Australia-based Alter Steel has announced the finalization of a contract with Italian plantmaker Danieli to supply advanced technology and equipment for its new $750 million steel mill in Pinkenba, Queensland. The project is expected to be completed in late 2027.
Green design meets local demand
Once completed, the Pinkenba facility will be a first-of-its-kind in Australia. The plant will produce 500,000 mt of reinforcing steel annually, use 100 percent locally-sourced scrap metal and be powered entirely by renewable energy. In addition, the Pinkenba mill will be the first in Australia to integrate multiple steel products within a single site, including wire rod, hot rolled mesh, spooled coil and bar.
Key stats for the project
| Metric | Value |
| Total investment | $750 million |
| Annual production capacity | 500,000 tonnes |
| CO₂ emission rate | 0.37 tonnes CO₂/tonne steel |
| Emissions reduction vs. blast furnace | 80% |
| Local scrap usage | 100% |
| Completion date | Late 2027 |