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POSCO to Suspend US NCR Coal Project That Caused 220 Billion Won in Losses
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POSCO Exits U.S. NCR Coking Coal Business
A view of the POSCO Center in southern Seoul (Photo courtesy of POSCO) POSCO Holdings has decided to withdraw from its ongoing coking coal business in West Virginia, United States. This decision appears to be the result of comprehensive considerations, including the large-scale mine fire that occurred in 2022 and the need to strengthen ESG management. According to Digital Daily and industry sources on June 18, POSCO has decided to halt additiona…
[Digital Daily Reporter Daeyoung Hwang] POSCO Holdings (hereinafter referred to as POSCO) will stop additional investment in the raw coal (coke) business that it has been promoting in West Virginia, USA. This business was a project that POSCO had been pouring its heart and soul into as part of its strategy to internalize raw materials, but it has become burdensome due to the large mine fire that occurred last year and the strengthening of ESG (e…
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