This contract is crucial for LIBERTY Dunaújváros's green steel transformation, involving the installation of a modern EAF and upgrades to secondary metallurgy and the hot strip mill to produce high-value automotive products in Hungary. The project will engage experts from Hungary, Europe, China, and LIBERTY to define the EAF's detailed requirements, integrate it with existing systems, manage raw material supply, and assess environmental impacts. It will also determine construction partners and other necessary arrangements beyond the main OEM contract.
The feasibility study follows a thorough technical scoping and engineering study by Swiss-based NPT. The new EAF, with a capacity of over 1.5 million tonnes per year, will be supplied by CISDI with their advanced, energy-efficient technologies, offering flexibility in raw material usage.
The furnace will significantly enhance Dunaújváros's competitiveness and reduce CO2 emissions by 80%, improving air quality for residents. Supported by the Hungarian and Chinese governments, the project will be financed by Chinese banks, led by CITIC Bank, and insured by China's Export and Credit Insurance Corporation, Sinosure.
