Hyundai Steel starts operation of its No. 1 blast furnace

摘要

With a furnace 'lighting' ceremony held on January 4, 2010, at its new integrated steel mill in Dangjin, South Korea, Hyundai Steel Co., which is part of the Hyundai Automotive Group, started operation of its first blast furnace. Over 600 distinguished guests and staff attended the ceremony, including the Chairman of the Hyundai Automotive Group, Chung Mong-Koo, and Marc Solvi, CEO of Luxembourg-based Paul Wurth S.A., which had overseen the engineering of the blast furnace. "Through Hyundai Steel's substantial investment of five billion US$, we are constructing the most advanced, eco-friendly integrated steel mill in the world, which is also in line with the government's green growth policy," Chairman Chung said at the ceremony. "The new steel mill will give our automotive group a competitive edge by allowing us to secure and develop our own supply of high-quality steel, while contributing to the national economy at the same time." According to Marc Solvi of Paul Wurth, this blast furnace for Hyundai is the largest ever designed by Paul Wurth.