The completion and opening of the direct reduction plant in Corpus Christi, Texas, last year marked a milestone for the voestalpine Group in its task of securing pre-materials on a long-term basis. After finishing the six-month run-up phase, together with successful completion of all the performance tests, the plant became fully operational on April 1, 2017. As a result, starting in the business year 2017/18, the most advanced and largest plant of its kind in the world will produce two million tonnes of high-quality HBI (hot briquetted iron, or sponge iron) annually—a sophisticated pre-material used in steel production. After concluding the commissioning phase, the final project costs are now known, and amount to USD 1.012 billion. The plant has already achieved a positive result in its first month of full operation.
For the full press release, go to voestalpine.com.