Hyundai Steel Co., Ltd, or HSC (formerly known as Hyundai INI Steel, and before that, Inchon Iron & Steel Co., Ltd.), is a steel

Steel

Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...

 company headquartered in Incheon

Incheon

The Incheon Metropolitan City is located in northwestern South Korea. The city was home to just 4,700 people when Jemulpo port was built in 1883. Today 2.76 million people live in the city, making it Korea’s third most populous city after Seoul and Busan Metropolitan City...

 and Seoul

Seoul

Seoul , officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world...

, South Korea

South Korea

The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...

. Established in 1953, Hyundai Steel is the oldest/most experienced steel making company in Korea and is currently one of the major companies of the Hyundai-Kia Automotive Group.

Hyundai Steel is the world's second largest EAF steel

Steel

Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...

 producer. Hyundai Steel produces a wide variety of products ranging from its high quality H-beams to reinforcing bars. Currently, Hyundai Steel operates 4 factories, 3 factories are located in the Incheon

Incheon

The Incheon Metropolitan City is located in northwestern South Korea. The city was home to just 4,700 people when Jemulpo port was built in 1883. Today 2.76 million people live in the city, making it Korea’s third most populous city after Seoul and Busan Metropolitan City...

, Dangjin, and Pohang

Pohang

Pohang is a city in North Gyeongsang Province, South Korea, and a main seaport in the Daegu-Gyeongbuk region. The built-up area of Pohang is located on the alluvium of the mouth of the Hyeongsan River...

 province of Korea and the other factory is located in China's Chungdo province.

In addition to Hyundai Steel, the Hyundai-Kia Autmotive group includes steel companies such as, Hyundai Hysco (formerly known as Hyundai Steel Pipe Co., Ltd.) and BNG Steel Co., Ltd. (formerly Sammi Steel Co., Ltd.). Hyundai Steel uses the EAF process to manufacture steel while BNG and Hyundai Hysco are cold rolling mills.

Hyundai Steel, in 2004, had purchased the facilities of the defunted Hanbo Steel in Dangjin. They have taken the once rundown steel company and has refurnished and revitalised its facilities to make it one of the most efficient steel plants in Korea. Currently HSC is planning to create Korea's second BOF steel mill. Once Hyundai Steel completes its BOF steel mill in Dangjin, the Hyundai-Kia Automotive Group will become the only car maker with an in-house steel mill to supply steel sheets for the production of automobiles.

Competitors

• Hyundai Hysco
  Hyundai Hysco
  Hyundai Hysco, or HYSCO is a steel and auto parts company, established in 1975, and headquartered in Ulsan, South Korea. They are a manufacturer of automotive steel sheet products and various steel pipes. Its corporate office is located in Seoul, and it also operates in Ulsan, Dangjin, and...
  
  
• POSCO
  POSCO
  POSCO is a multinational steel-making company headquartered in Pohang, South Korea. It is the world's third-largest steelmaker by market value and the most profitable Asia-based steelmaker....
  
  
• BNG Steel
• Dongkuk Steel
  Dongkuk Steel
  Dongkuk Steel Mill Co, Ltd. is a steel company with its headquarters in the city of Seoul, South Korea. Its manufacturing plants are located in Pohang, Incheon, Dangjin and Busan. Main products are steel plates mainly for shipbuilding, beams, sections and bars mainly for construction...
  
  
• Dongbu Steel
  Dongbu Steel
  Dongbu Steel Dongbu Steel Dongbu Steel (DBS, Hangul:동부제철; , , is a South Korean multinational corporation and have made significant contributions to the steel and iron industries both in Korea and abroad...
  
  
• Sinhwa Steel
  Sinhwa Steel
  Sinhwa Steel is a steel company. producer located and hearquartered in Changwon Gyeongsangnam-do, Korea.-Competitor:*Pohang Iron and Steel Company*Hyundai INI Steel*Hyundai Hysco*BNG Steel*Dongbu Steel*Dongkuk Steel*Union Steel-See also:...
  
  
• Union Steel
• Korea Iron & Steel Co., Ltd.

See also

• List of steel producers
• Hyundai Motor Group
• Economy of South Korea
  Economy of South Korea
  South Korea has a market economy which ranks 15th in the world by nominal GDP and 12th by purchasing power parity , identifying it as one of the G-20 major economies. It is a high-income developed country, with a developed market, and is a member of OECD...
  
  
• Hyundai Steel Red Angels WFC
  Hyundai Steel Red Angels WFC
  Hyundai Steel Red Angels Women's Football Club is a South Korean women's football team based in Incheon. Red Angels was the first women's football team in South Korea, founded in December 1993....