[SMM Iron & Steel] Czechia’s Nová Hut Invests $7.3M for New 1.5 MTPA EAF

Published: Feb 9, 2026 14:06

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Nová Hut (formerly Liberty Ostrava) in the Czech Republic announced a CZK 150 million ($7.3 million) investment for 2026 on February 3. The funds will be used for the preparatory construction of a new 1.5 mtpa Electric Arc Furnace (EAF). This move is part of the European steel industry's shift away from coal-dependent blast furnaces toward scrap-based or DRI-based production to meet emission targets.

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