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POSCO adopts artificial intelligence for smart steel factory

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Tinuku ~ South Korean steel maker POSCO adopts artificial intelligence (AI) and internet of things (IoT) technology. The heavy metal, steel and building materials manufacturing company headquartered in Pohang builds a futuristic system by adopting AI and IoT technologies to improve performance efficiency, yield levels, and reduce defective products in manufacturing and construction.

Tinuku POSCO adopts artificial intelligence for smart steel factory

Leading heavy industry companies in South Korea such as POSCO and Hyundai Steel utilize the latest technology to boost manufacturing and construction performance. In March the company introduced AI technology in the steel making process for the first time in South Korea as a smart steel factory.

POSCO Chairman Kwon Oh-joon said he has teamed up with SungKyunKwan University's engineering department to develop AI-powered heavy equipment technology and apply it to the workplace in January.

"One step forward to building a smart factory and improving business competitiveness, we are looking for new business opportunities by connecting diverse industries with information and communication technologies," Oh-joon said.

Oh-joon says this technology uses AI-based algorithms to optimize and maintain constant automotive steel sheets. Maintaining a constant layer weight in the automotive steel industry has been difficult. Manufacturers must set up production chains in factories to meet different demands from car makers.

Weight control based on manual methods by human workers has a high error rate where excessive zinc consumption. Automotive steel sheets require complex manufacturing technology and today there are only 20 steelmakers in the world.

POSCO has sold about 9 million tonnes of automotive steel sheets in 2016 or 10 percent of all market demand worldwide. The company said it plans to expand the application of AI technology to other types of steel products to prepare for next-generation industrial revolution.

Hyundai Steel last month introduced a machine learning algorithm to develop new manufacturing technologies on automotive steel sheets. New steel sheets developed using this technology have a 40 percent higher solidity.

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