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HOME About Us History 1971 ~ 1981

History

Driven by persistence and determination
Sandstorms and lack of sleep could not break the will of our founders. With unyielding sense of duty, they put their life on the line for the mission to build an integrated steelworks. Their feverish travails manifest in the first tap, a river of molten iron that was the product of unspeakable effort and determination. Setting off to write a new chapter in this triumphant saga, with perseverance, they fought hell or high water.
  • 1981
    Jan. 21
    Launched Nosa Labor-Management Council
    Feb. 18
    Completed Pohang Steel Mill Phase 4
    Feb. 28
    Transitioned from state-invested enterprise to state-financed enterprise
    Nov. 4
    Gwangyangman Bay was selected as the site for the second steelworks
  • 1980
    Jun. 30
    Entered into an agreement for joint development of Green Hills Mine in Canada
  • 1979
    Dec. 6
    Formed the Business Enhancement Committee
  • 1978
    Oct. 30
    Selected as a builder and operator of second steel mill
    Dec. 8
    Completed construction of Pohang Steel Mill Phase 3
  • 1977
    Jan. 1
    Launched R&D Center
    Apr. 30
    Made the first shipment of cold-rolled products
  • 1976
    May 31
    Completed construction of Pohang Steel Mill Phase 2
    Nov. 16
    Established Steel Education Foundation
  • 1974
    Oct. 1
    Blew in foundry blast furnace
    Dec. 30
    Passed the U$100 million mark in steel exports and the ₩100 billion mark in revenues
  • 1973
    Mar. 2
    Received first shipment of coking coal
    Jun. 9
    Tapped the first batch of molten iron from Pohang Steelworks Blast Furnace No.1 at 7:30am
    Jul. 3
    Completed Pohang Steel Mill Phase 1
  • 1972
    May 1
    Built a pier for product delivery
    Jul. 4
    Completed construction of Heavy Plate Plant No.1 at Pohang Steelworks (first loading on July 31)
    Dec. 31
    Relocated headquarters to Pohang and opened an office in Seoul
  • 1971
    Jan. 27
    Established Steel Scholarship Foundation
    Apr. 1
    Removed credential-based job titling
    Apr. 8
    Founded in-house newsletter Soetmul (molten iron) (- December 15, 1997)
    Aug. 20
    To meet schedule, historical first emergency model was issued to speed up Hot Rolling Plant construction
    Nov. 25
    Concluded the company's first long-term iron ore offtake agreement with Hamersley