The new EAF has an annual production capacity of 2.5 million tons of steel and was built with an investment of approximately KRW 600 billion (roughly $397 million).\u00a0Construction began in February 2024 and took more than two years to complete.\u00a0The facility\u00a0will\u00a0now\u00a0serve as a cornerstone of POSCO\u2019s low-carbon steel production system.\u00a0<\/p>\n
Unlike traditional blast furnaces that depend on iron ore and coking coal,\u00a0EAFs\u00a0mainly use recycled steel scrap, reducing energy use and emissions. POSCO\u00a0estimates\u00a0the\u00a0Gwangyang\u00a0EAF can cut carbon emissions by up to 75% versus conventional steelmaking.\u00a0<\/p>\n
POSCO is going beyond scrap-based steelmaking by developing its proprietary \u201cHaptang\u201d (hot metal mixing) technology, which blends molten iron from blast furnaces with steel produced in electric arc furnaces. The process is designed to\u00a0maintain\u00a0the quality standards\u00a0required\u00a0for premium steel products while reducing carbon emissions. Through this hybrid approach, PKX\u00a0aims to mass-produce high-value products, including automotive steel sheets and electrical steel, by 2030.\u00a0<\/p>\n
The EAF project forms part of POSCO\u2019s broader decarbonization roadmap. The company views electric arc furnace technology as an important intermediate step toward its next-generation\u00a0HyREX\u00a0hydrogen-reduction steelmaking process, which is expected to play\u00a0a central role\u00a0in its long-term carbon-neutral production system. POSCO\u00a0ultimately plans\u00a0to transition from coal-based steelmaking toward hydrogen-based ironmaking and\u00a0establish\u00a0a fully decarbonized production structure by 2050.\u00a0<\/p>\n
Per POSCO,\u00a0the completion of the\u00a0Gwangyang\u00a0EAF\u00a0represents\u00a0a key milestone in advancing low-carbon steel production and reflects POSCO\u2019s commitment to a decarbonized manufacturing model. The company noted that the facility will help meet rising global demand\u00a0for sustainable steel products while enhancing its competitive position in the transition to a low-carbon economy.\u00a0<\/p>\n
Shares of PKX have gained\u00a08.5% in the past year\u00a0against\u00a0the\u00a0industry<\/a>\u2019s\u00a02.4% decline.\u00a0<\/p>\n PKX Zacks Rank &\u00a0Other\u00a0Key Picks<\/p>\n PKX\u00a0currently carries\u00a0a Zacks\u00a0Rank #2\u00a0(Buy).<\/p>\n Other top-ranked stocks in the\u00a0Conglomerates\u00a0space\u00a0include\u00a03M Company\u00a0(MMM Quick QuoteMMM<\/a> – Free Report<\/a>) ,\u00a0Marubeni Corporation\u00a0(MARUY Quick QuoteMARUY<\/a> – Free Report<\/a>) \u00a0and\u00a0Griffon\u00a0Corporation\u00a0(GFF Quick QuoteGFF<\/a> – Free Report<\/a>) . ITT, MARUY and\u00a0GFF carry a Zacks Rank #2.\u00a0You can see\u00a0the complete list of today\u2019s Zacks #1\u00a0Rank\u00a0(Strong Buy)\u00a0stocks\u00a0here<\/a>.<\/p>\n The Zacks Consensus Estimate for\u00a0MMM\u2019s current-year earnings is pegged at $8.71\u00a0per share, indicating an\u00a08.1% year-over-year increase.\u00a0Its earnings beat the Zacks Consensus Estimate in\u00a0each\u00a0of the trailing four quarters, with the average\u00a0earnings surprise\u00a0being\u00a04.6%.\u00a0<\/p>\n The Zacks Consensus Estimate for\u00a0MARUY\u2019s current-year earnings is pegged at\u00a0$23.86\u00a0per share, indicating an\u00a08.8% year-over-year\u00a0decrease.\u00a0Shares of\u00a0MARUY\u00a0have gained\u00a048.7% over the past\u00a0year.\u00a0<\/p>\n The Zacks Consensus Estimate for\u00a0GFF\u2019s current\u00a0fiscal-year\u00a0earnings is pegged at\u00a0$5.17\u00a0per share.\u00a0Its earnings beat the Zacks Consensus Estimate in\u00a0three\u00a0of the trailing four quarters\u00a0and missed once, with the average\u00a0earnings surprise\u00a0being\u00a03.3%.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways PKX completed a 2.5-million-ton EAF at Gwangyang Steelworks as part of its decarbonization roadmap. POSCO estimates…\n","protected":false},"author":2,"featured_media":63388,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[380],"tags":[965,966,960,958,959,962,963,961,442,967,968,956,964,969,957],"class_list":["post-63387","post","type-post","status-publish","format-standard","has-post-thumbnail","category-posco","tag-financial","tag-financial-planning","tag-investing","tag-investment","tag-investment-advice","tag-online-investment","tag-online-stock-trading","tag-online-trading","tag-posco","tag-quote","tag-quotes","tag-stock","tag-stock-market","tag-stock-quotes","tag-stocks"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/63387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=63387"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/63387\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/63388"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=63387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=63387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=63387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Zacks](\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/06\/167887.jpg\"\/)
Image Source: Zacks Investment Research<\/p>\n