Hyundai Steel will use electric furnaces to produce high-quality steel products such as steel sheets for automobiles. Hyundai Steel announced that it would build ‘Hy-Cube’, a carbon-neutral steel production system based on its own electric furnace, and produce low-carbon, high-quality sheet materials by converting to a hydrogen-based steel production system by 2030.
The goal is to lead carbon neutrality in the electric furnace field through a new concept of electric furnace production technology. ‘Hy-Cube, Hyundai Hydrogen Hybrid’ refers to Hyundai Steel’s unique hydrogen-based process fusion steel production system. The core of Hy-Cube technology is the ‘Hy-Arc’, a new concept electric furnace that generates power from the existing electric furnace that melts scrap (scrap iron) to make molten iron and can do everything from melting iron raw materials to removing impurities and adding ingredients.
Hyundai Steel will use scrap (scrap iron), molten iron (molten iron produced in a blast furnace), and DRI (direct reduced iron) in a new concept electric furnace to minimize carbon generation and produce high-quality sheet materials such as automotive steel sheets.
Since electric furnace products emit only 25% of carbon emissions compared to blast furnaces (blast furnaces) due to the characteristics of raw materials and processes, Hyundai Steel is evaluated as an advantageous situation for achieving carbon neutrality compared to other steelmakers centred on blast furnaces.