Korean steel giant POSCO said Wednesday that its late founder and honorary chairman, Park Tae-joon, has been inducted into the American Metal Market’s “Steel Hall of Fame.”
Park was recognized with seven other deceased industry leaders at a ceremony on Tuesday at the Sheraton New York Hotel in Manhattan, local time, during the 27th Steel Success Strategies Conference.
Also known as the “Steel King,” Park is widely credited for helping his Pohang-based company grow into one of the world’s leading steelmakers during his lifetime.
Park Tae-joon
Other honorees included Sir Henry Bessemer, who created one of the first methods for the affordable mass production of steel known as the “Bessemer Process,” and U.S. Steel founder Judge Elbert H. Gary.
The “Steel Hall of Fame” was organized for the first time this year by AMM, an industry news provider established in 1882. The inductees were selected after two rounds of voting by a committee composed of steel experts from the academic, business and research circles.
Commemorative memorabilia celebrating these eight steel luminaries will be displayed at a museum in Youngstown, Ohio, in August.
Meanwhile, the 27th Steel Success Strategies Conference, a global industry event organized by AMM, was held from June 18-June 20 at the same venue. AMM is a sister publication of the U.S. steel and metals news provider Metal Bulletin.
By Renee Park (
renee@heraldcorp.com)
