Thursday 30th August, AustCham Korea and extended guests were invited to visit and tour POSCO’s steel mill in Gwangyang, South Korea. As Australia’s single largest customer in its export market, invitees were able to gain an in-person perspective of the size and magnitude of POSCO’s operations. POSCO and Australia share and long lasting and important relationship with POSCO buying 40 million tonnes of iron ore and 14 million tonnes of coal from Australian suppliers to make steel products worth U$3.4 billion.
AustCham Korea would like to thank POSCO for organising the tour and for their constant support of the Chamber and the Australian-Korean business community.
The POSCO Gwangyang Steel Mill: • Crude steel production of 42.2 million tons. World’ s 5th largest crude steel producer (worldsteel, 2017). • Gwangyang Works, the world’ s largest integrated steelworks, specializing in automotive steel. • Selected as ‘Metals Company of the Year’ and No.1 in ‘Steel Industry Leadership’ by S&P Global Platts (2018) • Rated as No. 1 in ‘World-class steelmaker rankings’ for 9 consecutive years by World Steel Dynamics (2010 – 2018)