KG Dongbu Steel Dangjin steel plant
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KG Dongbu Steel Dangjin steel plant, also known as Kage Dongbu Steel Dangjin; Keiji Dongbu Steel Dangjin; Asan Bay Works, is an electric arc furnace (EAF) steel plant operating pre-retirement in Dangjin, South Chungcheong, South Korea.
Location
The map below shows the exact location of the plant in Dangjin, South Chungcheong, South Korea:
- Location: 1228, Bukbusaneop-ro, Songak-eup, Dangjin-si, Chungcheongnam-do, Republic of Korea
- Coordinates (WGS 84): 36.983721, 126.744755 (exact)
Background
The construction of the Dangjin factory was completed in 1999. The steel meltshop comprising two 160 ton electric arc furnaces (EAF) was inaugurated in July 2009.[1] Dongbu Steel went through a corporate workout program in 2015 and had been up for sale for five years until KG group acquired it in April 2019.[2] The company changed its name to KG Dongbu Co Ltd in March 2020 and to KG Steel Co Ltd in March 2022.[3]
In 2016, Pulse News of the Maekyung Media Group reported that equipment from the Dongbu Steel Dangjin steel plant would be sold off to Iran.[4] The attempt failed then, but its EAF units were sold to Liberty group for installation at its Romania-based Galati steelworks in November 2022.[5] As of February 2023, Liberty Steel studying the feasibility of relocating the equipment from South Korea to their Galati plant.[6] In February 2024, all of the Purchaser's rights and obligations were transferred to Liberty Primary Metals Australia Pty Limited, and the Purchaser holds an option related to the transfer of the hot rolling electric furnace facility, which may increase the sale price. The exercise date of the option is March 29, 2024.[7]
Plant Details
Table 1: General Plant Details
| Plant status | Start date | Pre-retirement announcement date | Workforce size |
|---|---|---|---|
| Operating pre-retirement[8] | 1999[9][10] | 2022-11-29[8] | 597[11][12] |
Table 2: Ownership and Parent Company Information
| State-owned entity status | Parent company | Parent company PermID | Parent company GEM ID | Owner | Owner company PermID | Owner company GEM ID |
|---|---|---|---|---|---|---|
| Partial | KG Dongbu Steel Co Ltd [100%] | 4295880978 [100%] | E100001012482 [40%]; E100001012484 [18.5%]; E100001000730 [5%] | KG Dongbu Steel Co Ltd[13] | 4295880978 | E100000130715 |
Table 3: Process and Products
| Steel product category | Steel products | Steel sector end users | ISO 14001 | Main production equipment | Detailed production equipment |
|---|---|---|---|---|---|
| semi-finished; finished rolled[14] | bar, cold-rolled strip, sheet, H-beam, wire[14] | building and infrastructure[15] | yes[13] | EAF[16] | 2 EAF (2x 160-tonne; began in 2009; sold to Liberty steel in 2022-11)[17][18][19] |
Table 4: Crude Steel Production Capacities (thousand tonnes per annum)
| Capacity operating status* | Electric arc furnace steelmaking capacity | Nominal crude steel capacity (total) |
|---|---|---|
| operating pre-retirement | 3000 TTPA[17][18][17][18] | 3000 TTPA[17][18][17][18] |
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
- ↑ "Dongbu Steel Begins Producing Hot Strips". koreatimes. 2009-07-01. Retrieved 2023-12-01.
- ↑ "KG Group to acquire Dongbu Steel". koreatimes. 2019-04-04. Retrieved 2023-12-01.
- ↑ v-w. "KG Steel". www.kg-steel.co.kr (in kanuri). Retrieved 2025-01-08.
- ↑ "S. Korea's Dongbu Steel creditors opt to sell off Dangjin plant's hot-rolled steel electric furnace to Iran". Pulse News (in 한국어). 2016-03-10. Retrieved 2022-04-13.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Liberty acquires Dongbu EAF, strip mill for Galati - EUROMETAL". 2022-11-29. Retrieved 2023-12-01.
- ↑ "Romanian steelmaker Liberty Galati to restart its only blast furnace in March - EUROMETAL". 2023-02-22. Retrieved 2023-12-06.
- ↑ v-w. "KG Steel". www.kg-steel.co.kr (in kanuri). Retrieved 2025-01-08.
- ↑ 8.0 8.1 https://www.recyclingtoday.com/news/liberty-steel-acquires-korean-dongbu-steel-plant/.
{{cite web}}: Missing or empty|title=(help) - ↑ https://web.archive.org/web/20200129161810/http://www.dongbuthaisteel.com:80/page/about-dongbu-steel. Archived from the original on 29 January 2020.
{{cite web}}: Missing or empty|title=(help) - ↑ https://web.archive.org/web/20210801135145/http://www.dongbucolor.com/html/A00.history.html. Archived from the original on 01 August 2021.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ https://web.archive.org/web/20220905021214/https://kg-steel.co.kr/html/COMPANY.html. Archived from the original on 05 September 2022.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ https://www.emis.com/php/company-profile/KR/Dongbu_Incheon_Steel_CoLtd_en_4269212.html#:~:text=was%20incorporated%20on%20May%2001drop%20of%203.92%25%20in%202018.
{{cite web}}: Missing or empty|title=(help) - ↑ 13.0 13.1 https://web.archive.org/web/20240125055233/https://kg-steel.co.kr/html/COMPANY.html. Archived from the original on 25 January 2024.
{{cite web}}: Missing or empty|title=(help) - ↑ 14.0 14.1 https://web.archive.org/web/20220204140413/http://www.kosa.or.kr/sub/eng/member/member_product_list.jsp. Archived from the original on 04 February 2022.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ (PDF) https://www.dongbusteel.com/_res/en/etc/KG_DongbuSteel_ColdRolled_Galvanized_catalogue_EN.pdf.
{{cite web}}: Missing or empty|title=(help) - ↑ https://web.archive.org/web/20220124090544/https://pulsenews.co.kr/view.php?year=2016&no=185694. Archived from the original on 24 January 2022.
{{cite web}}: Missing or empty|title=(help) - ↑ 17.0 17.1 17.2 17.3 17.4 https://www.steelorbis.com/steel-news/latest-news/liberty-steel-to-purchase-dongbu-steel-plant-in-s-korea-for-installation-in-romania-1269296.htm.
{{cite web}}: Missing or empty|title=(help) - ↑ 18.0 18.1 18.2 18.3 18.4 https://web.archive.org/web/20221129220941/https://libertysteelgroup.com/ro/news/liberty-signs-agreement-to-purchase-plant-and-equipment-from-kg-steel/?lang=en. Archived from the original on 29 November 2022.
{{cite web}}: Missing or empty|title=(help) - ↑ (PDF) https://web.archive.org/web/20220119212404/https://www.industry.gov.au/sites/default/files/adc/public-record/005_-_exporter_questionnaire_response_-_dongbu_steel_-_attachment_1.pdf. Archived from the original (PDF) on 19 January 2022.
{{cite web}}: Missing or empty|title=(help)
