POSCO Holdings Inc.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- In-Hwa Chang
- Full Time Employees
- 524
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- POSCO Center Pohang-si NG South Korea 06194
- IPO Date
- Jun 10, 1988
- Website
- posco-inc.com
- Similar Companies
- Business
- POSCO Holdings Inc engages in integrated steel production and related businesses, operating primarily in South Korea and internationally. The company manufactures and distributes a wide range of steel products including hot-rolled plates, medium and thick plates, wire rods, cold-rolled plates, and coated steel sheets, serving industries such as automotive, shipbuilding, and home appliances. Its business segments also include trading, construction, logistics, green materials and energy, and others, with subsidiaries specializing in eco-friendly future materials and energy solutions like fuel cells, renewable energy, and secondary battery materials including lithium, nickel, and electrode materials. Founded in 1968 and headquartered in Pohang, South Korea, POSCO Holdings is transitioning to carbon-reduced steelmaking processes, including the development and commercialization of hydrogen reduction ironmaking technology (HyREX) and installation of electric arc furnace facilities targeting operational launch in 2026. Recently, the company has pursued strategic alliances such as a joint fully integrated steel mill project with India's JSW Group and a joint investment plan in a U.S. steel plant in partnership with Hyundai Motor Group. POSCO is also actively investing in high-growth sectors, restructuring noncore assets to enhance financial stability, and leading sustainability efforts with a commitment to net zero emissions by 2050. These moves are part of the "2 Core + New Engine" strategy focused on strengthening core steel businesses while expanding in secondary battery materials and new growth engines globally. The company holds significant stakes in subsidiaries such as POSCO Future M and POSCO International Corporation and operates a global network of steel mills and processing centers across Asia, North America, and Europe. This comprehensive business description reflects POSCO Holdings Inc.'s broad product portfolio, recent strategic alliances, sustainability advancements, and ongoing business realignments towards future growth and environmental responsibility.
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