|Hyundai Steel CEO An Tong-il announces the steelmaker's roadmap for carbon neutrality in a video released on April 27. Courtesy of Hyundai Steel|
By Kim Hyun-bin
Hyundai Steel has received an environmental product declaration (EPD) certification from the Ministry of Environment, becoming the first company in the domestic steel industry to get the certification for its low-carbon H-beam. This certification adds to Hyundai Steel's existing portfolio of 13 EPD-certified products. The EPD certification is given to products that demonstrate lower carbon emissions than similar products.
Hyundai Steel's H-beams are produced using electric furnace methods, utilizing recycled iron scrap. The EPD verifies that the products produced through blast furnace processes are eco-friendly compared to similar products. This recognition highlights Hyundai Steel's contribution to a low-carbon society.
"Through this EPD certification, we showcase our specific electric furnace technology and capabilities. Moving forward, we will lead in ESG management by making differentiated efforts to reduce carbon emissions and seize opportunities in the global low-carbon market," a Hyundai Steel official said.
In addition, Hyundai Steel has recently established a production system for ultra-high-strength H-beams (460MPa), offering approximately 1.3 times greater strength than existing products. This innovation allows for reduced steel weight, resulting in cost savings and shorter construction periods, while maintaining low carbon emissions.
Low-carbon products fall under the "green products" category adopted by the Ministry of Environment. The use of low-carbon product materials in residential and non-residential buildings can earn additional points in the Green Standard for Energy and Environmental Design (G-SEED) program, which evaluates the environmental performance of buildings. Buildings rated higher than the excellent grade in the G-SEED program receive benefits such as reduced acquisition taxes.
Hyundai Steel recently unveiled its Carbon Neutrality 2050 roadmap, demonstrating its commitment to transitioning to a low-carbon production system based on blast furnaces and electric furnaces.