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
Bunge closes agreement to acquire NWT grain elevator assets
(Posted on 04/11/25)Bunge has successfully closed its purchase agreement for the grain elevator assets of North West Terminal... Read more
NGFA applauds Senate committee for advancing Grain Standards Act reauthorisation
(Posted on 27/10/25)The National Grain and Feed Association (NGFA) in the USA has applauded the Senate Agriculture Committee... Read more
Rio Tinto announces board changes.
(Posted on 24/10/25)As Rio Tinto previously reported, the size of its Board peaked at 14 Directors during a transitional... Read more
ADM advances quality capabilities with new central milling laboratory
(Posted on 24/10/25)ADM , a global leader in human and animal nutrition, has celebrated the opening of its new Central Milling... Read more
Bunge announces reporting segment changes and recast outlook
(Posted on 20/10/25)Bunge Global SA has announced that it has changed its segment and volume reporting to align with the... Read more
Open Trade Coalition calls for bold and open EU trade policy
(Posted on 20/10/25)As the European Parliament prepares for the confirmation hearings of the new Commissioners, the Open... Read more
Rio Tinto Q3 results show strong production across the portfolio
(Posted on 14/10/25)Multinational mining company, Rio Tinto, has releases its third quarter 2025 production results showing... Read more
Robe River JV to invest $733m to extend Western Australia iron ore mine
(Posted on 08/10/25)Rio Tinto, Mitsui and Nippon Steel will invest $733 million1 (Rio Tinto share $389 million) to develop... Read more
Cargill deploys AI robot dog 'Spot' to enhance safety, reliability and innovation
(Posted on 07/10/25)Cargill has introduced Boston Dynamics’ four-legged robot, Spot, at its Amsterdam Multiseed crush... Read more
Holcim strengthens West Australia presence with BGC acquisition
(Posted on 07/10/25)Holcim Australia has announced that Cement Australia (CA) - its joint venture with Heidelberg Materials... Read more
