Hyundai Steel Incheon steel plant

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Hyundai Steel Incheon steel plant, also known as INI Steel, Incheon Iron & Steel Co.Ltd (formerly), is an electric arc furnace (EAF) steel plant operating in Incheon, Seoul National Capital Area, South Korea.

Location

The map below shows the exact location of the plant in Incheon, Seoul National Capital Area, South Korea:

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  • Location: 63 Jungbongdae-ro Dong-gu, Incheon Metropolitan City, Republic of Korea
  • Coordinates (WGS 84): 37.489678, 126.637942 (exact)

Background

Incheon Heavy Industries was founded in 1962 and merged with Incheon Steel in 1970. The first electric arc furnace was completed in 1968. The Korean government decided to privatise Incheon Steel in 1987 and was acquired by Hundai Group.[1] By 2014, the plant had produced 100 million tonnes of crude steel.[2] In February 2023, South Korean Industry minister and chiefs of the South Korea's seven major steelmakers, including POSCO Holdings Inc., Hyundai Steel Co. and Dongkuk Steel Mill Co., signed an agreement to promote investment and technology development to achieve low-carbon steelmaking.[3]

Plant Details

Table 1: General Plant Details

Plant status Start date Workforce size
Operating[4] 1953[5] 2243[6]

Table 2: Ownership and Parent Company Information

Parent company Parent company PermID Parent company GEM ID Owner Owner company PermID Owner company GEM ID
Hyundai Steel Co [100%] 4295881064 [100%] E100001010263 [17.3%]; E100001010264 [11.8%]; E100001010265 [6.9%] Hyundai Steel Co[7] 4295881064 E100001010262

Table 3: Process and Products

Steel product category Steel products Steel sector end users ISO 14001 ISO 50001 Main production equipment Detailed production equipment
finished rolled[7] rebar, H-sections, heavy machinery[4] building and infrastructure; transport[7] yes[8] yes[8] EAF[7] 7 EAF (90-tonne, 1994; 120-tonne, 1998; others unknown)[7][9][10][11]

Table 4: Crude Steel Production Capacities (thousand tonnes per annum)

*Please see our Frequently Asked Questions page for an explanation of the different capacity operating statuses.
Capacity operating status* Electric arc furnace steelmaking capacity Nominal crude steel capacity (total)
operating 4700 TTPA[7][12][10][7][12][10][7][12][10][7][12][10][7][12][10][7][12][10][7][12][10] 4700 TTPA[7][12][10][7][12][10][7][12][10][7][12][10][7][12][10][7][12][10][7][12][10]

Table 5: Actual Crude Steel Production by Year (thousand tonnes per annum)

Year EAF Production Total (all routes)
2020 3722 TTPA[9] 3722 TTPA
2021 3596 TTPA[13] 3596 TTPA
2022 3882 TTPA[14] 3882 TTPA

Articles and Resources

Additional data

To access additional data, including an interactive map of steel power plants, a downloadable dataset, and summary data, please visit the Global Steel Plant Tracker on the Global Energy Monitor website.

References

  1. "History l About Us | HYUNDAI STEEL". www.hyundai-steel.com (in 한국어). Retrieved 2023-12-04.
  2. "Hyundai Steel's Incheon plant reaches 100Mt output". Steel Times International. Retrieved 2023-12-04.
  3. Seok-min, Oh (2023-02-16). "S. Korea to create 150 bln-won fund for steelmakers' low-carbon transition". Yonhap News Agency. Retrieved 2023-12-01.
  4. 4.0 4.1 https://web.archive.org/web/20220122092136/https://www.hyundai-steel.com/en/aboutus/corporateoverview/locations.hds. Archived from the original on 22 January 2022. {{cite web}}: Missing or empty |title= (help)
  5. https://web.archive.org/web/20220114113901/https://www.hyundai-steel.com/en/aboutus/corporateoverview/history.hds. Archived from the original on 14 January 2022. {{cite web}}: Missing or empty |title= (help)
  6. (PDF) https://web.archive.org/web/20230125143440/https://esg.hyundai-steel.com/pdf_file/2022_HyundaiSteel_eng.pdf. Archived from the original (PDF) on 25 January 2023. {{cite web}}: Missing or empty |title= (help)
  7. 7.00 7.01 7.02 7.03 7.04 7.05 7.06 7.07 7.08 7.09 7.10 7.11 7.12 7.13 7.14 7.15 7.16 7.17 7.18 https://web.archive.org/web/20240125055116/https://www.hyundai-steel.com/en/aboutus/corporateoverview/businessoverview.hds. Archived from the original on 25 January 2024. {{cite web}}: Missing or empty |title= (help)
  8. 8.0 8.1 (PDF) https://web.archive.org/web/20220803165355/https://www.lacp.com/2012vision/pdf/10710f.pdf. Archived from the original (PDF) on 03 August 2022. {{cite web}}: Check date values in: |archive-date= (help); Missing or empty |title= (help)
  9. 9.0 9.1 (PDF) https://web.archive.org/web/20220120004029/https://esg.hyundai-steel.com/pdf_file/2021_HyundaiSteel_eng.pdf. Archived from the original (PDF) on 20 January 2022. {{cite web}}: Missing or empty |title= (help)
  10. 10.00 10.01 10.02 10.03 10.04 10.05 10.06 10.07 10.08 10.09 10.10 10.11 10.12 10.13 10.14 (PDF) https://web.archive.org/web/20230330144723/https://niobium.tech/-/media/NiobiumTech/Documentos/2019-Formula-E---Hong-Kong/NT_Hyundai-steels-challenge-of-nb-bearing-automotive-lighter-steel-for-ev.pdf. Archived from the original (PDF) on 30 March 2023. {{cite web}}: Missing or empty |title= (help)
  11. (PDF) https://www.hyundai-steel.com/en/down/ProductsGuide_API.pdf. {{cite web}}: Missing or empty |title= (help)
  12. 12.00 12.01 12.02 12.03 12.04 12.05 12.06 12.07 12.08 12.09 12.10 12.11 12.12 12.13 (PDF) https://web.archive.org/web/20220713032443/https://pubs.usgs.gov/myb/vol3/2017-18/myb3-2017-18-korea-south.pdf. Archived from the original (PDF) on 13 July 2022. {{cite web}}: Missing or empty |title= (help)
  13. https://www.steelmint.com/insights/South-Korea-Hyundai-Steel-s-crude-steel-production-sales-dip-in-CY-22-406930. {{cite web}}: Missing or empty |title= (help)
  14. https://www.hyundai-steel.com/en/sustainability/managementreport.hds#. {{cite web}}: Missing or empty |title= (help)

Resources