Hyundai Steel announced a $116 million investment program through 2032 targeting high-quality scrap & low-carbon production capabilities. The initiative includes new shredding equipment & sorting lines at Pohang & Dangjin plants. Initial investments focus on Gyeonggi Province facilities featuring crushers, sorting systems, & refining technologies, beginning construction in 2027 for 2028 launch. Pilot plants already operate at Pohang developing scrap upgrading technologies. The program aligns alongside South Korea's K-Steel Act strengthening scrap supply chains, positioning Hyundai Steel for competitive advantages as steel production transitions toward higher secondary material utilization.