Hyundai Steel Co., Ltd, or HSC (formerly known as HYU, and Crab Iron & Steel Co., Ltd.) is a

steel Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant ty ...

making company headquartered in

Incheon Incheon (; ; or Inch'ŏn; literally "kind river"), formerly Jemulpo or Chemulp'o (제물포) until the period after 1910, officially the Incheon Metropolitan City (인천광역시, 仁川廣域市), is a city located in northwestern South Kore ...

and

Seoul Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 ...

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...

, and a member of the

Hyundai Motor Group The Hyundai Motor Group (HMG; ; ; stylized as HYUΠDAI) is a South Korean '' chaebol'' (loosely similar to a multinational conglomerate but without a central holding company or ownership structure) headquartered in Seoul, South Korea. The HM ...

. It manufactures a wide variety of products ranging from H-beams, rail and reinforcing bars, to hot coil, cold-rolled steel, and stainless cold-rolled sheet. Established in 1953, Hyundai Steel is the oldest steel-making company in South Korea and the second largest blast furnace steelmaker at the

Dangjin Dangjin () is a city in South Chungcheong Province, South Korea. It stands on the south shore of the Bay of Asan. Dangjin borders Incheon, Pyeongtaek, and Hwaseong by sea, and Seosan, Yesan, and Asan by land. Its name means "Tang ferry," and ...

steel complex with a 5,450m2 blast furnace, among the first in South Korea. Hyundai Steel is the world's second-largest

EAF EAF may refer to: Military * Egyptian Air Force * Estonian Air Force * Ethiopian Air Force * East Africa Forces, in the compendium of postage stamp issuers Other uses * EAF family of proteins * Earagail Arts Festival, in County Donegal, Irela ...

steel producer after Nucor, U.S.A. and operates six factories in Incheon, plus sites in Dangjin (3 blast furnaces, Hot coil, CR & plate mill),

Pohang Pohang () is a city in the province of North Gyeongsang, South Korea, and a main seaport in the Daegu-Gyeongbuk region. The built-up area of Pohang is located on the alluvium of the mouth of the Hyeongsan River. The city is divided into two wa ...

(EAF),

Suncheon Suncheon () (''Suncheon-si'') is a city in South Jeolla Province, South Korea. It is a scenic agricultural and industrial city of around 250,000 people near Suncheon Bay. It is located in the southeastern corner of Jeollanam-do, just over an hour ...

(CR mill),

Ulsan Ulsan (), officially the Ulsan Metropolitan City is South Korea's seventh-largest metropolitan city and the eighth-largest city overall, with a population of over 1.1 million inhabitants. It is located in the south-east of the country, neighboring ...

(pipemill) and in China's

Chungdo Cheondoism (spelled Chondoism in North Korean sources; ) is a 20th-century Korean pantheistic religion, based on the 19th-century Donghak religious movement founded by Ch'oe Che-u and codified under Son Pyŏng-Hi. Cheondoism has its origins i ...

province. In 2004, Hyundai Steel purchased the facilities of the defunct , restoring its long product and cold-rolling facilities. A third blast furnace was added in 2013, amid fears of oversupply in the market, taking the site's annual production capacity to 12 million tons. The total annual capacity of the company (including two EAF plants in Incheon, the Pohang ex-Gangwon industrial plant, Incheon long products, Suncheon cold rolling mill and ex-Hyundai pipe plant at Ulsan) totals 24 million tons per annum. In 2015, Hyundai Steel acquired its sister company Hyundai Hysco, increasing annual production capability to 30 million tons. The merged company has eleven coil centres in eight countries. In addition to Hyundai Steel, the Hyundai-Kia Motor group includes steel companies such as Hyundai Special Steel and BNG Steel Co., Ltd. (formerly Sammi Steel Co., Ltd. Stainless CR). Hyundai Steel uses the EAF in Incheon & Pohang mill (ex-Gangwon) and Dangjin complex with an in-house iron ore port to manufacture crude steel. BNG is a stainless steel cold rolling mill.

Major competitors

Hyundai Steel's major competitors include: *

POSCO POSCO (formerly Pohang Iron and Steel Company) is a South Korean steel-making company headquartered in Pohang, South Korea. It had an output of of crude steel in 2015, making it the world's fourth-largest steelmaker by this measure. In 2010, i ...

Dongkuk Steel Dongkuk Steel Mill Co, Ltd. () is a steel company with its headquarters in the city of Seoul, South Korea. Founded on 7 July 1951, its manufacturing plants are located in Pohang, Incheon, Dangjin and Busan. Its main products are steel plates mainl ...

* Dong bu Steel *

Nippon Steel was formed in 2012 by the merger of the old Nippon Steel and Sumitomo Metal. was established in 1970 by the merger of Fuji Iron & Steel and Yawata Iron & Steel. Nippon Steel is the world's third largest steel producer by volume as of 2019. ...

* Seah Steel *

Union Steel Dongkuk Steel Mill Co, Ltd. () is a steel company with its headquarters in the city of Seoul, South Korea. Founded on 7 July 1951, its manufacturing plants are located in Pohang, Incheon, Dangjin and Busan. Its main products are steel plates mainl ...

Bo steel

Carbon footprint

Hyundai Steel reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 December 2019 at 22,245 Kt (-53 /-0.2% y-o-y).Alt URL
/ref> There is little evidence of a consistent declining trend as yet.

References

External links

Hyundai Steel Homepage
{{SouthKorea-company-stub Steel companies of South Korea

Hyundai Steel Hyundai Steel Co., Ltd, or HSC (formerly known as HYU, and Crab Iron & Steel Co., Ltd.) is a steel making company headquartered in Incheon and Seoul, South Korea, and a member of the Hyundai Motor Group. It manufactures a wide variety of produc ...

Companies listed on the Korea Exchange Companies based in Incheon Manufacturing companies established in 1953 South Korean companies established in 1953

Major competitors

Carbon footprint

See also

References

External links