Business News
Overview: Business News
ArcelorMittal halts plans for steelmaking using hydrogen in Germany
20.06.2025
For the time being, steel corporation ArcelorMittal will not be converting its blast furnace-based locations Bremen and Eisenhüttenstadt to climate-neutral production using hydrogen. Planning uncertainty was making it impossible to continue its DRI-EAF plans, the steelmaker said. This means that the company will not be claiming state funding.
Jindal to upgrade billet casting plant in Oman
18.06.2025
With the introduction of new casting formats and quality grades for special steels (SBQ), the company aims to help meet growing demand from the construction industry on the Arabian Peninsula. The modernization will enable the production of new profile formats.
British Steel trials greener pellets in blast furnace test
17.06.2025
British Steel and Binding Solutions Limited (“BSL”) announced the successful completion of a 250 tonne industrial trial of BSL’s Cold Agglomerated Pellets (“CAPs”) in the Queen Bess blast furnace at Scunthorpe.
Thyssenkrupp Steel launches ramp-up of new continuous casting line 4
11.06.2025
With the start of trial operation and casting of the first slabs on the new continuous casting line 4 (SGA 4), Thyssenkrupp Steel has reached a significant milestone at its Bruckhausen site in Duisburg – the largest single investment project in recent decades.
Jiuli Yongxing builds fully integrated forging plant
10.06.2025
Chinese company Jiuli Yongxing is expanding its capacity for forging high-performance alloys with a free-form forging press. The new forging press and the existing radial forging machine from SMS together creates a fully integrated forging line.
A green hydrogen atlas for Germany
09.06.2025
Under the direction of the Fraunhofer Institute for Solar Energy Systems ISE, a consortium made up of research institutes, businesses and associations has published a hydrogen potential atlas as part of the PoWerD project. This atlas identifies and evaluates suitable locations for the production of green hydrogen by means of electrolysis.
Correctly planning energy storage systems on site
04.06.2025
A new analysis tool for energy storage applications in production has arrived from the field of research: companies are able to evaluate the technical and economic efficiency of energy storage systems using the ESiP Analyzer developed at the Fraunhofer IWU.
Tangsteel to upgrade continuous galvanizing line
03.06.2025
International technology group Andritz has received an order from Tangsteel High Strength Automotive Strip to upgrade and modernize the existing No. 5 Continuous Galvanizing Line at its facility in Tangshan, Hebei Province, China.
Green iron trade will catalyse steel industry decarbonisation
02.06.2025
Market research company Steelwatch presents a recent study explaining why decarbonising iron production will change the nature and location of iron production. In the following article, the analysts examine what transportable green iron is, where it could be produced or used, what advantages transportable green iron can offer, and address common concerns and solutions.
SMS acquires Circored direct reduction technology from Metso
30.05.2025
Metso has signed an agreement to sell its Ferrous business to the SMS group. The businesses to be divested include, for example, travelling grate pelletizing and the Circored direct reduction process, as well as the associated service business. Approximately 180 employees, primarily based in Germany, India and China, are planned to join the SMS group at the closing of the transaction.