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Type | Public |
---|---|
KRX: 004020 | |
Industry | Automotive Steel |
Founded | 1953 |
Headquarters | , |
Area served | Worldwide |
Key people | An Tong-il (President & CEO) |
Products | Steel |
Revenue | US$ 14.4 Billion (2016) [1] |
Won 1,304,161 million (2011) [1] | |
US$ 706 Million (2016) | |
Parent | Hyundai Motor Group |
Website | www |
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 ]
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), Suncheon (CR mill), Ulsan (pipemill) and in China's Chungdo province.[ citation needed ]
In 2004, Hyundai Steel purchased the facilities of the defunct Hanbo Steel , 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. [6] 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. [7]
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.
Hyundai Steel's major competitors include:
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). [8] There is little evidence of a consistent declining trend as yet.
Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 |
---|---|---|---|
21,275 [9] | 21,479 [10] | 22,298 [11] | 22,245 [8] |
POSCO is a South Korean steel-making company 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.
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.
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.
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.
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