The agreement provides for cooperation in the search for innovative solutions for the processing of ferrous metals
The Italian CEIP Scarl (consortium of steel producers in electric arc furnaces) and the company DRI d’Italia signed a memorandum to promote the decarbonization of the country’s steel sector. SteelOrbis informs about it.
The purpose of the agreement is to cooperate in the field of plant construction, marketing and sales of direct reduction iron (DRI).
According to the agreement, DRI d’Italia will be able to supply 2 million tonnes of DRI to CEIP Scarl members to partially replace imports of direct reduction iron as well as imports of scrap. The agreement also provides for cooperation in finding innovative technological solutions for the production and processing of ferrous metals that will be used in steel industry.
DRI d’Italia is owned by the Italian investment agency Invitalia, which is ArcelorMittal’s partner in the Acciaierie d’Italia steel plant.
As GMK Center reported earlier, Nippon Steel plans to produce iron through direct reduction using hydrogen to reduce carbon emissions and meet growing demand for green steel. At the same time, the company will continue to invest in the production of coking coal and purchase it for steel production.
Also, in December 2022, the Australian mining company Fortescue Metals signed the agreement with the Japanese Mitsubishi Corp. and European steel producer Voestalpine for the creation of an industrial prototype plant for the production of direct reduction iron (DRI). The DRI production process using hydrogen and electric steel melting furnaces at the Voestalpine site in Austria will be based on Primetals Technologies solutions.