Business News
Overview: Business News
Thyssenkrupp Steel launches ramp-up of new continuous casting line 4
11.06.2025
With the start of trial operation and casting of the first slabs on the new continuous casting line 4 (SGA 4), Thyssenkrupp Steel has reached a significant milestone at its Bruckhausen site in Duisburg – the largest single investment project in recent decades.
Jiuli Yongxing builds fully integrated forging plant
10.06.2025
Chinese company Jiuli Yongxing is expanding its capacity for forging high-performance alloys with a free-form forging press. The new forging press and the existing radial forging machine from SMS together creates a fully integrated forging line.
A green hydrogen atlas for Germany
09.06.2025
Under the direction of the Fraunhofer Institute for Solar Energy Systems ISE, a consortium made up of research institutes, businesses and associations has published a hydrogen potential atlas as part of the PoWerD project. This atlas identifies and evaluates suitable locations for the production of green hydrogen by means of electrolysis.
Correctly planning energy storage systems on site
04.06.2025
A new analysis tool for energy storage applications in production has arrived from the field of research: companies are able to evaluate the technical and economic efficiency of energy storage systems using the ESiP Analyzer developed at the Fraunhofer IWU.
Tangsteel to upgrade continuous galvanizing line
03.06.2025
International technology group Andritz has received an order from Tangsteel High Strength Automotive Strip to upgrade and modernize the existing No. 5 Continuous Galvanizing Line at its facility in Tangshan, Hebei Province, China.
Green iron trade will catalyse steel industry decarbonisation
02.06.2025
Market research company Steelwatch presents a recent study explaining why decarbonising iron production will change the nature and location of iron production. In the following article, the analysts examine what transportable green iron is, where it could be produced or used, what advantages transportable green iron can offer, and address common concerns and solutions.
SMS acquires Circored direct reduction technology from Metso
30.05.2025
Metso has signed an agreement to sell its Ferrous business to the SMS group. The businesses to be divested include, for example, travelling grate pelletizing and the Circored direct reduction process, as well as the associated service business. Approximately 180 employees, primarily based in Germany, India and China, are planned to join the SMS group at the closing of the transaction.
How liquid metals enhance heat storage
29.05.2025
Extreme heat as an opportunity: For high-temperature industries such as the steel industry, waste heat utilisation is becoming increasingly important as an additional pillar of the energy industry. Using liquid metal heated to 700 degrees and their design expertise, researchers at KIT are working with pump manufacturer KSB to develop components for liquid metal-based heat storage systems.
Efficient carbon capture powered by centrifugal force
27.05.2025
Carbon Clean, a global leader in the provision of modular carbon capture solutions, has announced successful on-site checks on its new CycloneCC C1 technology on a commercial scale in the United Kingdom. This technology utilises centrifugal force to improve CO² absorption, and is able to capture up to 100 000 tonnes of CO² annually.
New design strategy for aluminium combines strength with hydrogen embrittlement resistance
26.05.2025
A new aluminum alloy design with scandium achieves 40% higher strength and five times higher resistance to hydrogen embrittlement compared to Sc-free alloys, without sacrificing ductility. The design has been successfully tested under near-industrial conditions, including copper mould casting and thermomechanical processing, showing clear potential for industrial-scale production.