Korea’s Steel Industry

Specialty Steel Becomes a Breakthrough for Survival of Korea’s Steel Industry

Hyundai Steel creates a dedicated organization
POSCO develops steel materials for transmission networks
SeAH Steel Holdings targets Europe

The domestic steel industry has begun targeting the ‘next-generation energy infrastructure’ market, focusing on specialty steel materials related to power grids, energy storage systems (ESS), offshore wind power, and data centers.
According to industry sources, major steel makers are actively moving to dominate the specialty steel market in the energy infrastructure sector by creating a dedicated organization.

Hyundai Steel is taking the most active steps by operating the Next-Generation Power Infrastructure Task Force (TF) Team. Orders that the company has received for its steel materials for ESS enclosures (steel cases protecting power equipment such as batteries) for North America reached 10,500 tons last year, the first year of supply and 52,000 tons this year, exceeding the target five-fold.
POSCO has targeted the power grid, data center, and solar energy markets. In collaboration with Korea Electric Power Corporation (KEPCO), the company developed steel specifically for long-distance high-voltage direct current transmission (HVDC) towers and secured new demand of 90,000 tons per year.
‘PosMAC,’ the highly corrosion-resistant alloy steel sheet developed by POSCO, is expanding its application beyond solar power structures in extreme environments to ESS parts. The company is also increasing its market share in the artificial intelligence (AI) data center server room field, where space efficiency is essential by introducing ‘Pos-H,’ a customized beam structural material.
SeAH Steel Holdings is achieving significant results in its main business area, the offshore wind power substructure market. The company will supply all 62,000 tons of specialty heavy wall pipes, the largest ever, to the Shinan Ui Island Offshore Wind Power Project with a total project cost of KRW 2.6 trillion.
Dongkuk Steel Group has released D-Megabeam, a specialty steel material that can withstand the ultra-high loads of ultra-large data centers. In addition, the company is actively pursuing a new business of directly constructing and operating a data center.

 
 
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