Volvo Korea & POSCO partner to develop advanced high-strength steel for next-generation construction & mining equipment. POSCO, South Korea's leading steelmaker producing around forty million metric tons of steel per year, brings its world-class Giga Steel & ultra-high-strength steel expertise to the collaboration. The new materials aim to reduce equipment weight, improve durability, & cut lifetime carbon emissions. The partnership signals a shift toward deeper co-development between equipment makers & steel producers, mirroring a trend already well established in the global automotive industry.