Group News-HBIS Group-Being The Most Competitive Steel Enterprise

HBIS Leader Meeting POSCO Chairman & CEO Jeong-Woo Choi

October 15, HBIS CCP & Group Chairman Yu Yong meet POSCO Chairman & CEO Jeong-Woo Choi and discussed to deepen their comprehensive cooperation. Mr.Yu Yong was attending the World Steel Association (WSA) executive committee and board annual meetings in Tokyo Japan. 

Yu Yong congratulated Mr.Choi elected the new POSCO Chairman and CEO and said POSCO was one of the most competitive steel mill in the globe and had  excellent performances in technologies, products and business innovations. He believes that under the leadership of Mr.Choi, POSCO will make more progress. POSCO is one of key partners of HBIS and since the signature of 2017 MOU of Comprehensive Cooperation, the two have established a functioning exchange and high level communication mechanisms, working on strategic planning, raw material, energy & environmental protection and technologies, including client management, business innovation, technological upgrade and internationalization efforts. The partnership is mutually beneficial and futuristic. we will explore more opportunities in Chinese and the third party markets and make new breakthroughs.

Jeong-Woo Choi congratulated the 10th anniversary of HBIS incorporation ad said group was becoming one of the most influential and energetic steel mill in the world. The HBIS green production, internationalization and business models are all very impressive. HBIS is an integral partner of POSCO and since the signature of the MOU, functioning mechanisms have been established, a really good start. Both POSCO and HBIS are world’s biggest steel mills and their overall cooperation is not only about the two corporations, it is enhancing the steel industries of the two nations and improving the sustainable development of the world steel industry. We have the wishes to work more with HBIS in strategic planning, raw material, technology, energy & environmental protection.