Another major HBI contract for voestalpine in Texas
Construction of the voestalpine direct reduction plant in Texas, USA, is proceeding rapidly. Initial tests on sections of the plant have already commenced so that from today’s standpoint it can be assumed that production will start this summer, largely as planned. In future the Group will produce high-quality HBI (hot briquetted iron, or sponge iron), a sophisticated pre-material used in steel production, at the new site near Corpus Christi. Market demand for voestalpine HBI remains high. After having successfully secured long-term supply contracts with prestigious customers over the past months, voestalpine has recently signed another purchase contract which runs for several years with Mexican steel producer TYASA for several hundred thousand tons of the sponge iron from Texas.