Europe’s first steel plant in 40 years
(Posted on 09/05/18)
Construction has started on Europe’s first specialised steel plant in 40 years. Voestalpine is building a €350m factory in Kapfenberg, south west of Vienna, Austria.
The plant, which should take three years to complete, will be highly digitised, relying more on computer-monitoring of machines rather than the workforce standing in front of blast furnaces.
Europe’s steel industry has been in steep decline for decades, as cheaper producers such as China have undercut more expensive western counterparts. The new plant will have the capacity to produce 205,000 tonnes of high-performance steel annually, with a market value of €8bn. Customers are expected to be vehicle manufacturers, the aerospace sector, and the oil and gas industry.
Latest News
Rio Tinto, BHP and Fortescue to create safer workplaces
(Posted on 19/11/22)Rio Tinto, BHP and Fortescue are launching an innovative pilot programme aimed at helping to eliminate... Read more
AJ Steel agreement with KEZAD to expand in Abu Dhabi
(Posted on 19/11/22)Leading UAE steel pipe manufacturer and exporter, AJ Steel, has signed an agreement with the integrated... Read more
EU fertilizer industry calls for more comprehensive long-term strategy
(Posted on 13/11/22)Fertilizers Europe has welcomed the recognition of the European Commission that urgent and targeted... Read more
NGFA urge US Congress to prevent rail shutdown
(Posted on 09/11/22)The National Grain and Feed Association (NGFA) in the USA and 192 other members of the Agricultural... Read more
BHP and Rio Tinto to collaborate on new tailings technology
(Posted on 02/11/22)Global miners BHP and Rio Tinto have formed a partnership agreement to accelerate the development of... Read more
Trafigura signs German guaranteed US$800m loan agreement
(Posted on 26/10/22)Trafigura, a market leader in the global commodities industry, has entered into a USD800 million five... Read more
Blastr and Cargill Metals MOU for supply of green steel
(Posted on 26/10/22)Cargill’s metals business and Blastr Green Steel AS, a developer of decarbonized steel supply,... Read more
BHP releases Operational Review for quarter ended 30 September
(Posted on 20/10/22)Commenting on BHP’s newly released Operational Review, Chief Executive Officer, Mike Henry said... Read more
Partnership to decarbonise RTFT and boost critical minerals processing
(Posted on 14/10/22)Rio Tinto is partnering with the Government of Canada to invest up to C$737 million (US$537 million)... Read more
Partnership for renewable solar power at RBM
(Posted on 06/10/22)Richard’s Bay Minerals (RBM) will be supplied with renewable solar power through an agreement... Read more
