Title

RECENT DEVELOPMENT OF IRONMAKING TECHNOLOGY IN KOREA “RESOURCES ARE LIMITED, CREATIVITY IS UNLIMITED"

RECENT DEVELOPMENT OF IRONMAKING TECHNOLOGY IN KOREA “RESOURCES ARE LIMITED, CREATIVITY IS UNLIMITED"

Authorship

Lee, Hoo-Guen; Yi, Sang-Ho; Kang, Chang-Oh

Lee, Hoo-Guen

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Yi, Sang-Ho

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Kang, Chang-Oh

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DOI

10.5151/2594-357X-22771

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Abstract

Steelmakers in Korea are expected to face challenges as followings: The upsurge in prices of raw materials, the oversupply and saturation of steel market, the lowered inflexibility to raw material quality by increased number of large-scale blast furnaces and the pressure to mitigate CO2 emission. To solve the challenges, steelmakers in Korea have made the technological innovation based on creativity, including the development of FINEX® process. In addition, they have been developing the hydrogen reduction technology to enhance the reduction of non-reducible iron ores and to mitigate CO2 emitted from the steel plants. The current efforts in Korea will give a great opportunity to leap over the next advanced stage.

Steelmakers in Korea are expected to face challenges as followings: The upsurge in prices of raw materials, the oversupply and saturation of steel market, the lowered inflexibility to raw material quality by increased number of large-scale blast furnaces and the pressure to mitigate CO2 emission. To solve the challenges, steelmakers in Korea have made the technological innovation based on creativity, including the development of FINEX® process. In addition, they have been developing the hydrogen reduction technology to enhance the reduction of non-reducible iron ores and to mitigate CO2 emitted from the steel plants. The current efforts in Korea will give a great opportunity to leap over the next advanced stage.

Keywords

Challenges; Hyundai-steel; Raw material; FINEX® ; Synergy; CO2.

Challenges; Hyundai-steel; Raw material; FINEX® ; Synergy; CO2.