span></p>
<p><span style="font-weight: 400;">This month, </span><i><span style="font-weight: 400;">The Steel Wire</span></i><span style="font-weight: 400;"> will continue to look at how POSCO is driving the future of the automotive industry with its new advanced automotive steel solutions.</span></p>
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