South Korean steelmaker POSCO has completed its largest electric arc furnace (EAF) in Gwangyang, South Korea. The 2.5 million-ton capacity facility, built with an investment of 600 billion won, aims to reduce carbon emissions by up to 75% by recycling scrap metal, advancing POSCO's lower-carbon steelmaking goals.
Anglo American has sold its five steelmaking coal mines in Queensland, Australia, to a UK mining company for up to $5.43 billion. The deal includes mines, joint ventures, and the town of Middlemount.
Anglo American is selling its five steelmaking coal mines in Queensland, Australia, to UK-based Dhilmar Ltd for up to $5.43 billion. The deal includes the town of Middlemount and is subject to regulatory approvals. This follows the collapse of a previous sale to Peabody Energy.
Australian PM Anthony Albanese offered assurances for Whyalla's steelmaking amid blast furnace issues. The government is also working with Nyrstar to secure operations in Port Pirie and Hobart, impacting over 1,000 jobs.
