14
Apr
13:03
ArcelorMittal buys voestalpine Texas HBI plant majority stake
After exploring strategic options for over a year for its direct reduction plant in Texas, USA, voestalpine is now selling 80% of its shareholding in the plant to rival steelmaker ArcelorMittal, Kallanish notes.
The hot-briquetted iron project in Corpus Christi was announced in 2012 and started operating four years later. The costs of construction amounted to around €870 million ($1.012 billion at the exchange rate at that time). It was necessary to make unpl…
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Very good overview of the weekly steel market.
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