German plantmaker SMS Group has announced that it will supply a new mini-mill with integrated melting, casting, and rolling and including all electrical and automation systems for South Korea-based steel producer YK Steel.
Instead of relocating and upgrading an existing plant, originally planned at the end of 2021, YK Steel has decided to install a completely new mini-mill.
YK Steel will use the new plant to produce reinforcing steel with diameters ranging from 10 millimeters to 35 millimeters. The new plant with an annual capacity of 1 million mt of rebar aims to achieve more sustainable production at minimal operating costs. The mini-mill will start production in 2025 at the company’s Dangjin site.