South Korea’s second-largest
steelmaker Hyundai Steel said Sunday that its submerged arc welding A671/A672
had been recognized as a World Class Korean Product.
With the new addition, Hyundai Steel
now boasts a total of 12 World Class Korean Products. The number is the largest
among its peers in the steel-making industry, a feat that the company has
maintained for 18 consecutive years.
The World Class Korean Products
scheme, jointly certified by the Ministry of Trade, Industry and Energy and the
Korea Trade Promotion Corp., made its debut in 2001.
It involves selecting beneficiaries
among products and companies leading the global markets.
Products that have over 5 percent
global market share ranked within the top five in their market are selected as
World Class Korean Products.
The submerged arc welding A671/A672
is used for items to transport or store energy-related materials or chemicals
that can withstand extremely high and low temperatures as well as high
pressure.
Before the submerged arc welding
A671/A672, Hyundai Steel’s electric resistance welding door impact beam was
listed as a World Class Korean Product in 2019.
The electric resistance welding door
impact beam is made of parts that are permanently joined by heating them with
an electric current, melting the metal at the joint, and is used in automobiles
to protect passengers from collisions.
Other Hyundai Steel products on the
list include HSS ROLL, caterpillar, and steel sheet pile.
“This year is meaningful for having
put high-performance steel pipe products that require weldability,
processability and stability in the plant sector on the list of World Class
Korean Products. We plan to strengthen our market competitiveness by expanding
World Class Korean Products to mobility and energy sectors through continuous
research and development,” an official from Hyundai Steel said.