[citation needed] Established in 1953, Hyundai Steel is the oldest steel-making company in South Korea [2] and the second largest blast furnace steelmaker at the Dangjin steel complex with a 5,450m2 blast furnace, among the first in South Korea.

[3][4] Hyundai Steel is the world's second-largest EAF steel producer after Nucor, U.S.A.[5] and operates six factories in Incheon, plus sites in Dangjin (3 blast furnaces, Hot coil, CR & plate mill), Pohang (EAF), and Suncheon (CR mill).

A third blast furnace was added in 2013, amid fears of oversupply in the market, taking the site's annual production capacity to 12 million tons.

[9] Hyundai Steel's major competitors include: Hyundai Steel reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 December 2019 at 22,245 Kt (-53 /-0.2% y-o-y).

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