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| Siemens supplies slab caster to Korean group Siemens Metals Technologies received an order from Rotem, a company of the Hyundai Motor Group, for the supply of three 2-strand slab casters for the new integrated iron and steel works project of the Korean steel producer Hyundai Steel Company. The three casters will be installed at the steel producer's Dangjin Works and are scheduled for start-up in late 2009. The contract value for Siemens is a two-digit million euro figure. Hyundai Steel Company is Korea's largest electric steel producer and the second largest electric steel producer in the world. At three production sites in the Republic of Korea the company currently produces a total of approximately eleven million tons of steel per year comprising carbon steel products. The steel output will be expanded by approximately seven million tons at the company's Dangjin factory site, located south of Seoul in the northwestern part of the Republic of Korea, where a new steel works is currently being built. Siemens will supply its continuous casting technology and the related engineering and key components for three 2-strand slab casters which will be installed at the Dangjin plant site. The slabs will be cast in thicknesses of 225 and 250 mm and at widths ranging from 800-2,200 mm. The cast steel grades will include ultra-low-carbon to high-carbon steels as well as micro-alloyed steels. These will be rolled to coils which will be primarily used in the automotive industry of the Hyundai Motor Group and also in the household appliance industry. Steel which will be rolled to plates will be used in shipbuilding. This was the first time in the history of the Siemens Group that an order was received for the supply of three large-sized slab casters in a single project contract. write your comments about the article :: © 2007 Construction News :: home page |