KG Dongbu Steel Dangjin steel plant

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KG Dongbu Steel Dangjin steel plant, also known as Kage Dongbu Steel Dangjin; Keiji Dongbu Steel Dangjin; Asan Bay Works, is an electric arc furnace (EAF) steel plant operating pre-retirement in Dangjin, South Chungcheong, South Korea.

Location

The map below shows the exact location of the plant in Dangjin, South Chungcheong, South Korea:

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  • Location: 1228, Bukbusaneop-ro, Songak-eup, Dangjin-si, Chungcheongnam-do, Republic of Korea
  • Coordinates (WGS 84): 36.983721, 126.744755 (exact)

Background

The construction of the Dangjin factory was completed in 1999. The steel meltshop comprising two 160 ton electric arc furnaces (EAF) was inaugurated in July 2009.[1] Dongbu Steel went through a corporate workout program in 2015 and had been up for sale for five years until KG group acquired it in April 2019.[2] In 2016, Pulse News of the Maekyung Media Group reported that equipment from the Dongbu Steel Dangjin steel plant would be sold off to Iran.[3] The attempt failed then, but its EAF units were sold to Liberty group for installation at its Romania-based Galati steelworks in November 2022.[4] As of February 2023, Liberty Steel studying the feasibility of relocating the equipment from South Korea to their Galati plant.[5]

Plant Details

Table 1: General Plant Details

Plant status Start date Pre-retirement announcement date Workforce size
Operating pre-retirement[6] 1999[7][8] 2022-11-29[6] 597[9][10]

Table 2: Ownership and Parent Company Information

State-owned entity status Parent company Parent company PermID Parent company GEM ID Owner Owner company PermID Owner company GEM ID
Partial KG Dongbu Steel Co Ltd [100%] 4295880978 [100%] E100001012482 [40%]; E100001012484 [18.5%]; E100001000730 [5%] KG Dongbu Steel Co Ltd[11] 4295880978 E100000130715

Table 3: Process and Products

Steel product category Steel products Steel sector end users ISO 14001 Main production equipment Detailed production equipment
semi-finished; finished rolled[12] bar, cold-rolled strip, sheet, H-beam, wire[12] building and infrastructure[13] yes[11] EAF[14] 2 EAF (2x 160-tonne; began in 2009; sold to Liberty steel in 2022-11)[15][16][17]

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 pre-retirement 3000 TTPA[15][16][15][16] 3000 TTPA[15][16][15][16]

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. "Dongbu Steel Begins Producing Hot Strips". koreatimes. 2009-07-01. Retrieved 2023-12-01.
  2. "KG Group to acquire Dongbu Steel". koreatimes. 2019-04-04. Retrieved 2023-12-01.
  3. "S. Korea's Dongbu Steel creditors opt to sell off Dangjin plant's hot-rolled steel electric furnace to Iran". Pulse News (in 한국어). 2016-03-10. Retrieved 2022-04-13.{{cite web}}: CS1 maint: url-status (link)
  4. "Liberty acquires Dongbu EAF, strip mill for Galati - EUROMETAL". 2022-11-29. Retrieved 2023-12-01.
  5. "Romanian steelmaker Liberty Galati to restart its only blast furnace in March - EUROMETAL". 2023-02-22. Retrieved 2023-12-06.
  6. 6.0 6.1 https://www.recyclingtoday.com/news/liberty-steel-acquires-korean-dongbu-steel-plant/. {{cite web}}: Missing or empty |title= (help)
  7. https://web.archive.org/web/20200129161810/http://www.dongbuthaisteel.com:80/page/about-dongbu-steel. Archived from the original on 29 January 2020. {{cite web}}: Missing or empty |title= (help)
  8. https://web.archive.org/web/20210801135145/http://www.dongbucolor.com/html/A00.history.html. Archived from the original on 01 August 2021. {{cite web}}: Check date values in: |archive-date= (help); Missing or empty |title= (help)
  9. https://web.archive.org/web/20220905021214/https://kg-steel.co.kr/html/COMPANY.html. Archived from the original on 05 September 2022. {{cite web}}: Check date values in: |archive-date= (help); Missing or empty |title= (help)
  10. https://www.emis.com/php/company-profile/KR/Dongbu_Incheon_Steel_CoLtd_en_4269212.html#:~:text=was%20incorporated%20on%20May%2001drop%20of%203.92%25%20in%202018. {{cite web}}: Missing or empty |title= (help)
  11. 11.0 11.1 https://web.archive.org/web/20240125055233/https://kg-steel.co.kr/html/COMPANY.html. Archived from the original on 25 January 2024. {{cite web}}: Missing or empty |title= (help)
  12. 12.0 12.1 https://web.archive.org/web/20220204140413/http://www.kosa.or.kr/sub/eng/member/member_product_list.jsp. Archived from the original on 04 February 2022. {{cite web}}: Check date values in: |archive-date= (help); Missing or empty |title= (help)
  13. (PDF) https://www.dongbusteel.com/_res/en/etc/KG_DongbuSteel_ColdRolled_Galvanized_catalogue_EN.pdf. {{cite web}}: Missing or empty |title= (help)
  14. https://web.archive.org/web/20220124090544/https://pulsenews.co.kr/view.php?year=2016&no=185694. Archived from the original on 24 January 2022. {{cite web}}: Missing or empty |title= (help)
  15. 15.0 15.1 15.2 15.3 15.4 https://www.steelorbis.com/steel-news/latest-news/liberty-steel-to-purchase-dongbu-steel-plant-in-s-korea-for-installation-in-romania-1269296.htm. {{cite web}}: Missing or empty |title= (help)
  16. 16.0 16.1 16.2 16.3 16.4 https://web.archive.org/web/20221129220941/https://libertysteelgroup.com/ro/news/liberty-signs-agreement-to-purchase-plant-and-equipment-from-kg-steel/?lang=en. Archived from the original on 29 November 2022. {{cite web}}: Missing or empty |title= (help)
  17. (PDF) https://web.archive.org/web/20220119212404/https://www.industry.gov.au/sites/default/files/adc/public-record/005_-_exporter_questionnaire_response_-_dongbu_steel_-_attachment_1.pdf. Archived from the original (PDF) on 19 January 2022. {{cite web}}: Missing or empty |title= (help)

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