Business News
Overview: Business News
VinMetal to install two new production lines in Vietnam
20.05.2026
Founded in 2025, VinMetal is planning an integrated steelworks complex in Vung Ang, Ha Tinh, Vietnam, with an initial capacity of approximately 5 million tonnes per year. The company has signed a memorandum of understanding with Primetals regarding the greenfield project, which will include production facilities for long and flat products.
Nippon Steel makes transition to direct ownership in U. S. Steel Košice
18.05.2026
USSK to be positioned as a core operating hub in Europe in Nippon Steel’s global strategy.
Electrification and thermal energy storage in the steel forging industry
14.05.2026
Case study: The electrification of steel forging furnaces, combined with thermal energy storage (TES), is a cost-effective way to reduce emissions, enhance resilience and support flexible electricity consumption.
Digital forging laboratory
13.05.2026
A new simulation model from the Fraunhofer Institute for Mechanics of Materials IWM in Freiburg predicts weak points in forged components caused by incomplete grain formation (recrystallization). Embedded in an efficient digital workflow, this creates a digital forging laboratory that enables material and energy savings in forging processes.
Battery storage supports the steelmaker’s climate targets
06.05.2026
ArcelorMittal and EDF power solutions Deutschland sign contract for 25 MW battery storage facility in Bremen. The flexible solution helps stabilise the electricity grid and reduces energy costs.
Hyundai Steel is building an H2-ready DRI plant in the US
05.05.2026
The Korean steel producer Hyundai Steel has commissioned the Energiron consortium, Tenova and Danieli, to design and supply a direct reduction plant for the production of 2.5 Mtpy of hot and cold DRI.
Thyssenkrupp wants to keep steel division for the time being
03.05.2026
Thyssenkrupp has paused talks with India's Jindal Steel International about a possible sale of the German industrial group's steel unit, it said on Saturday. As the Essen-based group has announced, talks with the Indian steel company Jindal regarding a stake in the business have been put on hold.
Stainless steel brake discs significantly reduce fine particulate emissions and offer exceptional durability
01.05.2026
A stainless steel brake disc exhibits extremely low wear and has a projected service life of up to 300,000 km. In a wheel brake equipped with an inorganic brake lining, wear is reduced by over 85 percent compared to a gray cast iron brake disc and an organic friction lining.
Tata Steel is decarbonising its blast furnace
29.04.2026
Tata Steel has entered into definitive agreements with SMS h for the implementation of the new EASyMelt technology. Tata Steel intends to proceed with the phased first industrial demonstration of this technology in blast furnace E in Jamshedpur. Tata Steel’s objective is to cut CO2 emissions by more than 50 percent compared to the blast furnace’s baseline operation.
New materials sought – efficient and ecologically sound
24.04.2026
New, sustainable metallic materials and their manufacturing processes are the focus of the DaMic research project. Its sub-projects, eleven in total, aim to help set up a new field of research at the interface of digitalisation and sustainability.