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Press Releases

  • 27 April 2022

    voestalpine researching into hydrogen plasma for green steel production in an international showcase project

    voestalpine is striving to produce carbon neutral steel by 2050, in accordance with the European climate goals. The global Group is already working hard to develop highly innovative technologies and production processes with “greentec steel”, its ambitious phased plan. As part of the “sustainable steelmaking” (SuSteel) research project, the company will investigate the use of hydrogen plasma in a carbon neutral steel production process, in a new pilot facility at the voestalpine site in Donawitz. voestalpine is currently the world’s only steel manufacturer conducting research into the use of hydrogen plasma in steelmaking.

    Press Kit zip | 12.61 MB
  • 14 April 2022

    voestalpine Texas: sale of majority stake to ArcelorMittal

    voestalpine has been exploring strategic options for its direct reduction plant in Texas, USA, for the past year, and is now selling 80 percent of its shares ArcelorMittal. The enterprise value for 100% of the shares in voestalpine Texas is approximately EUR 900 million (USD one billion). Taking into account the expected debt development of voestalpine Texas as of today, the transaction will lead to a cash inflow in the amount of the equity value for 80% of the shares in voestalpine Texas of approximately EUR 610 million (approximately USD 680 million) at closing and thus to a significant reduction of the net financial debt of the voestalpine Group. This partnership also secures a long-term agreement for the Group to annually supply 420,000 tons of the hot briquetted iron (HBI) produced at the plant. This provides the basis for further decarbonization of steel production at Linz and Donawitz (greentec steel). In addition, the partnership reduces the high spot market risk for the quantities not required. The HBI plant has an annual production capacity of around two million tons.

    Press Kit zip | 141.16 MB
  • 10 April 2022

    voestalpine in negotiations to sell majority stake in voestalpine Texas

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