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Hyundai Steel has launched a major investment programme to secure a stable supply of high-quality ferrous scrap and support its low-carbon steelmaking strategy. The South Korean steelmaker plans to invest 170 billion won (around $116 million) by 2032 to enhance scrap processing, improve raw material quality and reduce emissions.
The plan includes installing new shredder facilities and advanced scrap sorting and refining lines at Hyundai Steel’s Pohang and Dangjin plants. These upgrades will allow the company to process obsolete scrap from end-of-life vehicles, appliances and construction waste into premium “shredded scrap” with higher iron content and more consistent quality, making it well suited for electric arc furnace (EAF) steelmaking.
An initial 22 billion won will go into a specialised raw material processing facility in southern Gyeonggi Province, with construction scheduled to begin in 2027 and full operations targeted for 2028. In parallel, Hyundai Steel is developing technologies to upgrade ordinary scrap into high-grade material and plans to expand this R&D through a national project application in 2026.
The investment aligns with broader industry efforts in South Korea to secure premium scrap, as EAF-based production which emits roughly a quarter of the CO₂ of blast furnaces becomes central to long-term decarbonisation.
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