South Korea’s top steelmaker POSCO said Tuesday it was named the world’s most competitive steelmaker in a global industry report for the sixth consecutive year.
In an annual assessment of 36 steelmakers worldwide, global steel information service provider World Steel Dynamics gave POSCO the top mark of 7.91 points out of 10, according to the South Korean company.
The WSD report, which ranks the steelmakers based on 23 categories, gave top scores for POSCO in four segments, including technological innovation and human resources, the company said.
POSCO said the company was highly recognized for its efforts to expand sales of high-end products and boost its competitiveness by carrying out technology-based solution marketing.
U.S.-based minimill Nucor Corp. came next, followed by Japan’s Nippon Steel & Sumitomo Metal Corp. and Brazil’s Gerdau.
Hyundai Steel Co., an affiliate of the world’s No. 5 auto conglomerate, Hyundai Motor Group, finished ninth in the rankings, the second time it has done so since last year. (Yonhap)
