YK Steel Dangjin plant
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YK Steel Dangjin plant (YK스틸 (Korean)), also known as Kukdong Steel Industry (predecessor), Kumho Industry (predecessor), Hanbo Iron & Steel (predecessor); Daehan Steel, is an electric arc furnace (EAF) announced steel plant in Dangjin, South Chungcheong, South Korea.
Location
The map below shows the approximate location of the plant in Dangjin, South Chungcheong, South Korea:
- Location: Dangjin, Republic of Korea
- Coordinates (WGS 84): 36.918106, 126.643606 (approximate)
Background
In 2020, Daehan Steel acquired the steel manufacturing facilities and sales business, while the Yamato Kogyo Group maintains ownership of the land of the Busan plant.[1][2] Daehan Steel acquired 51% stake in YK Steel Corp by September 2020[3] and increased its stake to 70% by August 2021.[4] Given the development of the Busan plant's vicinity to a residential area, there were plans to relocate the Busan plant. In January 2022, an agreement was signed between the company and German engineering firm SMS group for development of Dangjin plant with new equipment provided by SMS group.[2][1] Reports suggest that the company has decided against relocating the Busan plant and has decided to build a completely new plant at the Dangjin site.[5][6]
YK Steel plans to establish a 100% scrap-based steel plant in Dangjin, the equipment for the same is to be provided by SMS Group.[7] The plant is expected to become operational in 2025 with a capacity of 1000 ttpa.[2][7]
Plant Details
Table 1: General Plant Details
| Plant status | Announced date | Start date |
|---|---|---|
| Announced[8] | 2023-02[8] | 2025[9] |
Table 2: Ownership and Parent Company Information
| Parent company | Parent company PermID | Parent company GEM ID | Owner | Owner company PermID | Owner company GEM ID |
|---|---|---|---|---|---|
| Daehan Steel Co Ltd [70.0%]; Yamato Kogyo Co Ltd [30.0%] | 4295882647 [70%]; 4295878941 [30%] | E100001010335 [70%]; E100001010196 [30%] | YK Steel Corp[10] | 5044252671 | E100000131021 |
Table 3: Process and Products
| Steel product category | Steel products | Steel sector end users | Main production equipment | Detailed production equipment |
|---|---|---|---|---|
| semi-finished; finished rolled[11] | rebar, billet[11] | building and infrastructure[10] | EAF[11] | 1 EAF (115-tonne by SMS)[11] |
Table 4: Crude Steel Production Capacities (thousand tonnes per annum)
| Capacity operating status* | Electric arc furnace steelmaking capacity | Nominal crude steel capacity (total) |
|---|---|---|
| announced | 1000 TTPA[9] | 1000 TTPA[9] |
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
- ↑ 1.0 1.1 Kim, Maru (2023-03-25). "YK Steel's Busan Plant Site: A Potential Residential Development in the Making". Breeze In Busan. Retrieved 2023-12-07.
- ↑ 2.0 2.1 2.2 "South Korea's Daehan formalizes SMS deal for Dangjin works | SEAISI". www.seaisi.org. Retrieved 2023-12-07.
- ↑ MarketScreener (2020-09-08). "Daehan Steel Co., Ltd. completed the acquisition of 51% stake in steel products manufacturing and sales business of YK Steel Corp. -September 07, 2020 | MarketScreener". www.marketscreener.com. Retrieved 2023-12-07.
- ↑ MarketScreener (2021-08-02). "Daehan Steel Co., Ltd. agreed to acquire an additional 11.8% stake in YK Steel Corp. -August 01, 2021 | MarketScreener". www.marketscreener.com. Retrieved 2023-12-07.
- ↑ "South Korea's YK Steel invests in new rebar mill". www.steelorbis.com. Retrieved 2023-12-07.
- ↑ "YK Steel Turns to SMS group for Rebar Mill". AIST. 13 February, 2023. Retrieved 07 December, 2023.
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<ref>tag; no text was provided for refs named:0 - ↑ 8.0 8.1 https://web.archive.org/web/20240125062218/https://www.seaisi.org/details/22376?type=news-rooms. Archived from the original on 25 January 2024.
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{{cite web}}: Missing or empty|title=(help) - ↑ 10.0 10.1 https://web.archive.org/web/20220112163746/http://www.yk-steel.co.kr/eng2/?target_page. Archived from the original on 12 January 2022.
{{cite web}}: Missing or empty|title=(help) - ↑ 11.0 11.1 11.2 11.3 https://www.sms-group.com/en-us/insights/all-insights/minimill-modernization-and-relocation-for-yk-steel.
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