Manufacturing News

New Baosteel agreement to pave way for sustainable steel production

A new agreement signed by leading steel producer Baosteel Group and four Australian universities could lead to more sustainable steel production.

The Shanghai-based Baosteel Group, one of the world’s top three steel producers, has partnered with Australian universities – The University of Queensland (UQ), University of New South Wales, Monash University and the University of Wollongong – to establish the Baosteel-Australia Joint Research and Development Centre.

Headquartered at UQ’s St Lucia campus, Brisbane, the centre will focus on developing knowledge and exploitable technologies with commercial relevance to the steel industry.

Research will focus on metallurgy and new materials, energy utilisation, environmental, sustainability and other new technologies.

Baosteel will provide up to $25 million over five years for research and development projects at the centre.

Assessment of research proposals from the four universities has commenced with funding to research in the centre to start from July 2011.

The Baosteel-Australia Joint Research and Development Centre represents the first R&D centre the steel company has set up overseas.

The centre will provide Baosteel with technological support through research projects and will explore a sustainable development route for the high carbon steel industry.

The R&D partnership sees the extension of investments by Chinese companies in Australian ore mining and supply chains into quality Australian research.

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