Worldsteel Gets Its 37th Chairman

POSCO’s CEO Chung Joon-Yang was elected the 37th Chairman of the World Steel Association (worldsteel) on October 6th at the 47th annual worldsteel conference held in Sao Paulo, Brazil.

CEO Chung Joonyang has become the third worldsteel chairman from Korea, following Chairman Kim Man-Je (20th, 1996~1997) and Chairman Lee Ku-Taek (31st, 2007~2008), and now leads 170 member steel companies worldwide as the chairman of worldsteel.

The election of CEO Chung Joon-Yang as the leader of the global steel industry is testament to the latent strength underpinning POSCO`s success in achieving continuous growth despite the recent decline in the steel industry. Furthermore, the election reflects Korea`s ascendancy to becoming a steel technology export country from an importing country in less than half a century.

CEO Chung Joon-Yang was highly evaluated for his adroit understanding of steel technology having served as a steelworks head, his vast social network, and his activities as a member of the Executive Committee and as Vice Chairman, in which roles he has shown global leadership in many aspects including solving the current issues of the global steel industry and offering a sustainable vision of its future.

CEO Chung Joon-Yang, following his election to the post of worldsteel Chairman, commented, “I will focus on solving the various issues facing the global steel industry in my role as worldsteel Chairman through discussing and cooperating with all member companies. Furthermore, I will expand the association involvement of new rising steel companies from China, India, and South America for the balanced development of worldsteel as a whole.”

[mappress]

Press Release, October 15, 2013