Pohang Iron and Steel Company ( POSCO )
POSCO
POSCO is a world-leading manufacturer of high-end steel and a pioneer in green new materials transformation, tracing its origins to 1968 and headquartered in Pohang, South Korea, with dual listings on the Korea Exchange (005490) and the New York Stock Exchange (PKX). Operating through capital-intensive in-house manufacturing, the company deeply focuses on metal structural materials within the full
Business Nature
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Corporate Report
Pohang Iron and Steel Company (POSCO Holdings Inc.) is a global leading steel manufacturing group, headquartered in Pohang, Gyeongsangbuk-do, South Korea, one of the world's top five steel enterprises. The company's operational network spans more than 50 countries and regions worldwide, with annual revenue of approximately $65 billion, renowned in the global steel industry for technological innovation and product quality, a leading enterprise in the mineral materials field specializing in steel material manufacturing and processing.
Core Business
POSCO's main business covers the entire steel industry chain operation, including steelmaking, rolling, processing and integrated sales services. The company's core business focuses on deep processing of ferrous metal ores and recycling of metal slag, with high-end steel products as the strategic priority, main products including automotive steel plates, home appliance plates, shipbuilding plates and other steel plate products, rebar, wire rod, section steel and other long products, as well as stainless steel plates, stainless steel coils and other special steel products. In terms of technology, the company's independently developed FINEX technology represents a globally leading ironmaking process, and the highly automated production system ensures excellent product quality control. FY2025 data shows the company's annual crude steel capacity reached 43 million tons, steel sales of approximately 38 million tons, with automotive steel plates and electrical steel as high value-added products performing particularly outstanding, electrical steel sales year-on-year growth of 15.5%, fully reflecting its technological advantages in the field of electric vehicle steel.
Global Presence
POSCO's global production system takes South Korea as the core base, with two main steel mills in Pohang and Gwangyang, crude steel capacity of 22 million tons/year and 21 million tons/year respectively. The company has established a processing network covering global major markets, deploying more than 50 processing centers and more than 200 overseas subsidiaries worldwide, with business spanning Asia, Americas, Europe and more than 50 countries and regions. Total employees approximately 35,000, with overseas employees accounting for 40%. From the perspective of regional revenue structure, the South Korean domestic market contributes approximately 50% of revenue, other Asian regions account for 25%, Americas 15%, and other regions 10%, forming a balanced development pattern emphasizing both domestic advantages and global layout.
Core Advantages
POSCO's core competitiveness is reflected in three dimensions: technological R&D, product quality and brand influence. The company continuously increases R&D investment, with FY2025 R&D expenditure reaching $1.5 billion, year-on-year growth of 10.5%, maintaining industry-leading position in areas such as ultra-high-strength automotive plates, efficient electrical steel, and green steel technology. As an important supplier of global automotive plates and electrical steel, the company has passed international authoritative quality certification systems, and is the core supplier of many global high-end customers. In terms of sustainable development, the company actively promotes carbon emission intensity reduction and green production process promotion, with significant ESG practice achievements. FY2025 operating profit reached $4.5 billion, year-on-year growth of 8.5%, with continuous improvement in profitability, reflecting the effectiveness of its strategy transforming from traditional steel manufacturer to high-end, green-oriented development.
Quick Facts
Headquarters
Pohang, Gyeongsangbuk-do, South Korea
Founded
1968
Employees
35K+
Factories
50+
Listing
NYSE: KRXCategories