POSCO accelerates low-carbon steel transition with Korea’s largest electric arc furnace

POSCO has completed construction of Korea’s largest electric arc furnace (EAF) at its steelworks in Gwangyang, South Jeolla Province with an annual production capacity of 2.5 million tons, marking a major step in its transition toward low-carbon steel production. The largest single EAF installation in Korea, which began construction in February 2024, is part of the company’s broader strategy to respond to tightening global decarbonization policies and rising demand for low-emission steel products. It was built with about 600 billion won ($392.6 million) in investment, with a cumulative 270,000 workers involved. Unlike traditional blast furnace-basic oxygen furnace operations, which rely on iron ore and coking coal, the EAF uses recycled steel scrap as its primary raw material. POSCO estimates the process can cut carbon emissions by up to 75 percent compared with the average emissions generated by its conventional blast furnace operations between 2017 and 2019. To enhance the quality of EAF-produced steel, the company is advancing its proprietary hot metal-scrap mixing technology, whiWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times