WORLDSTEEL: Posco’s Chung appointed Worldsteel chairman

The World Steel Assn (Worldsteel) has appointed Joon-Yang Chung, chairman and ceo of South Korean steelmaker Posco, its new chairman.

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Severstal ceo Alexey Mordashov and Voestalpine chairman and ceo Wolfgang Eder were elected vice chairmen by the Worldsteel board of directors.

Eiji Hayashida, president and ceo of JFE Steel, is Worldsteel’s new treasurer.

The elections were made on Monday October 7 at the 47th Worldsteel annual conference in São Paulo, Brazil.

Chung will take office on October 9. The new officers are elected for a term of one year, until October 2014.