In support of Australia's independent steel production, Greensteel Australia has announced a USD 1.6 billion order to Danieli Group, a leading global steelmaking infrastructure group, to purchase the second and third phases of a proposed ultra-low carbon steel plant to build the next generation steel plant.
The order includes a direct reduced iron (DRI) plant, two electric arc furnaces, a structural steel rolling mill with high-speed rail capability and a second rolling mill for rebar. Delivery of this order, which includes three mills, two electric arc furnaces and the DRI plant, is expected in late 2026 or early 2027.
The order marks a significant milestone in Greensteel's plans to establish Australia's first ultra-low carbon steelmaking operation and strengthen the country's sovereign steelmaking capacity. Greensteel President and Executive Director, Mena Ibrahim emphasized the company's commitment to establishing Australia's most advanced steelmaking hub while contributing to the decarbonization of heavy industry and noted “Danieli is the world’s leading provider of advanced, high-technology steelmaking infrastructure. Bringing their expertise to Australia will immediately position this country among the ranks of the most advanced steel suppliers globally.”
Giacomo Mareschi, CEO of Danieli Group, stated: "We’re excited to be partnering with Greensteel on their plans to bring ultra-low-carbon steelmaking to Australia. From the very beginning we have been impressed with the boldness of Greensteel’s vision and their commitment to the industrial decarbonization agenda. We look forward to delivering on this commitment and bringing world-leading steelmaking capability to Australia."
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