A new type of steel able to withstand cryogenic conditions developed by Hyundai Steel will be supplied to manufacturers of LNG-run ships.
On February 5, Hyundai Steel signed a contract to supply a fuel tank material for LNG-run container ships being built by Hyundai Heavy Industries. The fuel tank material, which was developed in December 2020, is a thick, plate made of 9% nickel.
This thick, 9% nickel plate, made of ultra high performance steel, demonstrates outstanding impact-resistance in a cryogenic environment (up to -196 ℃) and has excellent weldability, making it an ideal material for systems such as LNG fuel tanks. Under the newly signed contract, Hyundai Steel will supply enough of this thick, 9% nickel plate to construct two ultra-large LNG-run container ships. Using this contract as a springboard, Hyundai Steel plans to acquire additional contracts to supply its newly developed steel for use not only in fuel tanks of LNG-run ships, but also for use at LNG plants and on-land storage tanks at LNG terminals.