Tag: Hyundai Steel plans major investment to boost premium scrap capacity

Hyundai Steel plans to invest $116 million to boost premium scrap capacity to steer EAF expansion

Dec 10, 2025

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by

Ramavath Mounika

in Melting Scrap

Investments target higher purity ratios to support growing EAF output Mills optimise procurement to reduce reliance on imported shredded South Korea’s Hyundai Steel has announced a KRW 170 billion ($116 million) investment programme to secure high-grade steel scrap and reinforce low-carbon raw material capabilities by 2032, aligning with the nation’s transition toward EAF-based decarbonised steelmaking,…