Business News
Overview: Business News
Salzgitter launches transformation of HKM with Germany's largest electric arc furnace
30.07.2026
Salzgitter subsidiary HKM is signing a contract with Tenova for the engineering, delivery, and installation of an electric arc furnace in Duisburg. Germany's largest electric arc furnace is featuring a capacity of up to 2.5 million metric tons. This represents a significant step towards decarbonizing steel production as part of the Salzgitter Group’s transformation strategy.
Indian steelmakers adapt to EU trade measures
27.07.2026
Indian steelmakers and European traders joined MEPS experts on a new webinar to reveal how the steel supply chain will adapt to stringent European import quotas, 50% tariffs and CBAM.
Practical ways to decarbonise the steel industry
23.07.2026
ABP Induction and H-Iron presented new solutions at the European Green Steel Summit 2026 in Düsseldorf.
British Steel is taken into public ownership to save UK supply
20.07.2026
Government brings British Steel into public ownership to protect UK steelmaking. The Chinese company Jingye Steel is demanding full compensation.
GMH Steel Group showcases its expertise in high-performance die-casting applications
15.07.2026
At “Die Casting China 2026”, which takes place in Shanghai from 15 to 17 July, Schmiedewerke Gröditz, Kind & Co. and Buderus Edelstahl will be exhibiting their combined expertise in high-pressure die-casting applications as part of the GMH Group’s Open-Die Forging Group.
Mongolia aims to develop its metal industry
13.07.2026
Copper, steel and gold: Mongolia intends to start processing its raw materials. A copper smelter and a steelworks are to be the first to undergo construction. Investments worth billions are on the horizon, according to GTAI.
JSW Steel is investing in electric steel production
09.07.2026
As part of JSW Steel's expansion into non-grain-oriented (NGO) electrical steel production at its Vijayanagar Works, Fives together with John Cockerill signed a contract to design and supply three processing lines.
Benteler opens new automotive plant in Morocco
07.07.2026
Automotive supplier Benteler has opened a new automotive plant in Kenitra, Morocco. The factory is designed as a digital and networked production facility. Industry 4.0 solutions promise efficient processes, high quality and maximum transparency.
Damage in metals increases under shear load
01.07.2026
The extent to which materials can withstand mechanical loads is crucial to the safety of components – e.g. in aeroplanes. Researchers have now discovered a previously unknown mechanism of damage in metals, which is particularly relevant to materials’ formability and safety with an eye to recycling processes.
Climate-neutral steel production in Germany can be profitable
26.06.2026
Transformation is achievable, a new study by Mannheim-based economists shows.