South Korea's POSCO develops HBI projects in Australia to reach carbon neutrality
Views : 159
Update time : 2023-03-10 17:35:56
In order to reach carbon neutrality by 2050, South Korean POSCO is actively seeking opportunities to develop low-carbon steel raw materials in Australia.
POSCO focused on the introduction of an electric furnace to reach carbon-neutral production. Among them, high-quality hot briquetted iron (HBI) is an important raw material for producing high-quality steel through an electric operation.
POSCO has planned the HBI-producing project in Australia and has evaluated the feasibility since last year. Also, the Western Australian government approved the application from POSCO for a land lease in the Boodarie Strategic Industrial Area.
Entering the Chinese New Year holiday, market trading is sluggish
Trade & Pricing: Europe's billet market trend 2024-2025
