Business News
Overview: Business News
Chinese Fujian Kebao to increase silicon steel production capacity
19.03.2025
Fujian Kebao, a subsidiary of the Sanbao Group, plans to increase the production of silicon steel grades and tinplate. The Chinese steelmaker is expanding its production of electric steel with a 6-stand, continuous tandem cold rolling mill from Primetals.
Saarstahl accelerates digitalization in steel production
18.03.2025
New methods of steel production are on the research agenda of Saarstahl AG. Under the direction of the applied research institute Fraunhofer IZFP, the steel manufacturer is working with a total of 11 European partners from research and industry to develop a user-friendly digital platform for networked and optimized steel production.
Yoshiharu Ikeda appointed new CEO of Primetals
17.03.2025
Yoshiharu Ikeda, currently CFO of Primetals Technologies, will take on the new position of CEO. Andreas Weinhengst and Karl Purkarthofer have been appointed as the new CFO and COO, respectively. The changes will take effect on April 1, 2025.
ArcelorMittal to upgrade Hot-Strip Mill
13.03.2025
Primetals is supplying level 1 and 2 automation systems, some of the auxiliary drives and sensors for the hot strip mill in Sestao, Spain. The modernization is expected to lead to higher yields and better product quality.
New electric arc furnace in SSAB Oxelösund
12.03.2025
SSAB is replacing the blast furnaces in Oxelösund, Sweden with an electric arc furnace and associated raw material handling. The aim is for the new production system to be up and running towards the end of 2026. The Oxelösund mill is the first in the green transition of SSAB’s entire Nordic production system.
Dillinger has developed new steels for offshore wind farms
11.03.2025
Monopile production for offshore wind farms with customized new steels: Steel specialist Dillinger has developed new steel types in a research project together with materials scientists from Saarland University, mechanical engineers from RWTH Aachen University, and other partners.
Acciaierie Venete to install EAF
10.03.2025
Danieli will supply Acciaierie Venete with a new, 100-ton electric-arc furnace complete with new fume-treatment plant and material handling system, to be installed at Padova Works, in Italy.
Novelis successfully tests hydrogen in recycling furnace
05.03.2025
Novelis, the global leader in aluminum rolling and recycling, has successfully tested the use of hydrogen as a fuel for a recycling furnace at its UK plant in Latchford, Warrington. The company describes it as an important step towards carbon-neutral production.
Research for green steel production
04.03.2025
The German Federal Institute for Materials Research and Testing (BAM) is working with partner institutions in the European ZEROSTEEL project to reduce CO₂ emissions in steel production. The use of hydrogen and renewable energies is intended to make steel production more sustainable. The project is funded by the EU as part of the Horizon Europe programme.
Vinton Steel invests in new minimill technology for sustainable long steel production
03.03.2025
According to Tenova, the expanded and modernized Vinton Steel facility will double steel the production capacity to 400,000 tons per year while significantly reducing emissions, energy consumption, and operational costs, using state-of-the-art green technologies.