In order to upgrade its corporate competitiveness and reduce CO2 emissions, South Korean steel producer Hyundai Steel, which recently revealed its ambitious plan to reduce its costs by KRW 100 billion, is known to be considering introducing hot direct rolling (HDR) facilities at its Incheon Works and Pohang Works.
HDR facilities can help save KRW 15,000/mt as compared to existing facilities, while another South Korean steelmaker Dongkuk Steel is also reported to be pushing forward with the introduction of HDR facilities at its Incheon plant.
Hyundai Steel has not yet fixed any concrete scheme for the introduction of HRD but recently it held a technical seminar, at which about 20 executives working at its Incheon and Pohang plants discussed the corporate plan for facility investment in 2012 and for the introduction of HRD facilities. With regard to the introduction of HRD facilities, they studied how to remodel their existing facilities, reviewing the specifications of new facilities and the expected facility investment effect.