Tata Steel, POSCO join forces to develop hyperloop tubes

By Reuters

Tata Steel Europe and South Korea's POSCO will collaborate to develop steel tubes needed for high-speed hyperloop transportation systems, the companies said on Monday. Richard Branson's Virgin Hyperloop on Sunday completed the world's first passenger ride on their levitating pod system, which it hopes will transform human and cargo transportation while slashing carbon emissions. Tata Steel Europe, a unit of India's Tata Steel, said in a joint statement with the world's fifth biggest steelmaker POSCO that they would develop high-quality steel grades needed for the huge vacuum tubes that allow high-speed transport using very little energy.

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