furnaces

Steel POSCO restarts furnace after upgrade with smart system

POSCO, the world’s seventh-largest steelmaker, on Thursday restarted a blast furnace in South Korea following a revamp applying a smart system...

Steel South Korean steelmakers run plants only at night as demand plummets

South Korea’s major steelmakers are running their plants only at night to cut costs as demand for rebars, or reinforced bars, widely used in t...

Steel S.Korean steelmakers mull building electric furnaces in US

Steelmakers are considering building steel mills with electric furnaces in the United States to survive the triple whammy of high tariff barriers, l...

ESG bonds Steel giant POSCO raises $500 mn in 3-year green bonds

POSCO raised $5 million in three-year green bond sales on Jan. 16 to invest the proceeds in domestic facilities, the largest steelmaker in South Kor...

Steel Scrap steel price poised to rebound on lower inventories

Scrap steel prices in South Korea are poised to bounce back after hitting an annual low in the last month of 2023 amid declining scrap metal invento...

Steel Dongkuk CM develops world's first recycled color-coated steel sheets

Dongkuk Coated Metal Co. (Dongkuk CM), a cold-rolled steel subsidiary of Dongkuk Steel Mill Co., announced on Wednesday that it has succeeded in dev...

Korean SMEs Kyung Dong Navien enters into US boiler market

South Korea's heating systems manufacturer Kyung Dong Navien Co. announced on Thursday it shipped its first "Condensing Hydro Furnace" to the US mar...

Steel Dongkuk Steel to develop carbon-saving hyper electric furnace

Dongkuk Steel Mill Co. has begun its research on carbon emission-reducing hyper-electric furnace processes.The company announced on Friday that it p...

Steel POSCO decides to build electric furnace at Gwangyang Works

South Korea’s leading steelmaker POSCO on Tuesday said it will begin its transition to a low-carbon production system by building an electric ...

Steel POSCO to produce low-carbon steel raw material in Australia

South Korea's top steelmaker POSCO has launched a project in Australia to produce hot briquetted iron (HBI), an essential raw material for the adopt...

Steel Hyundai Steel unveils steel sheets with 30% reduction in carbon emissions

South Korean steelmaker Hyundai Steel Co. announced Tuesday it succeeded in the pilot manufacturing of advanced auto steel sheets using an electric ...

Steel POSCO partially restarts Pohang furnaces flooded by typhoon

POSCO Holdings Inc., the holding company of South Korea’s largest steelmaker, has partially restarted its blast furnaces at its main plant in ...

Steel Typhoon Hinnamnor shuts all POSCO furnaces for 1st time in 49 years

POHANG, North Gyeongsang Province – POSCO Holdings Inc., the holding company of South Korea’s steel giant, said on Wednesday it has shut...

Steel POSCO revs up eco-friendly, smart steelmaking

South Korea’s leading steelmaker POSCO Group reignited its No. 4 blast furnace at its Gwangyang plant on June 10. The blast furnace has been u...

Steel POSCO to revive India steel mill construction plan

POSCO Co. plans to build a steel mill jointly with India's Adani Group in western India, the South Korean steelmaker said on Thursday, after its pre...

Carbon neutrality POSCO mothballs Korea’s oldest blast furnace for carbon neutrality

Park Tae-joon, the late honorary chairman of POSCO Co., and other key founding members of the global steel giant celebrated on June 9, 1973, when So...

Hydrogen economy POSCO to lead global forum on next-generation steelmaking technology

POSCO will host an international forum next month with the world’s major steel and mining companies to develop greener steelmaking processes b...