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Austrian Steelmaker Offshores Production To … Texas – Business Insider


The plant, on Corpus Christi Bay, would be built by German industrial conglomerate Siemens and consortium partner, MIDREX Technologies, a US company that was acquired by Japanese steelmaker Kobe Steel three decades ago. The plant will use the MIDREX process to produce Hot Briquetted Iron (HBI), or sponge iron, an “excellent pre-material for the manufacture of crude steel.” And at least half of the plant’s capacity of 2 million metric tons will be shipped back to Austria, to the company’s steel production sites in Linz and Donawitz.

via Austrian Steelmaker Offshores Production To … Texas – Business Insider.

Great article about how cheap natural gas is a tremendous competitive factor for the Siemens plant locating to Texas.

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About NorthwestExpat

Economic developer and hobbyist photographer. My passions are family, skiing, hiking, Newfs, travelling and exploring the Great Northwest.

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