Voestalpine announced the launch of a joint project with Mercedes-Benz and TSR Recycling to produce green steel for the automotive industry using high-quality scrap. The primary objective of the project is to ensure the technical feasibility of using old scrap in the production of high-quality steel.
Despite the increasing demand for recycled materials leading to supply shortages, the European steel industry is not slowing down in its transition to green steel production. Therefore, a greater reliance on old scraps is expected in the future.
Voestalpine CEO Herbert Eibensteiner highlighted the importance of the green steel project by stating, "Voestalpine has been successfully working for decades to close production cycles in order to conserve resources and ensure raw material supplies. This unique collaboration with Mercedes-Benz and TSR Recycling offers us more opportunities and potential in the circular economy, and is another significant piece in the green steel production puzzle."
The company plans to replace two blast furnaces in Linz and Donawitz with electric arc furnaces (EAF) starting from 2027 as part of its greentec steel initiatives.
Voestalpine Management Board Member and Head of the Steel Division, Hubert Zajicek, commented on the topic, "Scrap is thus a valuable raw material and plays a key role in the transition to green steel production."
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