23
May
04:30
NZ Steel partners with government for new EAF
New Zealand Steel has partnered with the government and Contact Energy for a new electric arc furnace at its steelworks in Glenbrook, Auckland, Kallanish notes from the company’s announcement.
NZ Steel aims to build the $300 million EAF within the next three years as part of the move to lower carbon production. The New Zealand Government will part-fund up to $140m from the Government Investment in Decarbonising Industry (GIDI) Fund, and the company has to co…
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Very good overview of the weekly steel market.
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