On November 11, 2021, to celebrate the 60th anniversary of diplomatic ties between Australia and Korea, AustCham Korea hosted an exclusive Senior Business Leader’s Tour of POSCO Pohang Steelworks. As Australia’s single largest customer, 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 39 million tonnes of iron ore and 12 million tonnes of coal from Australian suppliers to make steel products worth U$4.4 billion in 2018.

The AustCham Delegation included representatives from ANZ, Macquarie Group (Blueleaf Energy), Woodside Energy, New South Wales Government (NSW), IFM Investors, Australian Strategic Materials (ASM), Herbert Smith Freehills (HSF), Rio Tinto, Mott MacDonald and Austrade. 

AustCham Korea would like to thank POSCO for co-hosting the tour and for their constant support of the Chamber and Australian-Korean business community.

About POSCO and Pohang Works:

• Established in 1968 (1st integrated steel mill in Korea)
• Currently operates two integrated mills in Korea, Pohang & Gwangyang
• Crude steel production : 40.6 million tons (Pohang 16 million tons)
  – World’ s 6th producer
• 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 12 consecutive years by
  World Steel Dynamics (2010 – 2020)