【SMM Steel】Volvo Korea & POSCO partner for next-generation construction equipment

Published: Apr 8, 2026 16:21

Save

【SMM Steel】Volvo Korea and POSCO signed an MoU to develop high-performance materials and manufacturing tech for future construction machinery, focusing on carbon neutrality and electrification. POSCO provides advanced metals and processes; Volvo leads equipment design. A key goal is structural lightweighting via high-strength steel. The innovations will be used in excavators at Volvo's Changwon plant, securing the supply chain from raw materials to final assembly.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[SMM Steel] 8.11 SMM Global Steel Daily Report

On August 11 China's steel export prices were mixed. Most flat-product export prices held flat day on day with some edging up 1 USD/tonne, and HRC transactions were at 482-485 USD/tonne; enquiries still showed no clear pick-up in volume, low prices could win some business while current offers largely failed to secure firm deals. Billet export FOB prices were steady, with Jiangyin port offers at 450-455 USD/tonne, as Chinese exportoffers hold little advantage against those of major overseas exporting mills and there is limited room to concede further. Rebar export offers at Tianjin port fell 2 USD/tonne with transactions at 472-477 USD/tonne; overseas enquiries improved slightly, demand from Africa and Israel was relatively strong and a few mills sold at concessionary prices, but overall trading was ordinary.

1 hour ago

2 hours ago

MMi Daily Iron Ore Report (August 11)

Today, the iron ore market showed a relatively strong performance on the futures market. The DCE main contract I2609 closed at 721.5 yuan/ton, up 1.26% from the previous trading session. Spot prices at Qingdao Port rose by an average of about 3-6 yuan/ton from the previous trading day.

2 hours ago

[China Iron Ore Brief] Tangshan region iron ore concentrates prices may consolidate.

Iron ore concentrate prices in the Tangshan area edged down, with the current EXW price for 66-grade iron ore concentrates on a dry basis and tax-included at 950-955 yuan/mt. At mines and beneficiation plants, iron ore concentrate resources remain tight currently, but overall supply is relatively looser than in the previous period.

2 hours ago