Hyundai Steel

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Hyundai Steel Co., Ltd.
Type Public
Traded as KRX: 004020
Industry Automotive
Steel
Founded 1953
Headquarters Incheon and Seoul, South Korea
Area served Worldwide
Key people Seung Ha Park (CEO)
Products Steel
Revenue Won 15,259,549 million (2011)[1]
Operating income Won 1,304,161 million (2011)[1]
Net income Won 747,140 million (2011)[1]
Parent Hyundai Motor Group
Website www.hyundai-steel.com

Hyundai Steel Co., Ltd, or HSC (formerly known as Hyundai INI Steel, and before that, Inchon Iron & Steel Co., Ltd.) is a steel making company headquartered in Incheon and Seoul, South Korea, and a member of the Hyundai-Kia Automotive Group. Established in 1953, it is the oldest steel making company in Korea.

Hyundai Steel is the world's second largest EAF steel producer. Hyundai Steel produces a wide variety of products ranging from its high quality H-beams to reinforcing bars. Currently, Hyundai Steel operates four factories: in the Incheon, Dangjin, and Pohang provinces of Korea and in China's Chungdo province.

In addition to Hyundai Steel, the Hyundai-Kia Automotive group includes steel companies such as, Hyundai Hysco (formerly known as Hyundai Steel Pipe Co., Ltd.) and BNG Steel Co., Ltd. (formerly Sammi Steel Co., Ltd.). Hyundai Steel uses the EAF process to manufacture steel while BNG and Hyundai Hysco are cold rolling mills.

Hyundai Steel, in 2004, had purchased the facilities of the defunted Hanbo Steel in Dangjin. They have taken the once rundown steel company and has refurnished and revitalised its facilities to make it one of the most efficient steel plants in Korea. Currently HSC is planning to create third Blast Furnace at Dangjin. Once Hyundai Steel completes its BF no.3 in 2013, the total annual capacity of the company will reach 23 million tons per annum and the Hyundai-Kia Automotive Group will become the only car maker with an in-house steel mill to supply steel sheets for the production of automobiles.

Major competitors[edit]

Hyundai Steel's major competitors include:

See also[edit]

References[edit]

  1. ^ a b c "Financials". Hyundai Steel. Retrieved 10 March 2013. 

External links[edit]