RE:RE:ArcelorMittal announces intention to build an EAF at AM/NSArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 18 countries. In 2019, ArcelorMittal had revenues of $70.6 billion and crude steel production of 89.8 million metric tonnes, while iron ore production reached 57.1 million metric tonnes Maybe not far off in speculating that they are having a boo at PYR's tech.
If not now...then probably sooner rather than later.
Ho hum...what a laydown for investors this is..,never seen the like of it!
Gotta get Green?
Gotta get PYR!
Carsonagenic wrote: Electric Arc Furnaces are part of the the steel making and is downstream of Iron Ore Pelletization process. and not within the scope of the PYR patent for torches. It is a completely different technology involved for making steel as to Iron Ore Pelletization. However, with Arcelor building this new facility, they will hopefully need more iron ore production to charge their steel furnaces at a reduced cost....hence that would be a connection to this PYR story. Any increase in steel production worldwide is a positive for Pyrogenesis.