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MGT magnetite mines limited.

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Understanding the demand for Green Steel, page-137

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KiiDaka

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30/09/22

12:58

Post #: 63964019
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Originally posted by MGT4eva: ↑

thyssenkrupp is accelerating the green transformation: Decision taken on the construction of Germany's largest direct reduction plant for low-CO2 steel

Construction of the first direct reduction plant will involve investments of more than two billion euros.
Thyssenkrupp reaffirms its leading role in decarbonization of the steel industry.
The plant with a capacity of 2.5 million metric tons will avoid the emission of 3.5 million metric tons of CO2
Low-CO2 premium steel: Leading competitive position in emerging green steel markets targeted.
Contract award is planned for fall 2022 – start of production in 2026. "

Great news for the planet. Question is, will they use the Submerged Arc Furnace (SAF) which allows low grade hematite to be used or will they utilize DRI tech that requires high grade ore? It was recently mentioned that Thyssenkrupp was looking at pioneering the SAF technology in the upcoming years however there was no mention of it in their press release. Maybe they changed their mind? Hmm.

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I read an article saying they will use DRI

link below if HC lets it.

I am still learning alot of these IO terms but seems to be they will need what MGT is going to provide?

could they even be our "unknown industry players"

https://reneweconomy.com.au/german-steel-giant-tech-breakthrough-to-steer-industry-away-from-coal/
MGT Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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Last 8.0¢		Change 0.002(2.56%)		Mkt cap ! $9.681M

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Understanding the demand for Green Steel, page-137

Top Stories

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Featured News

Buyers (Bids)

Sellers (Offers)

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