Hyundai Steel Co (Hyundai Steel) is involved in the production and distribution of steel and related products. The company’s product portfolio includes cold-rolled coil, hot-rolled coil, heavy plate, reinforcing bar, steel pipe and special steel. The company operates manufacturing plants in Incheon, Pohang, Dangjin, Suncheon, Yesan, and Ulsan in Korea. The company manufactures different kinds of steel products through electric arc furnaces and blast furnace processes.

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Hyundai Steel invests in new technology to develop energy-efficient products. It conducts its research through Hyundai Steel R&D center. The company has a strong R&D arm that focuses on developing customized steel plates with high strength and high formability for the automobile industry. It is also emphasizing on development of high-quality energy steel materials for cold regions and high strengths steel plates for high temperatures. The company is also focusing on the development of anti-corrosion, molding and welding technologies. The company’s R&D centers include a research building, an integrated development center, an iron-making experiment center and a rolling experiment center. The company is also investing in eco-friendly facilities and equipment. In FY2022, the company spent KRW224,270 million on R&D which reported 60.8% of the company’s revenue.