Since its initial establishment as an automobile manufacturer, Hyundai Motor Group has evolved into a leading global player in such areas as vehicles, materials, part, finance, and logistics. Hyundai Steel, the backbone of the Group, has also grown, changing from the leading steel company through building of its own blast furnaces and integrated steelworks.

The completion of Hyundai Steel’s fully integrated steelworks means that the Hyundai Motor Group has developed the world’s very first fully integrated resources recycling business system, ranging from iron ore to finished vehicles to scrap steel and back again.

Established as Korea’s first steelmaker in 1953, Hyundai Steel is enhancing its competitiveness in the world market even further through its stable blast and electric arc furnace operations.