POSCO begins construction of a factory with an electric furnace capable of producing 2.5 million tons per year, starting full-scale operation in 2026 = South Korea

It has been announced that POSCO, a major steel company, has begun construction of a factory in Gwangyang that will be equipped with a large electric furnace and will have an annual production capacity of 2.5 million tons.
The company has invested approximately 600 billion won (approximately 66,866,220,000 yen) to shift to a low-carbon production system.
The company decided to install a large electric furnace with an annual production capacity of 2.5 million tons. This electric furnace is scheduled to be completed at the end of 2025 and to begin full-scale operation in 2026.
POSCO uses pig iron produced in electric furnaces immediately, or applies a mixing technology that mixes it with pig iron produced in blast furnaces.
We will continue to produce products that Furthermore, the plan is to improve energy efficiency by using the exhaust gas generated during operation as residual heat from scrap.
If we can produce 2.5 million tons of pig iron per year using an electric furnace, we can produce up to 350,000 tons of pig iron per year compared to our own blast furnace method.
It is expected to reduce carbon dioxide emissions by up to 10,000 tons. By combining hot water, we can respond flexibly to the diverse needs of our customers. POSCO maintains the competitiveness of South Korea's steel industry and supports carbon neutral
They are calling on the government to protect infrastructure, resources, and other policies so that they can achieve their goals. Specifically, we will expand support for research and development (R&D) and capital investment related to hydrogen return former steel manufacturing technology, and provide stable and economical support.
The government is currently requesting policy protection measures related to support for building economical hydrogen and electric power infrastructure.