22
Oct
15:21
Voestalpine conducts Texas plant write-offs on HBI/scrap spread
Voestalpine has announced the need for a non-recurring write-off at its Texas direct reduced iron unit due to impairment of assets, which is mainly a consequence of the Covid-19 pandemic, Kallanish hears from the group.
The plant which went into full scale operation in 2017 produces around 2 million tonnes/year of hot-briquetted iron. Since 2019, the plant has been severely affected by high prices for iron ore and low prices for scrap. This decoupling is leading t…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous