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POSCO Group is broadening its 1% Sharing Foundation initiatives, which provide advanced robotic prosthetics to injured veterans and support science education for students.
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POSCO Holdings announced its third-quarter 2026 financial results, highlighting a recovery in steel operating profits alongside strategic investments in lithium production and energy assets.
POSCO Future M, a subsidiary of POSCO Holdings, announced plans to develop next-generation LFP cathode materials using lithium from the group's Argentine operations.
The South American steel wire rods market is projected to grow by over USD 1.69 billion during 2026-2031, driven by infrastructure investment, housing construction, agricultural mechanization, and industrial modernization. Brazil leads regional production and consumption, while mini-mill technology and scrap-based electric arc furnace production improve manufacturing economics. Key growth segments include alloy steel, energy applications, and galvanized wire rods, though challenges include economic uncertainty and limited advanced manufacturing capability.
The global soft magnetic materials market is projected to grow from USD 20.89 billion in 2025 to USD 30.62 billion by 2031, driven by electric vehicle adoption, renewable energy expansion, and smart grid development. Key materials include electrical steel, soft ferrites, and amorphous/nanocrystalline alloys used in transformers, motors, and power electronics. Asia-Pacific leads the market, with major players focusing on low-loss, high-performance solutions for automotive and energy applications.
https://www.bloomberg.com/news/articles/2026-10-16/us-steel-prices-climb-to-four-year-high-as-trump-s-tariffs-bite