BlueScope subsidiary abandons DRI plant project in US

Australian steelmaker BlueScope Steel has announced that its subsidiary jointly owned with US-based multinational corporation Cargill, North Star BlueScope Steel (NSBSS), has concluded a detailed scoping and development study for a potential direct reduction iron (DRI) plant at its Delta, Ohio, steelworks.
 
BlueScope stated that the forecast risk-adjusted returns are not sufficiently attractive to justify the investment. Accordingly, the shareholders of NSBSS, BlueScope and Cargill, have decided not to proceed to the next phase of the project at this time.