South Korea's steel industry is pushing a shift toward high-value products and low-carbon production to counter weak domestic demand and global oversupply. At the 27th Steel Day ceremony held by the Korea Iron & Steel Association, Chairman Chang In-hwa called for faster decarbonization and stronger cooperation with the government. Vice Minister Mun Sin-hak pledged government support for the transition. The event awarded 31 industry contributors, including Husteel CEO Park Hoon who received the Silver Tower Order of Industrial Service Merit for expanding capacity and competitiveness. The focus on low-carbon steel aligns with broader efforts to decarbonize heavy industry, though specific emissions targets or timelines were not detailed in the report.
