Business News
Overview: Business News
Andritz to acquire Salico Group
09.07.2025
International technology group Andritz has signed an agreement to acquire Salico Group, headquartered in Italy and Spain, including its subsidiaries in the UK, USA, and India. Salico specializes in the design and manufacture of advanced finishing equipment for metal flat strip processing.
SMS enters into strategic partnership with Systems
08.07.2025
A strategic partnership for safety and sustainability in steelmaking: SMS now integrates Spray-Cooled technology from Systems into its solutions for electric arc furnaces and secondary metallurgy plants. Safer and more efficient cooling systems eliminate high-pressure risks while reducing emissions and maintenance needs.
EAF sets world record at Hubei Shunle
07.07.2025
Chinese steel producer Hubei Shunle has implemented two EAF Quantum electric arc furnaces from Primetals. With 50 melts per day, the EAFs hold a world record in electric steel production, according to the plant manufacturer Primetals.
Salzgitter Flachstahl to install hydrogen-ready walking beam furnace
02.07.2025
The Salzgitter Group, through its subsidiary Salzgitter Flachstahl, is investing in a new hydrogen-compatible walking beam furnace from Tenova Italimpianti. In these special furnaces in the hot strip mill, slabs are heated to up to 1,300 degrees Celsius before being rolled into steel strips (coils).
Global search for hidden copper
01.07.2025
A stronger circular economy for copper could significantly reduce emissions – but first, the industry must collect the copper scrap that is not currently being collected. In the following article, the authors of the McKinsey Energy and Materials practice group summarise the state of global scrap recycling and its role in decarbonisation based on their latest study.
Jinnan and Vale invest in direct reduction in Oman
30.06.2025
Metso has received a major order from Chinese steel manufacturer Jinnan Iron & Steel for process equipment for an iron ore concentration plant in Oman.
Thyssenkrupp Steel to upgrade slab sizing press
25.06.2025
An upgrade of the power and electrical system with new cycloconverter and low-voltage drives will ensure higher availability and a future-proof spare parts supply. Tailormade cooling solution enhances safety for personnel and equipment.
DFG funds new research group on circular steel at RWTH
24.06.2025
The German Research Foundation has approved funding for the Research Training Group “Circular Steel – Pioneering Climate-Neutral Steel for a Circular Economy.“
Zhongshou Special Steel achieves Milestone for Arvedi ESP Line
23.06.2025
One year after signing the contract, China's Zhongshou Special Steel Group and Primetals have installed the first rolling stand of the Arvedi ESP plant at the Zhongshou site in Luanzhou in the Chinese province of Hebei. The next step will be to install the remaining five rolling stands to complete the configuration with four high-reduction and five finishing mill stands.
ArcelorMittal halts plans for steelmaking using hydrogen in Germany
20.06.2025
For the time being, steel corporation ArcelorMittal will not be converting its blast furnace-based locations Bremen and Eisenhüttenstadt to climate-neutral production using hydrogen. Planning uncertainty was making it impossible to continue its DRI-EAF plans, the steelmaker said. This means that the company will not be claiming state funding.