Voestalpine starts construction work on new steel plant in Kapfenberg

Austria: Voestalpine has held the official ground breaking ceremony for its new steel plant in Kapfenberg. Once operational in 2021 the new Euro350m plant will produce around 205,000t/yr of steel for the aviation, automotive and oil and gas sectors. The site is intended to replace the existing Voestalpine Böhler Edelstahl plant in Kapfenberg. The plant will use an electric arc furnace to melt down scrap combined with various alloy metals into special steels. It will operate using electricity generated from renewables.