SEOUL, June 10 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, said Friday that it has completed a 370 billion won (US$293 million) project to transform the No. 4 blast furnace into a smart and eco-friendly furnace. The steelmaker held a blow-in ceremony for the blast furnace earlier in the day after the 18-month work [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korean steelmaker POSCO’s No. 1 blast furnace, which served as a cornerstone for the nation’s economic development as well as a cradle of the nation’s steel history, has shut down after 48 years of service. On Wednesday, POSCO held a closing ceremony for the blast furnace in the [...]
SEOUL, Dec. 23 (Korea Bizwire) — Hyundai Steel Co., South Korea’s No. 2 steelmaker, has developed the world’s first technology to fully block air pollutants emitted from blast furnaces, successfully introducing them to the actual steelmaking process. The company said Tuesday it had installed clean gas valves for furnace shutdowns or re-feeding hot blasts to [...]
SEOUL, July 23 (Korea Bizwire) — South Korea’s oldest blast furnace, in operation for close to 50 years, will be closed. At the Q2 performance brief held on Tuesday, South Korean steelmaker POSCO announced its plan to shut down Pohang Blast Furnace No. 1 in Pohang, about 375 kilometers southeast of Seoul, next year. Pohang [...]
POHANG, South Korea, Jan. 10 (Korea Bizwire) – POSCO’s Pohang 1-Goro, or Pohang Blast Furnace No.1, began operations in June 1973. It is symbolic of the history of Korea’s steel production, which became the nation’s key industrial asset, and the unparalleled economic development over the past half-decade. It is currently the longest-operating blast furnace in [...]