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voestalpine, Austria announced EUR 1.5 billion for decarbonization

On March 22, voestalpine AG, a globally leading steel and technology group based in Austria, announced that an investment of around EUR 1.5 billion is being made into constructing one electric arc furnace (EAF) at each of the two sites, Linz and Donawitz. As part of its “greentec steel” plan, the plant and supplier d....

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