Business News
Overview: Business News
ArcelorMittal ships first ethanol from pilot plant at Gent steelworks
31.12.2024
LanzaTech and ArcelorMittal have reached a milestone with the production of ethanol from ArcelorMittal's Steelanol plant in Gent. The ethanol produced by the plant from blast furnace emissions has reached a volume that allows it to be transported by barge.
Sail to build high-speed bar mill
30.12.2024
Indian steelmaker Sail has awarded a turnkey contract to Danieli for the design and construction of a 1 million tonne-per-year capacity bar mill and a new reheating furnace.
Outokumpu invests in a biocarbon plant in Germany to reduce its direct emissions
26.12.2024
Stainless steel maker Outokumpu is building a biocarbon plant in Sassnitz, Germany. The raw material produced there will be processed into biocoke in Tornio, Finland. The reducing agent made from renewable raw materials helps to reduce CO2 emissions in ferrochrome production.
Marcegaglia increases productivity in stainless steel plant through automation
24.12.2024
With the help of new automation systems at its stainless steel long products plant in Sheffield, UK, Italian steel company Marcegaglia aims to increase productivity from 250,000 tons to 500,000 tons per year.
Tata Steel Nederland conducts steel research in space
23.12.2024
While astronauts have a beautiful view of our planet, they also perform numerous experiments and studies that contribute to sustainable innovation. The European Space Agency (ESA) and Tata Steel Nederland (TSN) conduct joint experiments on the International Space Station (ISS) to gain knowledge of the thermo-physical properties of steel during casting.
Generational change takes effect in Familie Weiss Foundation
23.12.2024
The Familie Weiss Foundation, sole owner of SMS group, has ushered in a new generation in its top management. Heinrich Weiss, until now the sole director on the foundation’s Board, has handed over the reins to the next generation in the family.
SSAB is awarded financing for the transformation to fossil-free steel production
19.12.2024
Swedish steelmaker SSAB is granted SEK 1.45 billion ($133 million) in the framework of the Just Transition Fund, an EU fund that in Sweden includes support to the transition of the steel industry in Norrbotten. The funding will contribute to the transformation to fossil-free steel production of SSAB’s operations in Luleå.
Recycling Services Provider Konepeikko Orders Scrap Cutting Machine to Enhance Scrapyard Efficiency
17.12.2024
The automated cutting machine for steel scrap is located at steel producer Ovako Imatra in Imatra, Finland. The innovative solution promises more efficient scrap processing with reduced dust and noise emissions.
Innovating alloy production: a single step from ores to sustainable metals
16.12.2024
Max Planck scientists design a process that merges metal extraction, alloying and processing into one single, eco-friendly step. Their results are now published in the journal Nature.
GreenIron signs distribution agreement for fossil-free DRI
12.12.2024
Scandinavian Steel AB, a leading distributor of metals and GreenIron have signed a collaboration agreement. Under the agreement, Scandinavian Steel will become the exclusive distributor of GreenIron’s fossil-free iron, produced in Sandviken, Sweden.