Arab Today, arab today posco chief elected as chairman of global steel organization
Last Updated : GMT 10:44:11
Arab Today, arab today
Arab Today, arab today

POSCO chief elected as chairman of global steel organization

Arab Today, arab today

Arab Today, arab today POSCO chief elected as chairman of global steel organization

Seoul - Yonhap

POSCO, South Korea\'s top steelmaker, said Tuesday that its chief Chung Joon-yang has been elected the new chairman of the World Steel Association, replacing Alexey Mordashov, the chief executive officer of Russian steel producer Severstal. At the 47th annual meeting of the World Steel Association held in Sao Paulo on Monday, its members approved the nomination to elect Chung as the new head, according to POSCO. His term will expire in October 2014, according to the South Korean company. The World Steel Association, founded in 1967, is a nonprofit organization with headquarters in Brussels, Belgium. It is one of the largest industry associations in the world, representing some 170 steel producers, national and regional steel industry associations, and steel research institutes. Its members make up around 85 percent of the world\'s steel production.

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