POSCO joins HILT CRC

South Korean steelmaker POSCO has joined the Heavy Industry Low-carbon Transition Cooperative Research Centre (HILT) a development the CRC cited as “an important milestone” in its global collaboration efforts, “particularly in developing low-carbon ironmaking technologies.” According to a statement from HILT on Wednesday, it reflects both the benefits of collaboration with international companies and the…

BlueScope leads $115bn international consortium eyeing Whyalla Steelworks

BlueScope has formed a massive international consortium with Japanese, Indian and Korean steelmakers to explore acquiring the troubled Whyalla Steelworks, the company announced on Wednesday. The consortium includes Nippon Steel Corporation, JSW Steel and POSCO, collectively representing $115 billion in market capitalisation and total steelmaking capacity of approximately 130 million tonnes. BlueScope will leverage its…