Hyundai Steel Wins First Steelie Award

Hyundai Steel achieved a notable milestone by winning its first Steelie Award at the World Steel Association's annual event in New Delhi, India, on October 12. The company was recognized as the top performer in the Life Cycle Assessment (LCA) category for its work in standardizing LCA calculation guidelines. These guidelines aim to enhance the comparability of carbon emissions across various steel products.

The Steelie Awards, presented annually, honor member companies for their contributions to the steel industry, with six categories including low-carbon steel production, innovation, sustainability, education, and communications excellence. Hyundai Steel's LCA category victory acknowledges its efforts to minimize the variability in environmental impact assessments caused by by-product gas emissions during steel manufacturing.

The company achieved this by developing a precise calculation method and conducting extensive simulations across 24 different scenarios. This research, conducted in collaboration with Inha University since 2023, led to the acquisition of overseas Environmental Product Declaration (EPD) certification for blast furnace process products.

The recognition is significant as it validates Hyundai Steel's expertise in LCA calculation and management within a competitive global market. As LCA's role in quantifying environmental impacts throughout a product's lifecycle gains prominence, standardized guidelines like those developed by Hyundai Steel are seen as crucial for improving industry-wide reliability in environmental assessments.

A company representative expressed satisfaction with the industry's response to their efforts and pledged to continue providing reliable environmental information to the market.