Hyundai Steel to Invest $5.8bn in New Sustainable Steelmaking Complex
Hyundai Steel has announced a $5.8bn investment in a new sustainable steel complex in Louisiana, US.
The project features a direct reduction plant based on ENERGIRON technology, jointly developed by Tenova and Danieli, which will be fully integrated with a steel mill on approximately 1,700 acres within the RiverPlex Mega Park.
Stefano Maggiolino, Tenova HYL President and CEO, said: “This important order confirms the choice of the market, showing the technological advantages of ENERGIRON and its capacity to meet the requirements of steel makers in the USA in terms of OpEx and sustainability.”
The ENERGIRON direct reduction plant is set to be the second installation of its kind in the US, with a planned annual production capacity of 2.5Mt of hot and cold Direct reduced Iron (DRI).
The Zero Reformer ENERGIRON technology will enable the production of DRI with 94% metallisation and 2.5% carbon content.
Marco Lapasin, Danieli VP, Centro Metallics, added: “It is an important technological achievement for us to provide a system that is flexible for the use of gas and capable of feeding two EAFs with an intrinsically safe and reliable solution such as HYTEMP.”