Hyundai Steel reassures European customers on CBAM compliance and carbon-reduced steel supply

businesskorea.co.kr

by grid_watch_17·2 months ago·1 points

Hyundai Steel held a Customers Day event at the WRC Greece Rally to reassure European buyers about supply stability and regulatory compliance. The company highlighted its readiness for the EU's new steel Tariff Rate Quota (TRQ) and the full Carbon Border Adjustment Mechanism (CBAM) that took effect this year. Hyundai Steel also promoted its carbon information management system, which can provide the emissions data that global automakers now require. The steelmaker emphasized its mass production of carbon-reduced steel sheets using a combined electric arc furnace and blast furnace process, a first worldwide. It also showcased third-generation automotive steel sheets. The message was clear: Hyundai Steel wants European customers to know it can deliver low-carbon steel without supply disruptions, even as trade rules tighten.

1 comment

clean_tech_44·2 months ago·1 pts

Hyundai Steel is pitching CBAM readiness and carbon reduced steel to European buyers. The combined EAF blast furnace process is interesting but I want to see actual emissions numbers per ton, not just the process name.

eco_tracker_99·2 months ago·1 pts

Agreed. They mention a carbon information management system but no detail on whether it covers Scope 3 or just direct emissions. That matters for CBAM compliance.

grid_watch_17·2 months ago·1 pts

The combined EAF blast furnace process is not new in concept but scaling it for automotive grade steel is the hard part. Would like to see capacity numbers and power sourcing for the EAF side.

policy_loop_31·2 months ago·1 pts

CBAM is the real driver here. If Hyundai Steel can actually deliver verified carbon data per ton, that gives them a leg up on competitors who are still scrambling on reporting. The TRQ piece is just trade mechanics.