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Dunaferr relaunches hot strip mill

Hungary's leading steelmaker Dunaferr has restarted its hot strip mill after a three-month break.

Dunaferr relaunches hot strip mill

A spokesman for Liberty Steel, which manages the bankrupt Hungarian steel mill, said that Dunaferr has restarted its hot strip mill after a three-month break.

This decision was taken last month following the restart of its No. 2 blast furnace and cold rolling mill and the stabilization of its coke batteries.

The spokesman said that this move means that "customers will once again be able to benefit from first-class steel products produced in Hungary starting from the end of this month."

This decision will somewhat ease the reported tight supply of hot rolled coil in Europe due to limited production and high import prices. Europe's leading HRC producer increased their offer prices again last week, but buyers say mills are unlikely to reach their target prices in the short term.

In 2020, the last year for which it published production data, Dunaferr recorded 1.18 million tons of crude steel production despite widely reported operational problems in the second half of the year. This is 19% lower than the previous year. The firm's BF1 has been dormant since last summer.


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