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S. Korean Steelmakers to Use Oyster Shell Waste for Steelmaking

S. Korean Steelmakers to Use Oyster Shell Waste for Steelmaking

SEOUL, Sept. 17 (Korea Bizwire) — POSCO and Hyundai Steel Co., South Korea’s two largest steelmakers, will start using oyster shells as a secondary base material for steel production. Both companies were inspired by the fact that oyster shell substances are similar to the limestone used for sintering and have been developing a recycling technology [...]

Competition Heats Up to Get the Upper Hand in Color Steel Plate Manufacturing

Competition Heats Up to Get the Upper Hand in Color Steel Plate Manufacturing

SEOUL, July 9 (Korea Bizwire) — South Korea’s major steelmakers are engaged in stiff competition to get the upper hand in the production of color steel plates, for which demand is surging in the areas of construction and home appliances. Color steel plates are steel products that are coated with special paints, with digital printers [...]

Steelmakers in Talks with Shipbuilders over Prices

Steelmakers in Talks with Shipbuilders over Prices

SEOUL, Jan. 30 (Korea Bizwire) — South Korean steelmakers have launched talks with shipbuilders over prices of thick steel plates, which are mainly used for shipbuilding, people familiar with the matter said Saturday. POSCO, the country’s largest steelmaker, said it is pushing to raise prices of thick steel plates — a key material that accounts [...]

S. Korean Steelmakers Beef Up Hydrogen-related Investments

S. Korean Steelmakers Beef Up Hydrogen-related Investments

SEOUL, Jan. 26 (Korea Bizwire) – South Korean steelmakers are doubling down on hydrogen-related investments, as part of efforts to overcome the ever-toughening environmental regulations as well as to create new growth engines. Industry experts say that in a situation where the steel industry is stigmatized as being devastating to the environment, the core competitiveness [...]