Growing CO2 emission price to increase DRI-based steelmaking efficiency, MEIS says

Growing carbon dioxide (CO2) emissions prices will increase the efficiency of steelmaking based on direct-reduction iron (DRI) compared to traditional basic oxygen furnace (BOF) steel production, Dmitriy Nikolayenko, Metinvest’s sales director said at the Middle East Iron & Steel (MEIS) event on Wednesday December 8.

In the case of natural gas-based DRI steel production, there were three parameters Metinvest has taken into account - the price of the natural gas, the price of coal mix and the carbon price. "Considering the current costs, based on averaging prices of coal mix in 2021 and natural gas averaging over 10 months...


Marina Shulga

December 08, 2021

18:16 GMT