POSCO and Maruichi Steel Tube Ltd. Reach Record Trade of Steel
POSCO held a commemoration ceremony, November 17, for management executives of Maruichi Steel Tube Ltd. of Japan, after achieving accumulated trade of 8 million tons of steel.
POSCO held a commemoration ceremony, November 17, for management executives of Maruichi Steel Tube Ltd. of Japan, after achieving accumulated trade of 8 million tons of steel. Attendees included Chairman Suzuki and Vice President Horikawa of Maruichi Steel Tube Ltd., Oh In-hwan, Head of Steel Business Division and Kim Young-sang, CEO of Daewoo International. During the ceremony, the executives from the three companies, POSCO, Maruichi Steel Tube Ltd. and Daewoo International, exchanged appreciation plaques and promised continued partnership.
Established in 1947, Maruichi Steel Tube Ltd. produces steel tubes for construction, civil engineering and automobiles, and has been a partner with POSCO for 35 years, since 1980. Purchasing only 3,500 tons of POSCO steel products for their first trade agreement, Maruichi Steel Tube Ltd. now purchases over 150,000 tons of hot rolling products from POSCO per year. Oh In-hwan, Head of Steel Business Division expressed his gratitude by saying, ``It is a meaningful accomplishment for both companies to achieve accumulated trade of 8 million tons while overcoming difficulties together for the past 35 years. POSCO could not have grown to this extent without the help of Maruichi Steel Tube Ltd., our customer as well as our partner. I hope both companies will maintain a close partnership based on trust over the coming years.`` Maruichi Steel Tube Ltd. Chairman Suzuki replied, ``With POSCO`s support to constantly supply high quality steel products, we also grew as a competitive steel tube company, securing manufacturing and sales bases throughout Japan. We look forward to POSCO`s continued support in the future.``
During the ceremony, executives of both companies pledged to overcome the current challenges of the steel industry by strengthening cooperative relationship in the future and jointly responding to increasing demands for steel products for 2020 Tokyo Olympics.
From left: Kim Young-sang, CEO of Daewoo International, Maruichi Steel Tube Ltd. Chairman Suzuki, Oh In-hwan, Head of Steel Business Division and Maruichi Steel Tube Ltd. Vice President Horikawa
source: Posco
Top News
Six last month
MinRes halts Bald Hill mine amid lithium price rout
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Swapping aluminum for copper will maintain China’s resources, group says
Gold loses some luster after Trump’s decisive win
Hedge funds slash bullish wagers on gold over Trump election win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Families gather at South African mine shaft where hundreds are feared stuck underground
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
