KARACHI - The POSCO Chairman and CEO Chung Joon Yang has been honoured with ‘Steelmaker of the Year’ award at AISTech 2013 — The Iron & Steel Technology Conference and Exposition, managed by Association for Iron & Steel Technology (AIST).

Chung is recognised as a visionary for global steel industry for his knowledge of steel operations, dedication to safety, awareness to secure raw materials, enthusiasm to incorporate new technologies, foresight to expand POSCO’s foreign presence and prudent strategy to promote mutual growth with steel-consuming industries.

AISTech 2013 will take place from 6–9 May in Pittsburgh, Pa, USA, with technical sessions and several keynote presentations by business leaders. The Technology Conference will showcase more than 400 presentations on aspects of iron and steel manufacturing technology.

POSCO Limited is the world’s 4th largest steel maker by market value, Asia’s most profitable and the most competitive steel maker in the whole world. POSCO has been the bedrock of Korea’s industrial development over the past 45 years. It produces approximately 39 million tons of steel products each year.

Currently, POSCO delivers its products to over 60 countries around the globe, satisfying some of the world’s most quality conscious manufacturers. As a part of its plan “Vision 2020” to become a true global company and to make its presence felt in developing regions. POSCO has identified Pakistan as a land of phenomenal opportunities.

To add to its success stories, POSCO is determined in building a successful partnership with Al-Tuwairqi to benefit from its presence in Pakistan and fully focused to make TSML of Pakistan a world class steel making unit through possible expansion of initially set DRI plant.

Director Projects–TSML, Zaigham Adil Rizvi and his team has congratulated Chung on this achievement.