Going Green: New Indian Owner Shuts Down Coke Ovens at Former Troubled Steel Mill in Hungary
- 11 Jun 2024 7:26 AM
- Hungary Matters
Hungarian steel maker Liberty Dunaújváros has started shutting down its two coke ovens, Indian owner Liberty Steel said.
The coke ovens, which are inefficient and difficult to maintain, are being shut down as Liberty Dunaújváros prepares to make the switch to green steel.
Liberty Steel noted that it had recently signed a contract with China’s CISDI Engineering on the delivery of an electric arc furnace that would cut carbon emissions by around 80%.
In the meantime, Liberty Dunaújváros is working to ensure employees affected by the measure are retrained and transferred to other areas within the company.
Liberty Steel acquired the assets of troubled steelmaker Dunaferr for 20 billion forints in a liquidation procedure in the summer of 2023.
In a separate statement, the national economy ministry said the government will support the technology transition at Liberty Dunaújváros with all means at its disposal and pointed to employment programmes that could smooth the switch. The government remains in close contact with the company, it added.
Click here to know more about Liberty Steel Group
MTI Photo: Szilárd Koszticsák
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