Vitkovice Steel signed a breakthrough memorandum with Vulcan Green Steel

Czech company Vitkovice Steel is taking a significant step towards green production by entering into a memorandum with Vulcan Green Steel, which is building a state-of-the-art steel plant in Duqm, Oman.

Breakthrough in steel production

Vitkovice Steel, a well-known producer of hot-rolled thick rolled products, has reserved 1 million tons of "green" slabs, which Vulcan Green Steel will produce from 2026. The plant in Oman will use exclusively renewable energy sources, which will ensure a minimal carbon footprint of the raw steel.

Ambitious plans of Vitkovice Steel

Vitkovice Steel aims to become one of the first European producers of low-carbon rolled steel. General Director Radek Strouhal noted that the involvement of a new supplier of raw materials produced using the latest technologies will strengthen the company's competitiveness.

"Attracting a new supplier of raw materials produced using the latest technologies is a breakthrough strategic step that will allow us to produce and supply to the market high-quality thick rolled products and blanks made of environmentally friendly steel", noted Vitkovice Steel General Director Radek Strouhal.

What does the market expect?

Completion of the Vulcan Green Steel steel complex is scheduled for 2026, and its initial production capacity will be 5 million tons of decarbonized steel per year. The use of "green" hydrogen from renewable energy sources will provide a carbon footprint of less than 0.6-0.7 tons of CO2 per ton of crude steel. Vitkovice Steel plans to receive up to 1 million tons of slabs with a thickness of 230 to 300 mm per year from this supplier.

Prospects for the future

Vitkovice Steel plans not only to increase the volume of steel production, but also to build the first warehouses for its products in Kyiv, Lviv and Dnipro. Such ambitious steps can significantly change the rolled steel market in Europe and promote environmentally friendly production.

"In the memorandum, we have reserved 1 million tons per year. We have not yet reached this volume of production, and we would like to produce about 600, 000 tons of steel this year, but this is our goal for the next few years, " Strouhal explained.

Editor: Emiliia Morozova