YK Steel Busan plant

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YK Steel Busan plant (YK스틸 (Korean)), also known as Kukdong Steel Industry (predecessor), Kumho Industry (predecessor), Hanbo Iron & Steel (predecessor), is an electric arc furnace (EAF) steel plant operating in Busan, South Gyeongsang, South Korea.

Location

The map below shows the exact location of the plant in Busan, South Gyeongsang, South Korea:

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• Location: 760, Eulsukdo-daero, Saha-gu, Busan, 49456, Republic of Korea
• Coordinates (WGS 84): 35.083819, 128.989034 (exact)

Background

Kukdon Steel Industry was founded un August 1958 and relocated to the current site in Busan in December 1966. The company became YK Steel Corp in December 2002. In 2020, Daehan Steel acquired the steel manufacturing facilities and sales business, while the Yamato Kogyo Group maintains ownership of the land for the Busan plant. Daehan Steel acquired 51% stake in YK Steel Corp by September 2020 and increased its stake to 70% by August 2021.

Given the development of the area to a residential area, there were plans to relocate the plant to Dangjin. In January 2022, an agreement was signed between the company and German engineering firm SMS group for development of Dangjin plant with new equipment provided by SMS group. Reports suggest that the company has decided against relocating the Busan plant and has decided to build a completely new plant at the Dangjin site.

Plant Details

Table 1: General Plant Details

Plant status	Start date	Workforce size
Operating	1966	336

Table 2: Ownership and Parent Company Information

Parent company	Parent company PermID	Parent company GEM ID	Owner	Owner company PermID	Owner company GEM ID
Daehan Steel Co Ltd [70.0%]; Yamato Kogyo Co Ltd [30.0%]	4295882647 [70%]; 4295878941 [30%]	E100001010335 [70%]; E100001010196 [30%]	YK Steel Corp	5044252671	E100000131021

Table 3: Process and Products

Steel product category	Steel products	Steel sector end users	Main production equipment	Detailed production equipment
semi-finished; finished rolled	rebar, billet	building and infrastructure	EAF	2 EAF (1x30-tonne began in 1974, 1x70-tonne began in 1980)

Table 4: Crude Steel Production Capacities (thousand tonnes per annum)

*Please see our Frequently Asked Questions page for an explanation of the different capacity operating statuses.

Capacity operating status*	Electric arc furnace steelmaking capacity	Nominal crude steel capacity (total)
operating	2110 TTPA	2110 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.

Resources

• Company website