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Kicks Off Operation of Blast Furnace Unit 3 to Become World’s 11th-largest Steelmaker
Hyundai Steel
Kicks Off Operation of Blast Furnace Unit 3 to Become World’s 11th-largest Steelmaker
  • By matthew
  • September 16, 2013, 05:28
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Hyundai Motor Group Chairman Chung Mong-koo stokes the furnace at the opening ceremony for Blast Furnace Unit 3, Dangjin Steel Mill, on September 13.
Hyundai Motor Group Chairman Chung Mong-koo stokes the furnace at the opening ceremony for Blast Furnace Unit 3, Dangjin Steel Mill, on September 13.

 

Hyundai Steel, which built the first integrated steel mill in the world as a private-sector company, put into operation its third blast furnace unit on September 13. This increases crude steel production capacity to 24 million tons and makes Hyundai Steel the world’s 11th-largest steelmaker. 

The opening ceremony was held at the Third Furnace Plant located in Dangjin City, South Chungcheong Province. The ceremony was attended by Hyundai Motor Group Chairman Chung Mong-koo and Paul Wurth President Marc Solvi. Paul Wurth oversaw the engineering of the furnace. 

The new facility is capable of producing four million tons of molten metal a year, and it has the same size as each of the two furnaces currently in operation with an area of 5,250m3, a maximum diameter of 17m and a height of 110m. The new furnace is expected to contribute greatly to the company’s development and manufacturing of high-value-added products once the operation gets on track. It has increased Hyundai Steel’s blast furnace-based crude steel manufacturing capacity to 12 million tons, which is the same as its electric furnace-based capacity.