Posco chief proposes joint response to changes in post-COVID-19 era
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Update time : 2020-10-28 16:02:34
Posco CEO Choi Jeong-woo has suggested the global steel industry jointly respond to structural changes accelerated by coronavirus and find sustainable growth measures at a recent steel conference, the firm said Wednesday.
On Tuesday, Choi gave a keynote speech on the theme of Post-COVID-19 megatrends at the Steel Success Strategies conference hosted online by World Steel Dynamics.
WSD is a US-based steel research firm that conducts and announces competitiveness evaluations for major global steel companies. It holds the conference every year.
This year’s keynote speakers include six leaders, including Posco Chairman Choi Jeong-woo, Tata Steel CEO Narendran and Nucor CEO Leon Topalian.
In his speech, delivered in English, Choi said steel would be the most important material to improve the quality of human life in the future, defining the steel industry’s megatrends as new mobility, urbanization, digitalization, de-carbonization and de-globalization.
In preparation for the era of new mobility, he said, “The steel industry should actively cope with the paradigm shift in the auto industry by developing ultra-light, high-strength car body and chassis materials based on the high economic feasibility and eco-friendly nature of steel.
