Voestalpine picks Texas for 2M-tonne DRI site

Mar 13, 2013 | 01:12 PM | Catherine Ngai

Tags  Voestalpine, Wolfgang Eder, DRI, HBI, Corpus Christi, San Patricio County, Nucor, catherine ngai

NEW YORK — Austria’s largest steelmaker, Voestalpine Group, has selected Corpus Christi, Texas, for its planned 2-million-tonne-per-year hot-briquetted iron (HBI) and direct-reduced iron (DRI) facility.

"We examined a total of 17 sites in eight countries for this project, the largest foreign investment in the group’s history to date," Wolfgang Eder, chairman of Voestalpine’s management board, said in a statement March 13. "In the end, Texas was the most convincing in terms of all the key criteria, including logistics, energy supply, a well-educated work force and the political environment."

The steelmaker said it is still negotiating with local authorities over a 500-acre site on Corpus Christi Bay in San Patricio County, and it expects to make a final decision on whether to proceed with the project before the summer.....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results