Thyssenkrupp awards SMS Group contract for low-carbon steel production site

Kitco Media
By Reuters
Published:
Updated:
Reuters
FRANKFURT, Feb 24 (Reuters) - Thyssenkrupp is awarding German engineering firm SMS Group with the contract to build a planned direct reduction plant to make low-carbon steel, it said on Friday, a project worth more than 2 billion euros ($2.12 billion). Thyssenkrupp had made the decision to build the site, which will produce 2.5 million metric tonnes a year and save 3.5 million tonnes of CO2, last year as part of efforts to bring down emissions in steel production. ($1 = 0.9448 euros) (Reporting by Christoph Steitz; editing by Matthias Williams)

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