The Chairman & CEO of Posco, Joon-Yang Chung, was elected Chairman of the World Steel Association (worldsteel) to serve for a year from today.

As is tradition, the retiring Chairman, Alexey Mordashov, Severstal JSC CEO will now serve as one of two vice-chairmen the other being Wolfgang Eder CEO & Chairman of voestalpine who is Chairman elect for 2014-15.

Eiji Hayashida CEO and President of JFE Steel Corporation was elected treasurer replacing John Surma, Chairman of US Steel who retires from the company on 31 December.

Additional members of the Board of Directors elected at the 47th Annual Meeting of the Association held in Sao Paulo 6-9 October are:

John Ferriola, Nucor Corporation
Eiji Hayashida, JFE Steel Corporation
Heinrich Hiesinger, ThyssenKrupp AG
Sajjan Jindal, JSW Steel Ltd
André Gerdau Johannpeter, Gerdau SA
Mario Longhi, United States Steel Corporation
Lakshmi Mittal, ArcelorMittal
Shoji Muneoka, Nippon Steel & Sumitomo Metal Corporation
Paolo Rocca, Techint Group
Lejiang Xu, Baosteel Group Corporation
Xiaogang Zhang, Anshan Iron & Steel Group Corporation and
Edwin Basson, Director General World Steel Association.