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BlueScope to build a new electric arc furnace at New Zealand Steel plant

Australian company BlueScope has announced that it will accelerate its feasibility assessment to build a new electric arc furnace at its New Zealand Steel plant.

31.05.2023 - 14:15

BlueScope to build a new electric arc furnace at New Zealand Steel plant

BlueScope aims to be carbon neutral by 2050.

The company announced that it will accelerate the feasibility study to build a new electric arc furnace at its New Zealand Steel plant. The construction of the electric arc furnace is estimated to cost approximately NZ$300 million and will be funded by the New Zealand Government.

The new arc furnace is expected to be operational by 2026 and is expected to reduce NZ Steel's Scope 1 and 2 greenhouse gas emissions by at least 45%.

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