BlueScope May Reline Blast Furnace 6 at Port Kembla Steelworks
As announced in February, BlueScope is exploring options for the future configuration of the Port Kembla Steelworks, once Blast Furnace No 5 comes to the end of its current operating campaign, which is expected to occur sometime between 2026 and 2030. The initial focus is on the option to reline the currently mothballed No 6 Blast Furnace. The pre-feasibility assessment is well progressed as part of a rigorous multi-stage capital investment evaluation process, with further updates to be provided during 1H FY2022. The highly indicative capital cost is around AUD 700-800 million, likely to be spent over FY2023 to FY2025.
BlueScope said “This pre-feasibility work aligns with BlueScope's climate strategy and technology pathway. As part of the reline assessment, latest technologies available to reduce GHG emissions intensity will be evaluated as an integral part of the project. The strong earnings and cash flow capability of our Australian Steel Products business provides significant flexibility and optionality to adopt new technologies and iron making configurations as and when they are technically and commercially viable.”