Hyundai Steel
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.