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22 Jan
11:43

Hyundai Steel to overhaul EAFs in 2024

South Korean steelmaker Hyundai Steel plans to overhaul electric arc furnaces (EAFs) at its Incheon and Dangjin plants this year. The impact this will have on finished steel output is currently unknown. There are market rumours that Hyundai Steel's overhaul will also spread to Incheon's rebar production line and lead to a decrease in construction steel production. However, some sources said that the mill will produce the billets required for steel rolling …
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