Hyundai Steel joined forces with the Korea Gas Technology Corporation to revitalize the plant industry and strengthen its expertise.
A strategic memorandum of understanding (MOU) was signed for plant technology cooperation at the Dangjin Integrated Steelworks on December 9 with Sales Director Lee Jae-hwan and Director Cho Yong- don, head of the Technological Business Division at the Korea Gas Technology Corporation in attendance.
The MOU promotes joint technological responses between Hyundai Steel and Korea Gas Technology Corporation to strengthen their competitive edge in securing plant business projects in Korea and abroad for the next three years. Through the MOU, Hyundai Steel anticipates a sales expansion for the newly developed steel grades of 9% nickel (Ni) thick plate and cryogenic rebar, as well as structural steel for LNG plants. The 9% Ni thick plate developed by Hyundai Steel is a supercapacity structural steel that is highly resistant to breaking on impact even in extremely low temperatures, and has excellent welding performance, which makes it a great material for LNG tanks. Elements such as manganese, nickel and aluminum were added to the cryogenic rebar, which was manufactured through the Thermo Mechanical Control Process (TMCP) for maximum impact toughness (for prevention of breakage on impact) even in extremely low temperatures down to -170 °C.