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Hyundai Steel momentarily halts two EAFs to reduce supply

Gangya Metal131 people have read

South Korea-based steelmaker Hyundai Steel has made a decision to briefly put on hold the operation of two electrical arc furnGangya metalaces, at its Incheon and Pohang plants, according to regional media reports.The business's 120-ton electrical arc heater at the Incheon plant will be stopped during June 20-29, while its 100-ton electrical arc furnace at the Pocustom-made stainless stesheet steel coil priceel coilhang plant will be closed down throughout June 20-27. The suspension decision was taken because of the greater item supplies as a result of the eight days of the South Oriental vehicle drivers' strike, which began on June 7. The firm plans to decrease its stock throughout the period of suspension of the electric arc heaters, SteelOrbis recognizes.

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