Business News
Overview: Business News
Huge demand for wire, cables, tubes and pipes in Saudi Arabia
24.04.2025
Saudi Arabia is a country with about 34.4 million inhabitants whose economy, according the OECD, is poised for substantial growth with a GDP projected to increase from 1.2% in 2024 to 3.8% in 2025. In this context, the country’s transformation program Vision 2030 plays an important role aiming to diversify its economy and to reduce its dependence on oil.
Hydro and Wilson launch energy efficient transport solution
23.04.2025
Norwegian Hydro and shipping company Wilson ASA chart a new course for energy efficient logistics operations with "Wilson Eyde." The new vessel will use wind assisted propulsion to transport pitch used by Hydro in the production of primary aluminium.
Tenova teams up with Coolbrook for climate-friendly steel production
22.04.2025
The two companies have announced a strategic partnership to electrify high-temperature metal production using RDH technology. The collaboration aims to replace fossil fuel-based process heat in high-temperature processes in the metal industries.
Jindal United Steel to upgrade hot strip mill
17.04.2025
Indian Steel company Jindal United Steel, a part of Jindal Stainless, has awarded Primetals a contract for the comprehensive upgrade of its hot-strip mill, which produces both plates and coils, at the Jajpur facility in Odisha, India. The project is intended to enhance both production capacity and product quality for plate manufacturing.
Newcleo and Danieli to explore nuclear powered green steel production
15.04.2025
Memorandum of understanding defined to explore integration of Newcleo LFR technology with Danieli Green Steel technology and plants.
Voestalpine to implement hydrogen-based ironmaking plant
14.04.2025
The industrial-scale prototype plant to be implemented in Linz, Austria, is to produce pig iron and pig iron briquettes by means of hydrogen-based fine ore reduction using the HYFOR process. The hydrogen-based direct reduction plant for fine ores will be coupled directly to the smelter for the first time.
Steel casting with TRIP/TWIP effect paves the way for safer and more sustainable components
11.04.2025
Fraunhofer IWU and the TU Bergakademie Freiberg have achieved a breakthrough in steel casting technology. Their development of a cold-formable, copper-alloyed austenitic steel cast with TRIP/TWIP properties marks a milestone in material science. It also opens up entirely new perspectives for safety-critical applications.
Benteler to upgrade seamless tube plant
09.04.2025
Benteler Steel/Tube, a leading manufacturer of seamless and welded tubes, has placed an order with SMS to upgrade its seamless tube mill in Paderborn-Schloss Neuhaus, Germany, with the advanced Carta neo SRM Technology System. The replacement of the existing system with state-of-the-art hardware and upgraded software is aimed at ensuring operational efficiency and high product quality
Study reveals Aluminium´s role as a frontrunner in industrial decarbonization
08.04.2025
A new study by Eunomia, commissioned by the International Aluminium Institute (IAI), has highlighted aluminium’s crucial role in industrial decarbonisation, comparing its emissions reduction pathways to steel, copper, container glass and PVC.
Jindal Stainless has granted the FAC for a new stainless steel production line
07.04.2025
Stainless steel producer Jindal Stainless (JSL) has granted the final acceptance certificate (FAC) to Primetals for a new stainless steel production line at its Jajpur, Odisha site.