Yet, the quality standards for advanced steel used for drilling, producing, transporting, conserving and handling energy resources for oil and gas are becoming stricter so that steel can better endure the harsh drilling environments of the deep sea and polar areas, two domains on the radars of oil exploration geologists.

At this year’s Offshore Technology Conference (OTC), the world’s largest marine technology exhibition, which was held from May 4 to 7 in Houston, Texas, POSCO showcased its efforts on such developments. Included were its lineup of high-grade steel products, as well as the firm’s cross-department collaboration system between steel plants, laboratories and marketing departments, among others, to improve the development of functional, advanced steel.

Considered the leading forum for gathering and sharing offshore oil and gas information (as well as unveiling some impressive machinery), the goal of the conference, according to its website, is to “advance scientific and technical knowledge for the safe, environmentally friendly and sustainable development of offshore oil and gas resources.”

Despite recent low oil prices, the 2015 OTC attracted over 94,000 attendees, making it the sixth largest in its 47-year history. Additionally, approximately 2,700 major oil and global EPC (Engineering, Procurement and Construction) companies from 37 countries participated.

Among these, POSCO represented South Korea, aiming to continue its solution marketing activities for advanced steel for energy, production and technology, as well as steel utilization techniques.

Introducing a variety of the company’s products and technologies, POSCO’s exhibition consisted of four zones: energy plants, energy pipes, shipbuilding, and manganese steel sectors. At the booth, a video on steel-making technology was presented to help attendees better understand steel products.

POSCO displayed its strength as a “total solution provider,” which has helped the firm to simultaneously strengthen its position in the steel market and discover new business opportunities.

Since it first participated in the OTC in 2008, POSCO has operated a booth annually as part of its demand development activities, which have led to the company’s increasing development of energy steel in a short period of time. Moreover, POSCO’s progressive product promotion and supplier certification activities have resulted in a successful long-term contract for the blanket supply of energy steel, and have solidified technical cooperation with clients.

As new advancements are made in offshore drilling technology, the utilization of steel in the industry will also evolve. POSCO will continue to adapt to such changes, and will work hard to manufacture sustainable, quality products to meet the demands of its clients.

Pohang Works, Gwangyang Works and the POSCO head office in Seoul are already familiar POSCO establishments to Koreans. But did you know that you can find more POSCO centers practically all over the world? Yes, POSCO is indeed spread out throughout the globe.

From India to China and to Australia

POSCO has three main business quarters in Dubai, Mongol, and Western Australia. Thirty-eight established companies can be found in various countries, such as POSCO China Holdings, Qingdao Pohang, POSCO Vietnam, POSCO India and POSCO Japan. Today, POSCO is expanding its influence, by building production bases in Indonesia and India. POSCO built its first integrated steel plant in Indonesia and is currently building another one in India, where we can expect a positive increase of production level. What’s more, POSCO is running fourteen manufacturing centers in fourteen Chinese cities of Zhangjiagang, Chungdo, Daeryun and Guangdong. In Australia, POSCO operates Fomax, Sutton Forest and API ore mines.

Propelling iron and steel industry, by connecting North and South America

Today, POSCO is expanding its influence as a power-supplier of iron and steel industry throughout the American continent. In North America, Mexico’s CGL factory is producing steel plates for automobiles, while in South America, investing in raw materials and preparing for integrated steel plants are actively being progressed. In addition, Bolivia is eagerly involved with Lithium development. POSCO holds offices in Rio de Janeiro, Brazil as well as six other mutual establishment companies, namely POSCO America, POSCO Canada, POSCO Uruguay, POSCO Mexico.

POSCO in Europe and Africa

POSCO has EU offices located at Dusseldorf, Germany, with affiliated associations of Prague and London substations. In addition, POSCO has four other foreign mutual establishment companies. Currently, POSCO is propelling a collaborative business of Titanium slabs in Kazakhstan. Aside from this, POSCO is also pushing ahead investment for supplying raw materials and rare gold from Mozambique, Zimbabwe, Cameroon, South Africa, Congo and other African countries.

POSCO is making a leap forward globally, growing as an elite corporation

POSCO is increasingly taking an active role throughout the world. Our future agenda includes pioneering into Russian Siberia, the three other Chinese territories (Liaoning, Heilongjiang, Jilin), the Far East, the Bering Sea, the Arctic Ocean and the polar regions and oceans to further secure a supply for raw materials and for an expansion of material production regions. On the agenda are also activities that reflect POSCO’s value on contribution to the international society. POSCO provided emergency kits for natural disasters and our student volunteer group built houses in the region. POSCO promises to become an elite corporation not only for Korea but globally as well.