Hyundai Steel Pohang steel plant
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Hyundai Steel Pohang steel plant, also known as Kangwon Industrial, is a steel plant in Pohang, North Gyeongsang, South Korea that operates electric arc furnace (EAF) technology.
Location
The map below shows the exact location of the plant in Pohang, North Gyeongsang, South Korea:
- Location: 6363 Donghaean-ro, Nam-gu, Pohang City, Gyeonsangbuk-do, Republic of Korea
- Coordinates (WGS 84): 36.004981, 129.384829 (exact)
Background
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.[1]
In November 2024, Hyundai Steel announced its intentions to shut down No.2 factory in Pohang owing to deteriorating profitability of the steelmaking sector due to the sluggish construction market and the oversupply of low-priced steel products from China.[2] The annual rolling capacity is approximately 700 thousand tons accounting for 10% of the company's total annual production of steel bars and shapes.[3] The union opposed the plan. The company in December 2024, decided to postpone its decision to shut down its Pohang No. 2 plant.[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
| Workforce size | Power source |
|---|---|
| 1496[6] | unknown |
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 [100.0%] | 4295881064 [100.0%] | E100001010262 [100.0%] | Hyundai Steel Co [100%][7] | 4295881064 | E100001010262 [100%] |
Table 3: Process and Products
| Steel product category | Steel products | Steel sector end users | ISO 14001 | ISO 50001 | Main production equipment |
|---|---|---|---|---|---|
| finished rolled[7] | h-sections, rebar[8] | building and infrastructure, transport[7] | yes[9] | yes[9] | EAF |
Table 4: Plant-level Crude Steel Production Capacities (thousand tonnes per annum)
| Capacity operating status1 | Electric arc furnace steelmaking capacity | Nominal crude steel capacity (total) |
|---|---|---|
| operating | 3400[10][7][11] | 3400[10][7][11] |
Table 5: Actual Plant-level Crude Steel Production by Year (thousand tonnes per annum)
| Year | EAF production | Total (all routes) |
|---|---|---|
| 2019 | 3031[12] | 3031[12] |
| 2020 | 2126[13][12] | 2126[13][12] |
| 2021 | 2147[12][14] | 2147[12][14] |
| 2022 | 1947[12] | 1947[12] |
| 2023 | 1906[12] | 1906[12] |
Unit Details
Table 6: Electric Arc Furnace Details
| Unit name | Status | Current capacity (ttpa) | Current size (tonnes) |
|---|---|---|---|
| unknown EAF (1) | operating[10] | 680[10][11][7] | 100.0[10][15][7] |
| unknown EAF (2) | operating[10] | 680[10][11][7] | 100.0[10][15][7] |
| unknown EAF (3) | operating[10] | 680[10][11][7] | 100.0[10][15][7] |
| unknown EAF (4) | operating[10] | 680[10][11][7] | 100.0[10][15][7] |
| unknown EAF (5) | operating[10] | 680[10][11][7] | 100.0[10][15][7] |
Table 7: Electric Arc Furnace Feedstock Details
| Unit name | Scrap-based | % scrap |
|---|---|---|
| unknown EAF (1) | yes[13] | 100.00[10] |
| unknown EAF (2) | yes[13] | 100.00[10] |
| unknown EAF (3) | yes[13] | 100.00[10] |
| unknown EAF (4) | yes[13] | 100.00[10] |
| unknown EAF (5) | yes[13] | 100.00[10] |
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 Iron and Steel Tracker on the Global Energy Monitor website.
References
- ↑ 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". The Korea Times. 2024-11-14. Retrieved 2025-01-06.
- ↑ Min-hee, Jung (2024-11-15). "Hyundai Steel Shuts Down Pohang Plant 2 Due to Influx of Low-cost Chinese Steel Products". Businesskorea (in 한국어). Retrieved 2025-01-06.
- ↑ "About". www.daofortune.com. Retrieved 2025-01-06.
- ↑ "Sunstainability Management Report | Sunstainability | HYUNDAI STEEL". www.hyundai-steel.com (in 한국어). Retrieved 2025-01-06.
- ↑ (PDF) https://web.archive.org/web/20230125143440/https://esg.hyundai-steel.com/pdf_file/2022_HyundaiSteel_eng.pdf. Archived from the original (PDF) on 2023-01-25.
{{cite web}}: Missing or empty|title=(help) - ↑ 7.00 7.01 7.02 7.03 7.04 7.05 7.06 7.07 7.08 7.09 7.10 7.11 7.12 7.13 7.14 https://web.archive.org/web/20240125055116/https://www.hyundai-steel.com/en/aboutus/corporateoverview/businessoverview.hds. Archived from the original on 2024-01-25.
{{cite web}}: Missing or empty|title=(help) - ↑ https://web.archive.org/web/20220122092136/https://www.hyundai-steel.com/en/aboutus/corporateoverview/locations.hds. Archived from the original on 2022-01-22.
{{cite web}}: Missing or empty|title=(help) - ↑ 9.0 9.1 (PDF) https://web.archive.org/web/20220803165355/https://www.lacp.com/2012vision/pdf/10710f.pdf. Archived from the original (PDF) on 2022-08-03.
{{cite web}}: Missing or empty|title=(help) - ↑ 10.00 10.01 10.02 10.03 10.04 10.05 10.06 10.07 10.08 10.09 10.10 10.11 10.12 10.13 10.14 10.15 10.16 10.17 10.18 10.19 10.20 10.21 (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 2023-03-30.
{{cite web}}: Missing or empty|title=(help) - ↑ 11.0 11.1 11.2 11.3 11.4 11.5 11.6 (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 2022-07-13.
{{cite web}}: Missing or empty|title=(help) - ↑ 12.0 12.1 12.2 12.3 12.4 12.5 12.6 12.7 12.8 12.9 https://web.archive.org/web/20240125053843/https://www.hyundai-steel.com/en/sustainability/managementreport.hds. Archived from the original on 2024-01-25.
{{cite web}}: Missing or empty|title=(help) - ↑ 13.0 13.1 13.2 13.3 13.4 13.5 13.6 (PDF) https://web.archive.org/web/20220120004029/https://esg.hyundai-steel.com/pdf_file/2021_HyundaiSteel_eng.pdf. Archived from the original (PDF) on 2022-01-20.
{{cite web}}: Missing or empty|title=(help) - ↑ 14.0 14.1 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) - ↑ 15.0 15.1 15.2 15.3 15.4 https://web.archive.org/web/20240923213857/https://www.steelorbis.com/steel-news/latest-news/hyundai-steel-temporarily-halts-two-eafs-to-reduce-inventory-1249726.htm. Archived from the original on 23 September 2024.
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