Hyundai Steel, Sustainable as an Eco-Friendly Steelmaker

Hyundai Steel unveils its vision as a sustainable eco-friendly steel company.

Hyundai Steel will participate in 'SMK 2023,' the largest domestic steel and non-ferrous metals industry exhibition, from the 13th to the 15th of next month, focusing on three major trends including carbon neutrality and eco-friendly steel technologies.

Hyundai Steel showcased future strategies for transitioning to an eco-friendly steel company. According to the Hyundai Steel exhibition plan, the booth will feature a carbon neutrality roadmap, an electric arc furnace (EAF) - blast furnace (BF) hybrid process, and a branded products section to present Hyundai Steel’s eco-friendly management vision and three major brands.

Hyundai Steel plans to invest in converting the Dangjin Steelworks electric arc furnace to an EAF-BF hybrid process by 2030 and additionally disclosed plans to establish a supply system for 5 million tons of low-carbon products annually.

In the EAF-BF hybrid process section, products that have been developed or are under research will be showcased. Demonstration cases such as automotive parts and low-carbon automotive steel sheets are scheduled to be exhibited.

In September last year, Hyundai Steel became the world’s first to successfully conduct trial production and component manufacturing of 1.0 GPa (gigapascal) grade high-quality steel sheets using an electric arc furnace, taking the first step toward producing 'low-carbon high-quality steel sheets' that significantly reduce carbon emissions during the production process.

Andong Il, President of Hyundai Steel, stated, "Carbon neutrality is not an option but a necessity, and we will focus all of Hyundai Steel’s capabilities on securing new growth engines and advancing as a sustainable eco-friendly steel company."

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