Hyundai INI Steel

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

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 4 factories, 3 factories are located in the Incheon, Dangjin, and Pohang province of Korea and the other factory is located in China's Chungdo province.

In addition to Hyundai Steel, the Hyundai-Kia Autmotive 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 Korea's second BOF steel mill. Once Hyundai Steel completes it's BOF steel mill in Dangjin, 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.

Competitors

*Hyundai Hysco
*POSCO
*BNG Steel
*Dongkuk Steel
*Dongbu Steel
*Sinhwa Steel
*Union Steel
*Korea Iron & Steel Co., Ltd.

ee also

*List of steel producers
*Hyundai Motor Group
*Economy of South Korea

External links

* [http://www.hyundai-steel.com Hyundai Steel Homepage]