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South Korea Blocks Shutdowns of Blast Furnaces – Argus Report

Steel News - Published on Fri, 14 Jun 2019

Image Source: Korea Bizwire
Argus reported that South Korea's national government has stepped in to block orders by three provinces to shut down Posco and Hyundai Steel's blast furnaces over alleged violations of emissions rules, temporarily averting a crippling of output in South Korea. Seoul's environment ministry asked the governments of Jeonnam, Gyeongbuk and Chungnam provinces to suspend their 10-day shutdown orders, pledging to find a solution to the problem within two to three months.

The ministry will form a panel of experts and industry officials to discuss alternatives for addressing the emissions issue. The provinces may ease their emissions rules if the environment ministry panel finds that mitigation measures will be too difficult.

The provincial orders would have affected blast furnaces at Posco plants in Gwangyang and Pohang and the Hyundai Steel complex in Dangjin. The 12 blast furnaces have combined capacity to produce about 53 million tonnes of crude steel.

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Posted By : Rabi Wangkhem on Fri, 14 Jun 2019
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