“We paved the way for stable growth by boosting blast furnace business”
“We paved the way for stable growth by boosting blast furnace business”
  • By Business Editor Sung Jungwook, Kim Myung-keun
  • 승인 2021.07.09 19:30
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Hyundai Steel

Established as Korea’s first steelmaker in 1953, Hyundai Steel has paved the way for sustainable growth by boosting blast furnace business as a new growth engine in addition to its existing electric arc furnace based operation. We will continue to prepare for a greater future with a vision of 'Leading the New Era of Steel'.
Blast Furnace Business: As a steel mill specializing in automotive materials, Hyundai Steel is heavily engaged in the development of next generation steel for future automotive industry. Since the groundbreaking ceremony at the Dangjin integrated steel mill in October 2006, the first and second blast furnaces are commissioned in January and November 2010 in order.

Ahn Dong-il, CEO of Hyundai Steel
Ahn Dong-il, CEO of Hyundai Steel

Then, the completion of blast furnace No. 3 in September 2013 enabled us to become a comprehensive global steelmaker with a total crude steel production capacity of 24 million tons including 12 million tons from blast furnaces and 12 million tons from electric arc furnaces. 
Furthermore, merging with cold rolling division of Hyundai Hysco in December 2013, we have now established the one-stop production system integrating all production processes from raw materials to finished products.
Products: Hot rolled steel sheet, Cold rolled steel sheet, Heavy plate, ERW Pipe
Industries in Demand: Automobile, Shipbuilding, Construction

Electric Arc Furnace Business

Hyundai Steel possesses the largest domestic production capacity and best technology in electric arc furnace area, which produces molten iron with scrap metals. While the electric arc furnaces at Incheon, Pohang and Dangjin sites can produce up to 12 million tons of molten steel per year, we have developed the largest number of world-class premium products in Korea through more than 60 years of electric arc furnace technology and continue to actively respond ever changing steel demands by continuous investment on R&D.
Product: Rebar, H-sections, heavy machinery
Industries: Construction, shipbuilding, special steel business, 
Promises: Hyundai Steel promises that it will further strengthen its competitiveness with special steel production which boasts high intensity and abrasion resistance materials for automotive engines and transmissions. 

Hyundai Steel headquarters building
Hyundai Steel headquarters building

The special steel plant which takes up 236,000㎡ of land at Dangjin Steelworks is under construction and expected to produce one million ton of high purity special steel annually by introducing cutting-edge precision rolling equipment and making the best use of our existing infrastructures and molten iron from blast furnaces. The Special Steel Division will enable us to take the initiative in consolidating national economy by localizing mostly imported special steel products. 
Focus on weight reduction: Hyundai Steel is dedicated to developing materials that can make automobiles lighter and safer by utilizing state-of-the-art technologies such as TWB (tailor welded blanks), hydroforming, and hot stamping. Its products are manufactured with cutting-edge technologies aimed at making automobiles more lightweight for improved fuel efficiency, reinforcing shock-resistance for enhanced safety, and bringing the strengths of each raw material to life. Its products are contributing to ensuring the safety of automobiles and to increasing fuel their efficiency and lowering their emissions – a leading cause of climate change. 

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