Hyundai Steel announced on December 8 that it will invest 170 billion won by 2032 to secure high-quality iron scrap as part of its low-carbon raw material advancement initiative. 

The company will introduce shredder facilities, equipment that uses high-speed rotating hammers to crush and remove impurities from scrap metal recovered from automobiles, appliances, and construction waste, at its Pohang Plant and Dangjin Steel Works, producing high-grade shredded scrap with superior iron content and consistency. 

An additional 220 billion won investment will establish comprehensive raw material processing facilities in southern Gyeonggi Province, including crushing-sorting-refining systems near Anseong City, with construction beginning in early 2027 and full operations expected by 2028. 

Hyundai Steel is simultaneously developing technology to upgrade general iron scrap quality, having already introduced pilot sorting and refining facilities at its Pohang Plant last year for internal research and development.