Hyundai Steel Incheon steel plant
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Hyundai Steel Incheon steel plant, also known as INI Steel, Incheon Iron & Steel Co.Ltd (formerly), is an electric arc furnace (EAF) steel plant operating in Incheon, Seoul National Capital Area, South Korea.
Location
The map below shows the exact location of the plant in Incheon, Seoul National Capital Area, South Korea:
- Location: 63 Jungbongdae-ro Dong-gu, Incheon Metropolitan City, Republic of Korea
- Coordinates (WGS 84): 37.489678, 126.637942 (exact)
Background
Incheon Heavy Industries was founded in 1962 and merged with Incheon Steel in 1970. The first electric arc furnace was completed in 1968. The Korean government decided to privatise Incheon Steel in 1987 and was acquired by Hundai Group.[1] By 2014, the plant had produced 100 million tonnes of crude steel.[2] In February 2023, South Korean Industry minister and chiefs of the South Korea's seven major steelmakers, including POSCO Holdings Inc., Hyundai Steel Co. and Dongkuk Steel Mill Co., signed an agreement to promote investment and technology development to achieve low-carbon steelmaking.[3]
In 2024, Hyundai Steel carried out a half-year overhaul of its Incheon plant’s facilities in an apparent attempt to reduce output amid the slow demand.[4]
2050 Net-Zero Roadmap
As part of the company's 2050 Net-Zero Roadmap announced in April 2023, the company is preparing for the shift to eco-friendly steelworks by scaling up new electric arc furnaces and implementing Hydrogen-based DRI (direct reduction of iron) technology with the advancement of Hy-Cube, Hyundai Steel’s own technology for low-carbon product production. The phase 1 involves utilizing the existing electric arc furnace to pre-melt steel scrap and DRI (Direct Reduced Iron), which will be put into the blast furnace converter process. The phase 2 entails investing in a new electric arc furnace, specifically developed by the company, to establish a production system that can achieve approximately 40% lower carbon emissions by 2030 to contribute to contribute to the Net Zero of the supply chains for key global customers. The mid-to-long-term goal is to produce net-zero products by transitioning to a new electric arc furnace process based on hydrogen reduction steel.[5]
Plant Details
Table 1: General Plant Details
| Plant status | Start date | Workforce size |
|---|---|---|
| Operating[6] | 1953[7] | 2243[8] |
Table 2: Ownership and Parent Company Information
| Parent company | Parent company PermID | Parent company GEM ID | Owner | Owner company PermID | Owner company GEM ID |
|---|---|---|---|---|---|
| Hyundai Steel Co [100%] | 4295881064 [100%] | E100001010263 [17.3%]; E100001010264 [11.8%]; E100001010265 [6.9%] | Hyundai Steel Co[9] | 4295881064 | E100001010262 |
Table 3: Process and Products
| Steel product category | Steel products | Steel sector end users | ISO 14001 | ISO 50001 | Main production equipment | Detailed production equipment |
|---|---|---|---|---|---|---|
| finished rolled[9] | rebar, H-sections, heavy machinery[6] | building and infrastructure; transport[9] | yes[10] | yes[10] | EAF[9] | 7 EAF (90-tonne, 1994; 120-tonne, 1998; others unknown)[9][11][12][13] |
Table 4: Crude Steel Production Capacities (thousand tonnes per annum)
| Capacity operating status* | Electric arc furnace steelmaking capacity | Nominal crude steel capacity (total) |
|---|---|---|
| operating | 4700 TTPA[9][14][12][9][14][12][9][14][12][9][14][12][9][14][12][9][14][12][9][14][12] | 4700 TTPA[9][14][12][9][14][12][9][14][12][9][14][12][9][14][12][9][14][12][9][14][12] |
Table 5: Actual Crude Steel Production by Year (thousand tonnes per annum)
| Year | EAF Production | Total (all routes) |
|---|---|---|
| 2020 | 3722 TTPA[11] | 3722 TTPA |
| 2021 | 3596 TTPA[15] | 3596 TTPA |
| 2022 | 3882 TTPA[16] | 3882 TTPA |
Articles and Resources
Additional data
To access additional data, including an interactive map of steel power plants, a downloadable dataset, and summary data, please visit the Global Steel Plant Tracker on the Global Energy Monitor website.
References
- ↑ "History l About Us | HYUNDAI STEEL". www.hyundai-steel.com (in 한국어). Retrieved 2023-12-04.
- ↑ "Hyundai Steel's Incheon plant reaches 100Mt output". Steel Times International. Retrieved 2023-12-04.
- ↑ Seok-min, Oh (2023-02-16). "S. Korea to create 150 bln-won fund for steelmakers' low-carbon transition". Yonhap News Agency. Retrieved 2023-12-01.
- ↑ "Hyundai Steel seeks to shut down Pohang plant | SEAISI". www.seaisi.org. Retrieved 2025-01-06.
- ↑ "Sunstainability Management Report | Sunstainability | HYUNDAI STEEL". www.hyundai-steel.com (in 한국어). Retrieved 2025-01-06.
- ↑ 6.0 6.1 https://web.archive.org/web/20220122092136/https://www.hyundai-steel.com/en/aboutus/corporateoverview/locations.hds. Archived from the original on 22 January 2022.
{{cite web}}: Missing or empty|title=(help) - ↑ https://web.archive.org/web/20220114113901/https://www.hyundai-steel.com/en/aboutus/corporateoverview/history.hds. Archived from the original on 14 January 2022.
{{cite web}}: Missing or empty|title=(help) - ↑ (PDF) https://web.archive.org/web/20230125143440/https://esg.hyundai-steel.com/pdf_file/2022_HyundaiSteel_eng.pdf. Archived from the original (PDF) on 25 January 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ 9.00 9.01 9.02 9.03 9.04 9.05 9.06 9.07 9.08 9.09 9.10 9.11 9.12 9.13 9.14 9.15 9.16 9.17 9.18 https://web.archive.org/web/20240125055116/https://www.hyundai-steel.com/en/aboutus/corporateoverview/businessoverview.hds. Archived from the original on 25 January 2024.
{{cite web}}: Missing or empty|title=(help) - ↑ 10.0 10.1 (PDF) https://web.archive.org/web/20220803165355/https://www.lacp.com/2012vision/pdf/10710f.pdf. Archived from the original (PDF) on 03 August 2022.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ 11.0 11.1 (PDF) https://web.archive.org/web/20220120004029/https://esg.hyundai-steel.com/pdf_file/2021_HyundaiSteel_eng.pdf. Archived from the original (PDF) on 20 January 2022.
{{cite web}}: Missing or empty|title=(help) - ↑ 12.00 12.01 12.02 12.03 12.04 12.05 12.06 12.07 12.08 12.09 12.10 12.11 12.12 12.13 12.14 (PDF) https://web.archive.org/web/20230330144723/https://niobium.tech/-/media/NiobiumTech/Documentos/2019-Formula-E---Hong-Kong/NT_Hyundai-steels-challenge-of-nb-bearing-automotive-lighter-steel-for-ev.pdf. Archived from the original (PDF) on 30 March 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ (PDF) https://www.hyundai-steel.com/en/down/ProductsGuide_API.pdf.
{{cite web}}: Missing or empty|title=(help) - ↑ 14.00 14.01 14.02 14.03 14.04 14.05 14.06 14.07 14.08 14.09 14.10 14.11 14.12 14.13 (PDF) https://web.archive.org/web/20220713032443/https://pubs.usgs.gov/myb/vol3/2017-18/myb3-2017-18-korea-south.pdf. Archived from the original (PDF) on 13 July 2022.
{{cite web}}: Missing or empty|title=(help) - ↑ https://www.steelmint.com/insights/South-Korea-Hyundai-Steel-s-crude-steel-production-sales-dip-in-CY-22-406930.
{{cite web}}: Missing or empty|title=(help) - ↑ https://www.hyundai-steel.com/en/sustainability/managementreport.hds#.
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