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10 Jun
06:25

GFG to modernise Australia Whyalla steelworks

GFG Alliance owner Sanjeev Gupta says the company plans to invest $1 billion to modernise steelmaking equipment and improve production capacity at the Whyalla steelworks in Australia, Kallanish notes. The producer plans to replace its 1.2 million tonnes/year capacity blast furnace with a direct reduced iron plant and electric arc furnace. Iron ore and scrap feedstock will come from GFG's subsidiary Simec Mining and local scrap suppliers. Th…
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