Hyundai Steel

Last updated
Hyundai Steel Co., Ltd.
현대제철
Company type Public
KRX: 004020
Industry Automotive
Steel
Founded1953;71 years ago (1953)
Headquarters,
Area served
Worldwide
Key people
An Tong-il (President & CEO)
ProductsSteel
RevenueIncrease2.svg US$ 14.4 Billion (2016) [1]
Won 1,304,161 million (2011) [1]
Increase2.svg US$ 706 Million (2016)
Parent Hyundai Motor Group
Website www.hyundai-steel.com

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 products ranging from H-beams, rail and reinforcing bars, to hot coil, cold-rolled steel, and stainless cold-rolled sheet.[ citation needed ]

Contents

Established in 1953, Hyundai Steel is the oldest steel-making company in South Korea [2] and the second largest blast furnace steelmaker at the Dangjin steel complex with a 5,450m2 blast furnace, among the first in South Korea. [3] [4]

Hyundai Steel is the world's second-largest EAF steel producer after Nucor, U.S.A. [5] and operates six factories in Incheon, plus sites in Dangjin (3 blast furnaces, Hot coil, CR & plate mill), Pohang (EAF), and Suncheon (CR mill). [6]

In 2004, Hyundai Steel purchased the facilities of the defunct Hanbo Steel  [ ko ], 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. [7] 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. [8]

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:

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). [9] There is little evidence of a consistent declining trend as yet.

Hyundai Steel's annual Total CO2e emissions (Direct + Indirect) (in kilotonnes)
Dec 2016Dec 2017Dec 2018Dec 2019
21,275 [10] 21,479 [11] 22,298 [12] 22,245 [9]

See also

Related Research Articles

<span class="mw-page-title-main">SSAB</span> Global steel company

SSAB AB, earlier Svenskt Stål AB is a Swedish company, formed in 1978, that specialises in producing steel. The largest shareholders are LKAB and the Government of Finland.

<span class="mw-page-title-main">POSCO</span> South Korean steel-making company

POSCO is a South Korean steel manufacturer headquartered in Pohang, South Korea. It had an output of 42,000,000 metric tons of crude steel in 2015, making it the world's sixth-largest steelmaker by this measure. In 2010, it was the world's largest steel manufacturing company by market value. Also, in 2012, it was named as the world's 146th-largest corporation by the Fortune Global 500.

<span class="mw-page-title-main">Dangjin</span> City in South Chungcheong, South Korea

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 refers to the historic role of Dangjin's harbor in connecting Korea to the other side of the Yellow Sea. This role continues to be important in the city's economy, which relies on a mixture of agriculture and heavy industry. The city has the same Hanja name (唐津市) as Karatsu in Saga Prefecture, Japan.

<span class="mw-page-title-main">Steel mill</span> Plant for steelmaking

A steel mill or steelworks is an industrial plant for the manufacture of steel. It may be an integrated steel works carrying out all steps of steelmaking from smelting iron ore to rolled product, but may also be a plant where steel semi-finished casting products are made from molten pig iron or from scrap.

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 mainly for shipbuilding, beams, sections, and bars mainly for construction. Dongkuk Steel Mill is Korea's second largest EAF steel producer behind Hyundai Steel. Dongkuk Steel is the parent company of the Dongkuk Steel Group with several subsidiaries, including Union Steel.

<span class="mw-page-title-main">Ironworks</span> Building or site where iron is smelted

An ironworks or iron works is an industrial plant where iron is smelted and where heavy iron and steel products are made. The term is both singular and plural, i.e. the singular of ironworks is ironworks.

<span class="mw-page-title-main">Saldanha Steel</span> South African steel company

Saldanha Steel was a South African steel company originally formed as a partnership between Iscor Limited and the Industrial Development Corporation (IDC). Saldanha Steel is now part of ArcelorMittal South Africa, which in turn is part of global steel company ArcelorMittal. The mill was shut down and mothballed in 2020 resulting in the loss of 1500 jobs.

<span class="mw-page-title-main">Novolipetsk Steel</span> Steel company

Novolipetsk Steel, or NLMK, is one of the four largest steel companies in Russia. NLMK's share of domestic crude steel production is about 21%. It primarily produces flat steel products, semi-finished steel products and electrical steels. NLMK also produces specialty coated steels, plus high-ductility and micro-alloyed steels. It is the 21st-largest steel maker in the world. The larger NLMK group owns a number of other steel and mining industries, mostly in Russia.

<span class="mw-page-title-main">Hyundai Hysco</span>

Hyundai Hysco Co., Ltd. was a steel company of Hyundai Motor Group, headquartered in Ulsan, South Korea. Hysco produced automotive steel sheet products and various steel pipes. The company was merged with Hyundai Steel in July 2015.

<span class="mw-page-title-main">JFE Steel</span> Japanese steel company

JFE Steel is the second largest Japanese steel manufacturer. The company was created in 2002 through the merger of the steel manufacturing business of Kawasaki Steel and NKK. It is owned by JFE Holdings, which is listed on the Tokyo Stock Exchange.

<span class="mw-page-title-main">China Steel</span> Taiwanese steelmaker

China Steel Corporation is the largest integrated steel maker in Taiwan. Its main steel mill is located in Siaogang District, Kaohsiung. The corporation and its sister companies are administrated under the CSC Group. According to the International Iron and Steel Institute (IISI), China Steel is the 23rd largest steel producer in the world in 2016.

VISA Steel Limited is a mineral and metals company situated in the Kalinganagar industrial complex of Jajpur Odisha, India with a 1.5 million ton integrated special and stainless steel manufacturing plant. VISA Steel has its registered office in Bhubaneswar, corporate office in Kolkata and branch offices across India. A listed company, VISA Steel's shares are traded on the BSE and NSE.

<span class="mw-page-title-main">McLouth Steel</span> Former integrated steel mill in Trenton, Michigan

McLouth Steel is a former integrated steel company. The company was once the ninth-largest steelmaker in the United States.

<span class="mw-page-title-main">Nippon Steel</span> Japanese steelmaker

Nippon Steel Corporation is Japan's largest steelmaker, headquartered in Chiyoda-ku, Tokyo. The company has four business segments, including steelmaking, engineering, chemicals, and system solutions. It is the largest producer of crude steel in Japan and the third largest in the world. The company is on the Forbes Global 2000 list, ranked 1971 in 2023. The company is the second incarnation of the Nippon Steel name, following the original Nippon Steel Corporation which was formed from the merger of Yamata Iron & Steel with Fuji Iron & Steel in 1950 and lasted until 2012.

<span class="mw-page-title-main">Usine Gustave Boël</span> Steel works located in La Louvière, Belgium

The SA Usine Boel was a steel works located in La Louvière, Belgium, founded in 1851 as Fonderies et Laminoirs Ernest Boucquéau. From 1880 the works became the property of Gustave Boël.

The 2021 season was Suwon Samsung Bluewings's 26th season in the K League 1 in South Korea. They competed in the 2021 K League 1 and the FA Cup.

The 2022 Korean FA Cup, known as the 2022 Hana 1Q FA Cup due to sponsorship agreement with Hana Bank, was the 27th edition of the Korean FA Cup.

The 2023 Korean FA Cup, known as the 2023 Hana 1Q FA Cup due to sponsorship agreement with Hana Bank, was the 28th edition of the Korean FA Cup. The winners qualified for the 2024–25 AFC Champions League Elite.

The 2024 Jeonbuk Hyundai Motors season is their 31st season in existence, and the 30th consecutive season in the K League 1. In addition to the league, the club will compete in the 2024 Korean FA Cup and in the 2024–25 AFC Champions League Two.

References

  1. 1 2 "Financials". Hyundai Steel. Archived from the original on 15 April 2014. Retrieved 10 March 2013.
  2. "History Hyundai Steel South Korea Seoul historic profile".
  3. "Hyundai Steel debuts 'H-Solution', largest in the world in Incheon to introduce future-oriented vehicle materials". 코리아포스트(영문) (in Korean). 2019-07-12. Retrieved 2020-01-28.
  4. History of Hyundai Steel] from 1953.
  5. overview/businessoverview.hds "About Our Businesses l About Us l HYUNDAI STEEL". www.hyundai-steel.com (in Korean). Retrieved 2020-11-02.{{cite web}}: Check |url= value (help)
  6. "국내 사업장 소개| 기업소개 | 현대제철". www.hyundai-steel.com (in Korean). Retrieved 2024-05-07.
  7. Jin, Hyunjoo (13 September 2013). "Hyundai Steel fires up 3rd blast furnace amid fears of over-supply". Reuters. Retrieved 9 December 2020.[ dead link ]
  8. "Hyundai Steel merges with Hysco". The Korea Times . 1 July 2015. Retrieved 9 December 2020.
  9. 1 2 "HYUNDAI Steel Company's Sustainability Report for 2020Q4". Archived from the original on May 12, 2021. Alt URL
  10. "Hyundai Steel's Sustainability Report for 2019Q4" (PDF). Archived from the original (PDF) on March 18, 2021. Alt URL
  11. "HYUNDAI Steel Company's Sustainability Report for 2020Q4". Archived from the original on May 12, 2021. Alt URL
  12. "HYUNDAI Steel Company's Sustainability Report for 2020Q4". Archived from the original on May 12, 2021. Alt URL