Argentina's Sidersa invests $300 million to build low-carbon steel plant
2026-10-28 10:33:55 [Print]
Sidersa, an Argentine steel company, is building its first steel plant in San Nicolas de los Arroyos, Buenos Aires Province, with a US$300 million investment, using electric arc furnaces and local scrap to produce 360,000 tons of low-carbon steel annually.
The project, which has created hundreds of jobs and secured US$100 million from ICBC Argentina, is the first industrial beneficiary of the country's Incentive Regime for Large Investments (RIGI), offering tax breaks and long-term regulatory stability.
Currently 27% complete with production targeted for the first half of 2028, the facility promises up to 70% lower emissions than traditional methods. However, achieving these environmental goals hinges on the future integration of renewable energy, the maturity of domestic scrap collection, and sustained local market demand.
The project, which has created hundreds of jobs and secured US$100 million from ICBC Argentina, is the first industrial beneficiary of the country's Incentive Regime for Large Investments (RIGI), offering tax breaks and long-term regulatory stability.
Currently 27% complete with production targeted for the first half of 2028, the facility promises up to 70% lower emissions than traditional methods. However, achieving these environmental goals hinges on the future integration of renewable energy, the maturity of domestic scrap collection, and sustained local market demand.
