The news outlet said yesterday POSCO has recently created a task force to develop steel metaverse solutions.
 
The company plans to develop hydrogen reduction steelmaking technology by 2040 and switch to hydrogen-based steelmaking by 2050. POSCO estimates that the cost of developing this technology will be between 30 trillion and 40 trillion won. A digital twin will reduce the company’s cost and risk burden in implementing the technology.
 
Read more here.