POSCO GIGA STEEL –  For Automakers

POSCO GIGA STEEL is like the iPhone X or the latest Xbox or PlayStation for automakers. It’s the newest, hottest must-have item for any type of car. Automakers are constantly working to lightweight their vehicles without compromising strength to meet increasingly stringent safety and environmental regulations. In order to offer its auto partners the ultimate solution, POSCO developed POSCO GIGA STEEL, an advanced high-strength steel (AHSS) that comes in 6 different types for a variety of applications in vehicles.

POSCO GIGA STEEL can be applied to different parts of a vehicle chassis. (Source: Renault Samsung)

Applying AHSS, including POSCO GIGA STEEL, resulted in a 26 percent reduction in the total weight of a vehicle. Not only that, POSCO GIGA STEEL emits about 10 kg less carbon emissions than aluminum from a life cycle analysis (LCA) viewpoint. Plus, POSCO GIGA STEEL is about 2.1 to 3.5 times less expensive than alternative options like aluminum. It’s no surprise that leading automakers like Renault Samsung, Ssangyong Motors and GM Korea use POSCO GIGA STEEL, proving it to be the all-time favorite gift for automakers.

PosMAC- For Photovoltaic Structure Manufacturers

Solar energy is the fastest growing source of renewable energy in the world, according to the International Energy Agency (IEA). In India, solar electricity generation capacity quadrupled from 2014 to 2017 as it is the cheapest form of alternative fuel in the country. The government also plans to back the industry with USD 100 billion in investments. India is one of many countries looking to solar energy to meet their country’s environmental goals and stimulate the economy.

As a result, photovoltaic (PV) structure manufacturers around the world are working to keep up with the growing demand and gain a competitive edge with high-quality products. PosMAC is ideal for PV structures because it is highly corrosion resistant and cost-effective. Not only is the material itself lower in costs compared to other materials, PosMAC ensures a long lifecycle, decreasing maintenance costs to give manufacturers an added competitive edge. For such manufacturers, POSCO PosMAC steel is the perfect gift.

Magnesium- For Electronics Manufacturers

Magnesium is a common material in electronic devices such as laptops and smartphones. Magnesium is the perfect gift for electronics manufacturers such as LG and Samsung, as their competitiveness lies in delivering the most versatile, lightweight and convenient devices to their customers.

The Samsung Notebook 9 is one of the lightest laptops available. (Source: CNET)

Magnesium is also increasingly finding its way into the automotive industry, especially for electric vehicles (EVs), as magnesium plates and other parts allow automakers to further reduce the weight of the car. Magnesium will likely be the perfect gift for that manufacturer who is thinking ahead and always experimenting new ways to improve future models of their cars.

Hyper NO- EV Manufacturers

The market for EVs is one of the fastest growing, expected to expand from USD 27.84 billion in 2016 to USD 38.98 billion by 2021, at a compound annual growth rate (CAGR) of 7 percent. Much of the success of EVs lies in its motors that will determine the EV’s efficiency, performance and feasibility for wide-spread use. As such, POSCO came up with the perfect gift for EV manufacturers – the Hyper NO.

Hyper NO is a type of electrical steel used to make electric motors. POSCO’s new technology increases the magnetic flux density and reduces core loss of electric motors, making it the perfect gift for electric motor manufacturers looking for ultimate efficiency.

Stainless Steel Products- For Everyone

There are some gifts that satisfy just about everyone, like a gift card for the movies or the nearest cafe. It’s not super special, but it’s a safe and sure choice for anyone as it is practical and functional.

Stainless steel is the ultimate gift for manufacturers as it’s one of the most widely-used materials in the world for a variety of products including surgical tools, watches, kitchenware, buildings, pipes, artistic sculptures and plenty more. It’s literally the foundation of cities and communities all over the world, and without it, the world would not have the most basic systems in place today. Moreover, stainless steel’s non-corrosive and 100 percent recyclable characteristics make it one of the best gifts for every kind of manufacturer.

No matter the type, there is a perfect gift for every manufacturer with steel. POSCO will make sure to provide even more customized and innovative solutions for its partners and continue to “keep on giving” in the new year.

The 2015 Seoul Motor Show, which will run until April 12 at the Korea International Exhibition Center (KINTEX), is in full swing. Under the theme “Experience the Technology, Feel the Artistry”, the show has already drawn in thousands with its displays of some 370 automobiles from over 30 brands.

2015 Seoul Motor Show’s Concept Cars

The show’s concept cars, an eclectic mix of automobiles that possess both innovative technologies and cutting-edge designs, are undoubtedly a highlight of the event for most car enthusiast attendees. Kia Motors’ all-new K5 sedan has drawn attention with its sleek, sporty design, as has the Alfieri by Maserati, a stylish coupé named after the most prominent of the founding Maserati brothers.

Yet it’s undeniable that eco-friendliness is a theme that stands at the forefront of this year’s show, as evidenced by the number of electric and hybrid models on display from brands such as Porsche, Lexus and Hyundai.

EOLAB: A Stand Out Model

Among the show’s “green” concept models, Renault’s EOLAB, which is making its first appearance in Asia since its official global debut at last year’s Paris Motor Show, stands out, thanks to its revolutionary style and environmentally conscious characteristics. Although it’s unlikely that the EOLAB will make it to production anytime soon, its technological innovations are slated to appear on future models by 2020.

Renault claims that the EOLAB boasts a super-efficient fuel economy of 100 kilometers per liter, while at the same time produces as low as 22 grams of CO2 per kilometer, parameters that are five times better than its eco-friendly rivals. EOLAB’s eco-efficiency is possible because of its extraordinary lightness, enabled by the use of its state-of-the-art high-strength steel and special magnesium panels developed in conjunction with POSCO.

POSCO and Renault, a Perfect Match

Although the EOLAB may be a car of the future, the relationship between Renault and POSCO is nothing new. In 2012, POSCO signed a joint development agreement with Renault-Samsung, and in 2014, joined in on the EOLAB production project with the French automaker.

Dr. Lee Hong-woo, Principal Researcher of POSCO, noted that the collaboration was a great opportunity to show off the excellence of POSCO’s technology to the world.

“I believe that it was exceptionally special because the collaboration represented Renault’s firm trust in POSCO,” Lee noted. “Also, through this project, POSCO and Renault signed an additional agreement to co-develop light vehicle body and automobile chassis solutions for the next generation. Therefore, we are looking forward to establishing a full range of EVI networks in the upcoming future.”

The Future of POSCO

As global car manufacturers like those participating in this year’s Seoul Motor Show continue to seek lighter but stronger materials for automobiles of the future, demand for POSCO’s advanced high-strength steel products and magnesium plates will also increase.

Lee Hyun-ju, Sales Manager of Automotive Flat Products Sales Group, agrees that this is only the beginning of POSCO’s involvement in the automotive industry. He states, “Although automobile companies and steel companies are already cooperating in various aspects, I believe that there are many more opportunities and possibilities to lead to an enhanced collaboration from production to completion. Therefore, I wish to continue the cooperative efforts with many more companies and people in the future.”

As the 2015 Seoul Motor Show wraps up at the end of this week, we can only wait and see what next year’s show will have to offer. One thing is for sure, though; this won’t be the last time we see POSCO playing an integral role in the design and development of the world’s finest automobiles.