Sustainable Products
In the steel construction materials sector, POSCO has launched ‘INNOVILT,’ a premium construction material brand made from high-quality steel, to create a safe, high-standard construction market and promote a sustainable construction culture. In the mobility sector, POSCO has introduced ‘e Autopos,’ an eco-friendly automotive steel brand, to offer green vehicle solutions to global automotive manufacturers. Furthermore, POSCO is enhancing the development and sales of products under ‘Greenable’, to support the expansion of renewable energy infrastructure.
1) Core loss refers to the energy loss due to magnetic resistance during the magnetization process of the iron core acting as a magnetic pathway.
Due to its chemical composition being similar to that of cement, granulated slag is pulverized and used as a cement alternative. Additionally, POSCO has developed and is promoting PosMent, which features a higher slag content and enhanced physical properties, including improved compressive strength, compared to traditional slag cement.
Silicate fertilizer is rich in silicon, a crucial nutrient for rice plant growth. Silicon strengthens rice plant stems more than threefold, enhances the texture and taste of rice, and aids in improving yield and quality. Furthermore, silicate fertilizer is produced by grinding granulated slag into small beads. The trace amounts of iron ions (Fe3+) in the slag help suppress methane generation caused by the decomposition of organic matter by microorganisms. This results in approximately a 14% reduction in GHG emissions from paddy fields compared to when no fertilizer is applied.
In January 2023, POSCO renewed its Environmental Product Declaration (EPD) certification from the Ministry of Environment for 14 products2), including hot-rolled, cold-rolled, and electrical steel. Leveraging this EPD certification, POSCO plans to promote low-carbon product certification for products with improved carbon emission intensity. With the strengthening of carbon regulations and the increasing emphasis on social responsibility for producing low-carbon products3), there has been a rise in information disclosure requests from various customers, including domestic and international automakers and auto parts manufacturers, regarding the carbon emission intensity of products certified by third-party agencies. POSCO is using its EPD certificates to address these requests and is developing a system to calculate the carbon emission intensity of each product on a monthly and quarterly basis to support customers in complying with the EU Carbon Border Adjustment Mechanism (CBAM).
2) Hot-rolled, pickling, cold-rolled, heavy plates, wire rods, HGI, GI, GA, EG, electrical steel, STS300, STS400, PosMAC, 980DP (Giga Steel)
Check the certification: Product Homepage
3) A certification system that awards certificates to EPD-certified products with carbon footprint values below the maximum allowable carbon emissions
| FY2023 Basis | Steel | |
|---|---|---|
|
Revenue (Turnover) |
Eligibility Ratio | 96.5% |
| Amount | 37,610.4 billion KRW | |
| Capital Expenditure | Eligibility Ratio | 87.5% |
| Amount | 2,999.7 billion KRW | |