Liberty Steel Group and China’s CISDI Engineering Co. formed a partnership agreement. The agreement enables Dunaferr to switch from coal-based steel production to electric arc furnace technology. The plan is to install a new electric arc furnace with a capacity of 150 tonnes, to be supplied by CISDI. The investment still needs to be approved by the EU regulator.
As part of the collaboration, the two companies will develop and implement a decarbonisation plan, reducing direct carbon emissions by up to 80%.