Jeil Steel, Enters Advanced Graphene Component Materials Business... "Will Create a New Paradigm in the Steel Market"

[Asia Economy Reporter Jang Hyowon] Jeil Steel announced on the 27th that it plans to enter the advanced component materials business using 'Graphene' to expand new growth engines.

Jeil Steel plans to establish a 'Graphene Advanced Component Materials Business Research Institute.' Centered on the research institute, the company intends to introduce advanced nano ceramic metal surface coating techniques using graphene to existing steel products and develop advanced new material steel products.

Graphene is a material in which carbon atoms are arranged in a hexagonal pattern and has more than 200 times the strength of steel. It is the lightest material currently known, conducts electricity over 100 times better than copper, and has electron mobility more than 100 times faster than silicon used in semiconductors. It does not lose its physical properties even when bent, making it an optimal candidate material for ultra-high-speed semiconductors, high-efficiency solar cells, electronic paper, as well as flexible displays such as foldable phones.

Jeil Steel is a specialized steel company that processes and produces rebar, mild steel wire rods, and high-strength wire rods, currently producing about 7,000 tons of steel products monthly on average. Starting in the second half of this year, the company is pushing to expand its annual production capacity (CAPA) to more than twice the current production volume. The existing monthly CAPA of 7,000 tons will be expanded to 10,000 tons by the second half of this year, and next year, monthly CAPA will be increased to around 13,000 to 15,000 tons, raising the annual CAPA to 180,000 tons.

Through this new graphene material business, the company plans to create synergy with its existing steel business. By applying graphene-related technologies to existing steel products, it aims to expand its portfolio into advanced new material steel products and promote the production of high value-added products.

Centered on the research institute, the company plans to start research and development in three areas: ▲ application of nano particles ▲ low-temperature thermal control coating ▲ high-hardness thin film coating. The company explains that this is expected to have a positive effect on producing new material steel products by improving steel surface adhesion and enhancing stability against heat resistance, corrosion resistance, and friction resistance environments.

A company official stated, “Thanks to the recovery of the global steel market, market demand is expanding, and we are maintaining stable management performance this year. However, since it is uncertain how long this market demand will continue, we have been considering expanding future growth engines through new market development such as new business promotion, and thus decided to pursue this advanced component new material business using graphene.”

This content was produced with the assistance of AI translation services.