SEOUL, Nov. 22 (Korea Bizwire) — South Korean steelmakers on Friday called for establishing a joint consultative body with the government to devise strategies for expected policy changes by the Donald Trump administration, the industry ministry said. Officials from major steelmakers, including POSCO and Hyundai Steel, made the call during a meeting with Industry Minister [...]
POHANG, Nov. 18 (Korea Bizwire) – A civic organization in Pohang, North Gyeongsang Province, has launched a public campaign to boost morale at local steel companies, hanging 20 encouraging banners across the city on November 16. The “People Making Happy Pohang” group, led by Park Je-seo, displayed 15 banners supporting POSCO and five supporting Hyundai Steel, [...]
SEOUL, Sept. 26 (Korea Bizwire) — Hyundai Steel Co., South Korea’s No. 2 steelmaker, decided Tuesday to set up a steel pipe subsidiary as part of efforts to boost competitiveness by streamlining its business portfolio. The plan, which was approved at a board meeting, calls for completing the establishment of the envisioned subsidiary by the [...]
SEOUL, Sept. 14 (Korea Bizwire) — Hyundai Steel Co., South Korea’s No. 2 steelmaker, said Tuesday it has succeeded in the trial production of a low-carbon emission high-end steel sheet that enables a significant reduction in carbon emissions during the production process. The company announced that it had succeeded in the trial production of 1.0 [...]
SEOUL, May 27 (Korea Bizwire) — Hyundai Steel Co., South Korea’s No. 2 steelmaker, said Thursday it will launch the production of high-end steel materials by establishing Hy-Cube, a new electric furnace-based steel production system. The Hy-Cube technology is based on a new-concept electric furnace called Hy-Arc, an upgraded version of an existing electric furnace [...]
SEOUL, Jan. 27 (Korea Bizwire) — Hyundai Steel Co., South Korea’s No. 2 steelmaker, said Wednesday it had developed a premium 1.5GPa martensitic (MS) steel plate to be used for eco-friendly vehicles. The premium 1.5GPa MS steel plate is flatter and has a higher crack resistance than any other in the same product category. Thanks [...]
SEOUL, Nov. 26 (Korea Bizwire) — Hyundai Steel Co., South Korea’s No. 2 steelmaker, said Wednesday that its first liquefied natural gas (LNG)-powered ship made its maiden voyage for the overseas transport of raw materials. The eco-friendly ship, named HL Oceanic, is scheduled to transport 2 million tons of iron ore and coal per year [...]
SEOUL, Sept. 27 (Korea Bizwire) – Samsung Electronics Co. and Hyundai Steel Co. said Monday they have developed a new technology that can reuse wastewater sludge created during the chip manufacturing process as a supplementary material in steelmaking. The two firms joined hands to develop a recycling technology utilizing calcium fluoride in semiconductor wastewater sludge [...]
SEOUL, May 31 (Korea Bizwire) — South Korean steelmakers have raised automotive steel prices for the first time in four years, people familiar with the matter said Monday, a move that could boost their bottomlines. POSCO, the country’s largest steelmaker, reached a deal with Hyundai Motor Co. and Kia Corp., the country’s two biggest carmakers, [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Korean steelmakers are rushing to ramp up capacity utilization in an effort to meet rising demand at home and abroad, industry sources said Wednesday. The move comes amid stabilizing international steel prices due to a drop in China’s steel exports, and expectations for an increase in domestic demand [...]