Salzgitter and Baffinland will cooperate in production low-carbonaceous green steel

As reports Market Screener, the Canadian Baffinland Iron Mines Corporation ("Baffinland") and Salzgitter Flachstahl GmbH — the affiliated company Salzgitter AG — strengthen the cooperation, having signed the Memorandum of understanding (MoU) on studying of use of high-quality iron ore The territory of Nunavut (Canada) in production low-carbonaceous steel. Low-carbonaceous green steel makes a transition basis to pure power sources and is necessary practically for all aspects of global decarbonization. Availability of high-quality iron ore is a necessary condition for productions...