Hyundai Steel Co (Hyundai Steel) is involved in the production and distribution of steel and related products. It produces automotive interior and exterior panels, lightweight automotive parts, and special steel. The company offers products including H-beams, centrifugal casting tool steel rolls for hot rolling, caterpillar, unequal angle after unequal sides, steel plate piles, and parallel channels. Hyundai Steel also focuses on manufacturing and selling products such as iron bars, section steel, hot-rolled and cold-rolled coils, plates, heavy machinery goods, steel pipes, and lightweight solutions for automobiles. It serves various industries, including automotive, construction, energy, home appliances, and shipbuilding.

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Hyundai Steel has undertaken a range of R&D initiatives focused on developing advanced steel products and process technologies. These initiatives include the development of ultra-high strength steel for automotive applications, eco-friendly materials, and energy-saving technologies. The company is also working on new carbon-reducing processes and products, as well as enhancing process technology and operational productivity. The R&D units of Hyundai Steel include the R&D Headquarters, Product Development Center, Plate Development Department, Applied Technology Lab, Advanced Development Department, Process Research Center, Process Research and Development Office, DX R&D Department, Low-Carbon Technology Development Office, and R&D Planning Office. These units are responsible for managing the company's R&D activities, focusing on product development, process improvement, and technology enhancement. In FY2025, the company spent KRW280.3 billion on R&D, which as a percentage of revenue stood at 1.2%.