POSCO Electric Arc Furnace Launch Set for June 2026 at Gwangyang Plant

SUPERMETALPRICE

03/11/2026 1

POSCO Electric Arc Furnace Launch Set for June 2026 at Gwangyang Plant

Post Views: 137 POSCO POSCO Electric Arc Furnace Launch Signals Shift Toward Efficient Steelmaking The POSCO electric arc furnace launch marks a major step in the company’s steelmaking transition. The new facility will start operations in June 2026. POSCO is building the new unit at its plant in Gwangyang. The electric arc furnace will produce 2.5 million tons of steel annually. Construction began in 2024 and concluded in 2025. The project supports the company’s strategy to improve energy efficiency and modernize production. Additionally, the new furnace strengthens POSCO’s ability to integrat...

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One response

Michael Davis
POSCO is finally going in earnest toward expanding electricity. In the past, it was centered on blast furnaces, but times have changed a lot. There are environmental regulations and energy efficiency issues, so this trend seems to be faster in the future.
However, in order to expand to electricity, supply and demand of scrap is the key, and I’m a little worried about whether the domestic scrap market will follow stably. It starts with internal scrap, but if it’s 2 million tons per year, you’ll need a lot of external procurement.
Still, 2.5 million tons in Gwangyang is a considerable investment, and I think it’s a choice to secure competitiveness in the long run. POSCO seems to have taken the right direction because the steel industry is in an era where both carbon and energy issues must be considered. We have to see how the results will be after the actual operation.
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