South Korea's POSCO to Introduce Electric Arc Furnaces

Researched by Industrial Info Resources (Sugar Land, Texas)--POSCO (Pohang, South Korea) is upping its carbon-neutrality plan from a 10% reduction by 2030 to 35% by 2035. The company's latest steelmaking technology, HyREX, which uses a hydrogen reduction method, is expected to be "net-zero" after 2050.

Until the HyREX technology is established, POSCO plans to introduce electric-arc technology to extend the life of blast furnaces. Industrial Info is tracking more than US$1.8 billion worth of active and planned furnace-development projects from POSCO.

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