World Steel Association General Assembly to Return to Seoul Next Year After 22 Years

Confirmed Seoul as host city for the first time in 22 years
Discussed carbon-neutral efforts with global steelmakers
Met with JSW chairman to discuss a joint investment

The World Steel Association's annual General Assembly will be held in Seoul in 2027, 22 years after it was last held there in 2005.

Jang Inhwa, chairman of the Korea Iron and Steel Association, is encouraging attendees to attend the 2027 General Assembly in Seoul via video at the World Steel Association’s General Assembly in New Delhi, India, on the 13th (local time). POSCO Holdings.

POSCO Holdings said on the 14th that the World Steel Association had selected Seoul as the venue for its 2027 annual General Assembly at a meeting of member companies held in New Delhi, India, on the 13th (local time).

South Korea ranked sixth in the world in crude steel production last year, at 62.23 million tonnes, and first in per capita steel consumption, at 844 kilograms.

Held every October, the World Steel Association's General Assembly brings together the chief executives of global steelmakers to discuss key issues and explore ways to cooperate. Jang Inhwa, chairman of the Korea Iron & Steel Association and POSCO Group chairman, appeared in a promotional video for the Seoul General Assembly to encourage member companies to attend.

At the General Assembly in New Delhi, held over three days starting on the 11th, Jang also discussed key issues facing the global steel industry. At an Executive Committee meeting, participants discussed developing guidelines for low-carbon steel products and establishing international standards for allocating carbon emissions. On climate change response, Jang cited the damage caused by Typhoon Hinnamnor in 2022 and stressed the need to establish a public-private cooperation system to prepare for extreme disasters.

During the General Assembly, Jang met with Sajjan Jindal, chairman of India's JSW Group, to discuss business cooperation. POSCO is currently pursuing a joint investment with JSW Steel in an integrated steelworks in India. POSCO Group plans to expand its production base in high-growth overseas markets, including India, and leverage that expansion to strengthen the competitiveness of its domestic steel business.

Meanwhile, POSCO won the top prize in the process safety category at the "Best Practices in Safety and Health Competition," organized by the World Steel Association on the 13th. The award-winning technology is a safety system that uses artificial intelligence (AI) to analyze video footage from worksites, automatically detect hazardous situations, and alert workers.

This content was produced with the assistance of AI translation services.