Blastr Green Steel has signed a memorandum of understanding with Vogten Staal, a European steel service center, for the annual supply of its low-carbon steel, the Norwegian company stated on April 7.
The agreement with Vogten will enable Blastr’s low-carbon steel to reach more sustainable metal users and grant access to Vogten’s steel refinement services, including hot-rolled material pickling. The two companies did not disclose the volumes of the agreement.
Vogten’s production lines are located in Maastricht, the Netherlands. The company recently invested in a second production facility. When all new lines are installed, the annual production capacity of both facilities will be over 1 million mt, divided over three cut-to-length lines, two push-pull pickling lines, a slitting line and four shears.
Blastr is planning a direct-reduced iron, or DRI-EAF steel plant with an integrated green hydrogen production facility to produce 2.5 million mt of low-carbon steel in Inkoo, Finland. It is currently looking for the DRI location and exploring building it in the UK, a spokesperson told Platts, part of S&P Global Commodity Insights, on Feb. 3.
“The collaboration between Blastr and Vogten Staal reflects strong growth in demand for high-quality decarbonized steel in European markets,” Mark Bula, CEO of Blastr said.
“We are proud to partner with one of Europe’s leading steel service centers, which shares our commitment to mitigating climate change by making green steel available to a growing pool of customers,” Bula added.
This is the third offtake low-carbon supply agreement announced by Blastr in less than four months.
Platts assessed Northwest European hot-rolled coil carbon-accounted stable at Eur710/mt ex-works Ruhr on April 4.
