Business News
Overview: Business News
Digital twin enables increased yield in synthesis processes
06/04/2026
Steel production generates large quantities of so-called furnace gases, which are rich in hydrogen and carbon oxides. Modelling the process of converting purified exhaust gases into methanol within a digital twin helps to optimise this process and significantly increase productivity.
Koji Sakatani appointed CEO of Primetals
02/04/2026
Sakatani, currently Vice President of Plants and Infrastructure Systems at the Mitsubishi Heavy Industries Group, will assume the position of CEO at Primetals Technologies effective April 1, 2026. His predecessor, Yoshiharu Ikeda, is retiring.
Iranian steel plants damaged by air strikes
02/04/2026
Iranian steelmakers Khouzestan Steel (KhSC) and Mobarakeh Steel were hit by air strikes attributed to the US and Israel, which damaged storage facilities and power infrastructure, officials said. The attacks are expected to reduce Iran's billet and slab production and export capacity.
Swiss Steel commissions the world's first electric forge
30/03/2026
The Swiss Steel Group has converted a forging furnace at its Finkl Steel-Sorel Québec plant from fossil fuels to electric power. Heating the furnace with green electricity not only reduces the carbon footprint but also brings numerous other benefits to the process and to the people working at the plant.
Tata Steel reduces emissions and energy consumption with high-temperature storage
25/03/2026
Kraftblock opened a new project at Tata Steel. A thermal storage has been implemented at the Jamshedpur plant in the Indian state Jharkhand. The system captures waste heat from the sinter cooler of Sinter Plant 3, stores it efficiently, and reuses it in the sinter process.
Roll forming can shape materials just as precisely as a press
23/03/2026
Presses require a large footprint, and both operating and capital costs for machines and tooling are enormous. Is there really no alternative to a press when forming precision components? A forming expert wants to prove the contrary: Roll forming can shape with the same precision as a press – at a fraction of the cost.
Salzgitter invests in the defence sector
20/03/2026
The steel company Salzgitter is investing more than two million euros in a new waterjet cutting system for heavy plate. According to the company, the technology is relevant for meeting the stringent market demands in the field of safety steels.
Tenova joins australian research consortium on decarbonisation
17/03/2026
Metallurgical plant manufacturer Tenova has officially joined the Heavy Industry Low-carbon Transition Cooperative Research Centre (HILT CRC), a leading research consortium dedicated to accelerating the decarbonization of heavy industry
The end of an era
16/03/2026
Commissioned in 1975, Blast Furnace No. 7 at Algoma Steel in Canada was once the largest blast furnace in the British Commonwealth. For five decades, it has supplied the steel behind critical projects and applications across North America. It is now being decommissioned.
New greenfield mini mill in Albania
12/03/2026
Turkish company Kurum Holding is investing in a new, endless casting and rolling mill for long products at its site in Elbasan, Albania.