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POSCO (formerly Pohang Iron and Steel Company) is a South Korean steel manufacturer headquartered in Pohang, South Korea. It had an output of 42,000,000 metric tons (41,000,000 long tons; 46,000,000 short tons) of crude steel in 2015, making it the world's sixth-largest steelmaker by this measure . [ 2 ]
The company operates two joint ventures in Pittsburg, California, with POSCO of South Korea. [125] U.S. Steel added facilities in Hamilton and Nanticoke, Ontario, Canada, with the purchase of Stelco (now U.S. Steel Canada) in 2007. [126] These facilities were sold in 2016 to venture capital firm Bedrock Resources and has since been renamed Stelco.
POSCO International Corporation (Korean: 포스코인터내셔널 [5]) is South Korea's largest trading company [6] and a subsidiary of POSCO. The company was founded by Kim Woo-choong in 1967 as Daewoo Industrial Co., Ltd, which ran its business in trading and construction.
Great Lakes Fleet was formed on July 1, 1967, when U.S. Steel consolidated its Great Lakes shipping operations by merging the Pittsburgh Steamship Division and its sister fleet, the Bradley Transportation Company forming the USS Great Lakes Fleet. [2] In 1981, Great Lakes Fleet was spun off into a U.S. Steel-owned subsidiary, Transtar, Inc. [3]
U.S. Steel, formed by J. P. Morgan's merger of Carnegie Steel with other steel producers, was once the largest company in the United States. [24] The Pittsburgh-based steelmaker had held the record for the largest initial public offering of any company in history—becoming the first billion-dollar company—and was added to the Dow Jones Industrial Average on its first day of public trading ...
Park resigned as president of POSCO in October 1992. In the beginning of POSCO's establishment, Park used it to protect himself from political draft. He laid down the president position right after the establishment of a new government of discord with Kim Young-Sam and his government. He submitted a letter of resignation in October of 5th, 1992.
It was alleged that POSCO hired ex-employees of Nippon Steel to obtain the technology. An ex-POSCO official stated that the company's Tokyo research centre was effectively an espionage base, whose primary purpose was to collect information about Japanese steel companies on orders from the Korean head office. [41] [42]
POSCO Energy is the largest private energy producer in South Korea. [ 1 ] [ 2 ] It is a member of the POSCO consortium, and was established in November 1969, in South Korea as the nation's first private electricity supplier.