8,643.88 TRY BIST 100 BIST 100
4.87 CNY CNY CNY
34.34 USD USD USD
37.42 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
45.07 TRY Interest Interest
75.11 USD Fossil Oil Fossil Oil
32.50 USD Silver Silver
4.45 USD Copper Copper
102.15 USD Iron Ore Iron Ore
374.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,026.19 TRY Gold (gr) Gold (gr)

British Steel has unveiled plans for "the biggest transformation in its history"

British Steel's future plans include making electric arc furnace steel production sustainable.

British Steel has unveiled plans for "the biggest transformation in its history"

The company's main aim is to be clean, green and sustainable, and it is expected to present a £1.25 bn transition proposal on the issue.

While British Steel's proposals aim to gain support from the UK Government, the company's current decarbonisation program is also accelerating.

Two electric arc furnaces (EAFs) can be installed, one at the headquarters in Scunthorpe and one at the production facility in Teesside.

The planned furnaces could be operational by late 2025. Current operations will continue until the transition to electric arc steel production is made.

The British Steel Low Carbon Roadmap was announced in October 2021 and promises technologies that will produce net zero steel by 2050 and significantly reduce CO2 intensity by 2030 and 2035. But the company is now offering to potentially accelerate its decarbonisation journey. New operating structure can reduce CO2 intensity by approximately 75%.

Based on the proposed future operations, the new steel plant in Scunthorpe will consist of 130 tonnes of EAF. Two 130-ton ladle furnaces, one 130-ton degassing machine and two continuous casting machines.

The new steel plant on Teesside will consist of a 100-ton EAF, a 100-ton ladle furnace, a 100-ton vacuum degasser and two continuous casting units to supply the Teesside beam mills and Skinningrove.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

China's steel demand expected to increase: PMI data support production

Tuesday, November 5, 2024

Malaysia initiates review of anti-dumping duties on stainless steel imports

Tuesday, November 5, 2024

China’s stainless steel exports increased by 33,7% in September

Tuesday, November 5, 2024

Kazakhstan government extends ban on scrap exports

Tuesday, November 5, 2024

Thyssenkrupp Steel Europe plans to renovate Duisburg plant

Tuesday, November 5, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now