YK Steel Busan plant
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YK Steel Busan plant (YK스틸), also known as Kukdong Steel Industry (predecessor), Kumho Industry (predecessor), Hanbo Iron & Steel (predecessor), is a steel plant in Busan, South Gyeongsang, South Korea that operates electric arc furnace (EAF) technology.
Location
The map below shows the exact location of the plant in Busan, South Gyeongsang, South Korea:
- 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.[1] 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.[2][3] Daehan Steel acquired 51% stake in YK Steel Corp by September 2020[4] and increased its stake to 70% by August 2021.[5]
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.[6] 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.[7][8]
In July 2024, it was reported that YK Steel has decided to postpone relocation of the Busan plant to Dangjin to 2027 due to difficulties in securing a power grid.[9]
Plant Details
Table 1: General Plant Details
| Start date | Pre-retirement announcement date | Retired date | Workforce size | Power source |
|---|---|---|---|---|
| 1966[10] | 2021[11] | 2027[12][13] | 336[14] | 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 |
|---|---|---|---|---|---|
| Daehan Steel Co Ltd [70.0%]; Yamato Kogyo Co Ltd [30.0%] | 4295882647 [70.0%]; 4295878941 [30.0%] | E100001010335 [70.0%]; E100001010196 [30.0%] | YK Steel Corp [100%][14] | 5044252671 | E100000131021 [100%] |
Table 3: Process and Products
| Steel product category | Steel products | Steel sector end users | ISO 14001 | Main production equipment |
|---|---|---|---|---|
| semi-finished, finished rolled[14] | billet, rebar[14] | building and infrastructure[14] | 2022-08-23[15] | 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 | 930[14][16] | 930[14][16] |
Table 5: Actual Plant-level Crude Steel Production by Year (thousand tonnes per annum)
| Year | EAF production | Other/unknown steel production | Total (all routes) |
|---|---|---|---|
| 2019 | unknown | unknown | – |
| 2020 | unknown[17] | >0[17] | –[17] |
| 2021 | 902[18] | –[18] | 902[18] |
| 2022 | 772[18] | –[18] | 772[18] |
| 2023 | 627[18] | –[18] | 627[18] |
Unit Details
Table 6: Electric Arc Furnace Details
| Unit name | Status | Start date | Retired date | Current capacity (ttpa) | Current size (tonnes) |
|---|---|---|---|---|---|
| unknown EAF (1) | operating[19] | 1974[20] | 2027[13] | 279[16][14] | 30.0[20] |
| unknown EAF (2) | operating[19] | 1980[20] | 2027[13] | 651[16] | 70.0[20] |
Table 7: Electric Arc Furnace Feedstock Details
| Unit name | Scrap-based | % scrap |
|---|---|---|
| unknown EAF (1) | yes[20] | 100.00[20] |
| unknown EAF (2) | yes[20] | 100.00[20] |
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
- ↑ "::YK Steel::세계로 뻗어가는 YK Steel입니다". www.yk-steel.co.kr. Retrieved 2023-12-06.
- ↑ Kim, Maru (2023-03-25). "YK Steel's Busan Plant Site: A Potential Residential Development in the Making". Breeze In Busan. Retrieved 2023-12-07.
- ↑ "South Korea's Daehan formalizes SMS deal for Dangjin works | SEAISI". www.seaisi.org. Retrieved 2023-12-07.
- ↑ MarketScreener (2020-09-08). "Daehan Steel Co., Ltd. completed the acquisition of 51% stake in steel products manufacturing and sales business of YK Steel Corp. -September 07, 2020 | MarketScreener". www.marketscreener.com. Retrieved 2023-12-07.
- ↑ MarketScreener (2021-08-02). "Daehan Steel Co., Ltd. agreed to acquire an additional 11.8% stake in YK Steel Corp. -August 01, 2021 | MarketScreener". www.marketscreener.com. Retrieved 2023-12-07.
- ↑ "South Korea's Daehan formalizes SMS deal for Dangjin works | SEAISI". www.seaisi.org. Retrieved 2023-12-07.
- ↑ "South Korea's YK Steel invests in new rebar mill". www.steelorbis.com. Retrieved 2023-12-07.
- ↑ "YK Steel Turns to SMS group for Rebar Mill". AIST. 13 February, 2023. Retrieved 07 December, 2023.
{{cite web}}: Check date values in:|access-date=and|date=(help)CS1 maint: url-status (link) - ↑ "S. Korea's YK Steel postpones relocation plan to 2027 amid power grid difficulties". www.steelorbis.com. Retrieved 2025-01-06.
- ↑ https://web.archive.org/web/20220114114117/http://www.yk-steel.co.kr/eng2/?target_page. Archived from the original on 2022-01-14.
{{cite web}}: Missing or empty|title=(help) - ↑ https://www.sms-group.com/press-and-media/press-releases/press-release-detail/sms-to-supply-rebar-minimill-to-yk-steel-in-korea.
{{cite web}}: Missing or empty|title=(help) - ↑ https://www.seaisi.org/details/22491?type=news-rooms.
{{cite web}}: Missing or empty|title=(help) - ↑ 13.0 13.1 13.2 https://www.steelorbis.com/steel-news/latest-news/s-koreas-yk-steel-postpones-relocation-plan-to-2027-amid-power-grid-difficulties-1350119.htm.
{{cite web}}: Missing or empty|title=(help) - ↑ 14.0 14.1 14.2 14.3 14.4 14.5 14.6 14.7 https://web.archive.org/web/20220112163746/http://www.yk-steel.co.kr/eng2/?target_page. Archived from the original on 2022-01-12.
{{cite web}}: Missing or empty|title=(help) - ↑ https://web.archive.org/web/20241007162316/https://www.idaehan.com/en/aboutus/history/1999. Archived from the original on 2024-10-07.
{{cite web}}: Missing or empty|title=(help) - ↑ 16.0 16.1 16.2 16.3 https://en.ykscorp.kr/domestic_sub02.
{{cite web}}: Missing or empty|title=(help) - ↑ 17.0 17.1 17.2 https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20220317000844.
{{cite web}}: Missing or empty|title=(help) - ↑ 18.0 18.1 18.2 18.3 18.4 18.5 18.6 18.7 18.8 https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20240314001065.
{{cite web}}: Missing or empty|title=(help) - ↑ 19.0 19.1 https://web.archive.org/web/20220112202530/http://www.yk-steel.co.kr/eng2/?target_page. Archived from the original on 2022-01-12.
{{cite web}}: Missing or empty|title=(help) - ↑ 20.0 20.1 20.2 20.3 20.4 20.5 20.6 20.7 https://web.archive.org/web/20220124104121/http://www.yk-steel.co.kr/eng2/?target_page. Archived from the original on 2022-01-24.
{{cite web}}: Missing or empty|title=(help)
