9,524.59 TRY BIST 100 BIST 100
4.52 CNY CNY CNY
34.72 EUR EUR EUR
32.54 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
45.49 TRY Interest Interest
88.76 USD Fossil Oil Fossil Oil
28.28 USD Silver Silver
4.43 USD Copper Copper
117.60 USD Iron Ore Iron Ore
385.00 USD Ship Dismantling Ship Dismantling
2,496.44 TRY Gold (gr) Gold (gr)

Liberty Steel is purchasing an electric arc furnace for its plant in Australia

British industrial and steel company Liberty Steel announced that it has signed a contract with Italian Danieli to supply a 160-tonne low-carbon electric arc furnace (EAF) for a factory in Wayalle (Australia).

Liberty Steel is purchasing an electric arc furnace for its plant in Australia

Liberty Steel is increasing production capacity at its Whyalla plant by constructing a new electric arc furnace (EAF) to be filled with scrap and other ferrous materials from its subsidiary Simec Mining and local scrap metal suppliers.

EAF is expected to achieve a 90% reduction in direct carbon emissions by 2025 compared to conventional blast furnace production. The construction of the furnace is planned to be completed in 2025, along with the renewal of the existing coke and blast furnaces.

Liberty Steel also plans to build a direct reduction plant (DRP) that can process local magnetite ore to produce direct reduced iron (DRI).

DRP will initially use a mixture of natural gas and green hydrogen, and will then switch entirely to hydrogen as it becomes available at scale.

These developments are part of Whyalla's CN30 plan, which aims to increase magnetite production to 15 million tons per year, to 10 million tons of DRI per year for green steel production and export in the country. Liberty Steel is phasing out coal-based steel production at its Australian plant.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Vale increased its iron ore production by 6.1% in the first quarter of the year

Wednesday, April 17, 2024

Sault Ste. Marie and Algoma Steel reach agreement on port project

Friday, April 19, 2024

MMK announces first quarter results for 2024

Thursday, April 18, 2024

India's steel consumption reaches 136 million tons

Friday, April 19, 2024

European Union reduces February DRI imports by 35.5%

Friday, April 19, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now