Tel :
Tel :
South Korean steelmaker POSCO announced on June 17 the official completion of its 2.5-million-ton-per-year electric arc furnace project in Gwangyang, marking the company's entry into the stage of large-scale low-carbon steel production. JAC590R Hot dip galvanized steel strip,The project, involving an investment of approximately 600 billion won (about US$397 million), utilizes scrap steel as feedstock and can reduce carbon emissions by around 75% compared to traditional blast furnaces.
The Chairman and CEO of POSCO Holdings stated that the newly completed electric arc furnace represents more than just an addition of equipment; it serves as a powerful signal of the company's commitment to meeting the challenges of the decarbonization era and reshaping the global market landscape. JAC590R Hot dip galvanized steel strip,To enhance the quality of products from the electric arc furnace, POSCO is focusing on the development of the "Haptang" process—a method that involves refining a mixture of molten iron from the electric arc furnace and the blast furnace to produce high-end steel while simultaneously reducing carbon emissions.
POSCO also plans to master core technologies—such as scrap sorting and precise chemical composition control during refining—by 2030, enabling the mass production of automotive steel sheets and electrical steel sheets. JAC590R Hot dip galvanized steel strip,Furthermore, the company is accelerating preparations for the commercialization of the HyREX hydrogen-based ironmaking process; it aims to complete technology development by 2030 via a 300,000-ton-class demonstration plant and gradually transition to a decarbonized production system.
