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[THE INVESTOR] Korea’s biggest steelmaker POSCO retained its title as the world’s most competitive steelmaker for the seventh consecutive year since 2010, the company announced on Tuesday.
Evaluating 37 steelmakers from around the world in 23 different categories, global steel information service provider World Steel Dynamics awarded POSCO the highest score of 8.02 points out of 10.
Despite the setbacks POSCO saw this year with the sluggish economy and reinforcement of import restrictions of exporting countries, POSCO was well evaluated, receiving high marks in various categories including corporate restructuring, innovations and higher-value product sales, company officials said.
Meanwhile, Japanese Nippon Steel & Sumitomo Metal Corp. came in second scoring 7.77 points while U.S. Nucor came in third with 7.74 points.
Korea’s second-largest steelmaker Hyundai Steel dropped out of the top 10 list this year. The company ranked No. 9 on last year’s list with 7.05 points.
By Lee Seo-young (seoyounglee@heraldcorp.com)
