9,367.77 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.53 USD USD USD
36.05 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.35 TRY Interest Interest
74.24 USD Fossil Oil Fossil Oil
30.90 USD Silver Silver
4.09 USD Copper Copper
100.80 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,982.57 TRY Gold (gr) Gold (gr)

Fortescue Metal Group to build first green steel plant

Australian iron ore miner FMG plans to build its first green steel plant.

Fortescue Metal Group to build first green steel plant
According to sources, with the increase in iron ore prices, Fortescue's net profit was 940 million dollar in December last year.
Andrew Forrest, founder of Fortescue Metals Group, reports that the company plans to build Australia's first green steel plant this year. In the following years, he said, a commercial plant would be built in the Pilbara.
The first of the company's production methods for fresh steel is to replace coal with hydrogen and add carbon. The second is to completely abandon the blast furnace and use only green electricity in the steelmaking process.
Andrew Forrest reports that FMG produces more than 2 million tonnes of greenhouse gases per year, with Australia's iron ore production accounting for more than 40% of global production.

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

South Korea's crude steel production decreased by 18.3% in October

Friday, November 22, 2024

SSAB and Saint-Gobain's slag reprocessing plant in Raahe progresses

Friday, November 22, 2024

US Steel Producer partners with Primetals Technologies for EAF Ultimate

Friday, November 22, 2024

Imported scrap prices on the decline, demand stagnant!

Friday, November 22, 2024

Roadmap for India’s steel sector: Demand, imports and future plans

Friday, November 22, 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