POSCO Holdings Inc., formerly known as Pohang Iron and Steel Company (POSCO), is a South Korean multinational conglomerate that specializes in steel production and related businesses. The company was founded on April 1, 1968, and is headquartered in Pohang, South Korea.
POSCO is one of the world's leading steel producers and operates throughout the entire steel value chain, from mining and raw material production to steel manufacturing and distribution. The company's primary product is steel, which is used in various industries including automotive, construction, shipbuilding, and appliances. POSCO is known for its high-quality steel products and advanced production technologies.
As of its listing, POSCO Holdings Inc. is traded on the Korea Exchange, where it is listed under the stock code "005490". It is also listed on the New York Stock Exchange in the form of American Depositary Receipts (ADRs) under the ticker symbol "PKX". The listing on international exchanges allows POSCO to attract global investors and expand its presence in the international market.
The company invests heavily in R&D to develop new technologies and improve the efficiency and sustainability of its steel production processes. This commitment to innovation has allowed POSCO to stay competitive in the global steel market and develop advanced steel products tailored to specific customer needs.
POSCO produces a range of high-quality steel products, which includes hot-rolled steel, cold-rolled steel, coated steel, and electrical steel. These products are used in a wide range of applications, from automobile parts and shipbuilding materials to household appliances and construction materials. POSCO's steel products are known for their strength, durability, and reliability, making them preferred choices for industries that require top-quality steel.
In addition to its core steel business, POSCO has diversified into other industries such as energy, chemicals, and infrastructure. The company operates subsidiaries involved in power generation, engineering, construction, and trading. These strategic expansions have allowed POSCO to broaden its business scope and capture opportunities in various sectors.