Austria-based plantmaker Siemens Metals Technologies has announced that it has received an order from South Korean steelmaker Hyundai Steel for a continuous bloom casting machine, a large bar rolling mill and a small bar and wire rod mill for the company's new special steel mill in Dangjin, South Korea. Commissioning of the plants is scheduled for the end of 2015.
At present, the company is constructing a new plant at the Dangjin site to produce special steels for the automotive industry. In future, bar and wire are to be produced here as primary material for engine and gearbox parts. Annual production of 400,000 metric tons of wire rod and 600,000 metric tons of straight bar and bar-in-coil is planned.
Siemens stated that the four-strand continuous bloom caster will have an annual capacity of 1.1 million mt, while the large bar mill with an annual capacity of 1 million mt will provide billets to be further processed in the small bar and wire rod mill with a capacity of 800,000 mt, which Siemens will also supply.