Latest market news

Tata Steel signs deal to build Dutch green steel units

  • : Metals
  • 24/05/27

Tata Steel Netherlands has signed agreements with Italian steelmaking equipment suppliers Danieli and Tenova to set up green steel production units at its plant in Ijmuiden city.

The company has selected the two Italy-based firms to provide engineering services for a direct-reduced iron plant and a 3mn t/yr electric arc furnace (EAF) at Tata Steel's Ijmuiden operations. Tenova will provide engineering, supply and advisory services for the EAF.

The move is part of Tata Steel Netherland's plans to achieve carbon neutrality by 2045. The first phase of the plan is aimed at reducing CO2 emissions by 40pc or a 5 megatonne cut by 2030. This involves replacing the No.7 blast furnace and a coke-making plant with the direct-reduced iron plant and the EAF.

Tata Steel will apply for the necessary permits to implement the first phase of the plan before the end of 2024. The firm's overall carbon emissions intensity totalled 2.21/t of crude steel, according to its 2022-23 financial report.

Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more