POSCO launches low-carbon certified steel brand, Greenate

In an event for major domestic customers held at its Gangnam offices in Seoul, POSCO formally launched sales of what it says is South Korea's first low-carbon steel product, announcing on June 1 that LG Electronics had become its first client, ordering 200 tonnes of its Greenate steel for use in a range of home appliances.

The steel company joins other global steel producers such as Japan's Kobe Steel and Germany's ThyssenKrupp that have already introduced steel made using the "mass balance" method, which distributes carbon emission reduction results to specific steels and where customers who purchase the products are credited with reducing their carbon