Voestalpine to build low-carbon steel mill

2022-05-28 21:05:08 By : Mr. Nicholas Li

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Next year, the company will invest in two electric arc furnaces, the construction of which will begin in 2024. By early 2027, one electric arc furnace at each of the Linz and Donawitz sites should commence operations. The total investment costs will run to around €1 billion. Converting to EAFs from the coal-based blast furnace route allows carbon emissions to be significantly reduced, by around 30 percent.