POSCO - Latest news GMK Center

The partnership involves investing in and scaling up solutions for low-carbon steel production

The agreement is expected to be finalized by the end of this year

The project is valued at 4.3 billion Australian dollars ($3 billion)

The project in Pohang calls for the launch of a 300,000-ton-per-year HyREX pilot plant by 2028

The company is expanding its scrap yard in Gwangyang and will initially rely mainly on its own raw materials

Partnership is a strategy to counter US trade barriers

This step is part of a strategy to expand into new areas

Tests using ore from BHP will be conducted at POSCO's demonstration plant

The joint venture envisages a production capacity of 2 million tons per year and strengthening positions in Southeast Asia

These steps reflect a strategy of focusing resources on fast-growing sectors

The new center will focus on research to reduce carbon emissions in steel production

The future plant in Louisiana is the result of Donald Trump's controversial tariff policy