Korea Herald reported that South Korea’s second-largest steelmaker Hyundai Steel announced that its submerged arc welding A671/A672 has been recognized as a World Class Korean Product. The submerged arc welding A671/A672 is used for items to transport or store energy-related materials or chemicals that can withstand extremely high and low temperatures as well as high pressure. Before the submerged arc welding A671/A672, Hyundai Steel’s electric resistance welding door impact beam was listed as a World Class Korean Product in 2019. Other Hyundai Steel products on the list include HSS ROLL, caterpillar, and steel sheet pile. With the new addition, Hyundai Steel now boasts a total of 12 World Class Korean Products. The number is the largest among its peers in the steel-making industry, a feat that the company has maintained for 18 consecutive years. The World Class Korean Products scheme, jointly certified by the Ministry of Trade, Industry and Energy and the Korea Trade Promotion Corp, made its debut in 2001. It involves selecting beneficiaries among products and companies leading the global markets. Products that have over 5% global market share ranked within the top five in their market are selected as World Class Korean Products.