Displaying items by tag: POSCO

South Korea: Continental New Materials has awarded a granulated blast furnace slag (GBFS) supply contract to steel producer POSCO. Continental New Materials applies technology developed at the Ulsan National Institute of Science Technology (UNIST) to produce clinker-free cement.

POSCO's hot rolled and wire rod marketing manager Kim Dae-Up said "We will continue to provide support so that POSCO's steel by-products can become eco-friendly cement materials and contribute further to carbon reduction."

South Korea: South Korea's steelmaker POSCO has offloaded its shares in POSFINE Co, a slag powder producer, to a private equity fund for an estimated US$27.5m.

Under the deal, POSCO sold its 69.22% stake in POSFINE to Hahn & Co. The move came two months after POSCO had opened talks with the fund in line with its reorganisation efforts. Hahn & Co also reportedly plans to acquire the remaining shares in POSFINE from Tongyang Cement & Energy Corp, Lafargehalla Cement Corp and SSangyong Cement Industry Co.