Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Japan-based Mitsubishi Heavy Industries (MHI) is set to build a zero-carbon steel plant at Austrian steelmaker’s Voestalpine’s complex, stated media reports. The project is nearing completion of its trial, and operations could begin in 2021.


The plant will use hydrogen instead of coal in the reduction process for iron ore. The steel plant would have an annual steel production capacity of 250,000mt.


For continuous hydrogen supply, MHI has also bought a stake in a Norwegian outfit that makes hydrogen-producing equipment. It also looks to acquire stakes in hydrogen producers in Australia.

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