31.03.2023The transition from conventional to green steelmaking is characterized by great dynamism, especially within Europe. Green steel is synonymous with steel produced using green hydrogen as a replacement of coke and electric power from regenerative instead of fossil sources.
30.03.2023In a Memorandum of Understanding, stainless steel producer Outukumpu and Nordic energy company Fortum have expressed their intention to jointly investigate the potential of nuclear technology on the basis of Small Modular Reactors (SMR) to reduce the carbon footprint of Outukumpu’s steelmaking operations
29.03.2023Germany-based SAH Stahlwerk Annahütte specializes in the production of round bars and high-performance thread bar systems. Continuous investment in modern, future-oriented technologies and equipment has always been a key ingredient of the company mission. One of the company’s most recent investments is a new Danieli Centro Combustion walking-beam reheating furnace for billets.
28.03.2023The ifo Institute's economic forecast for 2023 and 2024 has been confirmed. As previously suspected, economic output this year will remain at roughly the same level as the previous year (-0.1%).
28.03.2023For 2022, Swiss Steel Group reports a decrease in sales volume of - 11% to 1663 kilotons compared to 1863 kilotons in 2021.
28.03.2023SteelAsia and SMS group have signed a performance improvement agreement. The aim of the future cooperation is to equip SteelAsia's steel plant in Calaca for the production of green steel with process automation and digitalization solutions.
28.03.2023SWOCTEM has published a voluntary public takeover offer to acquire the entire issued share capital of Klöckner & Co SE at a cash price of €9.75 per share. This has been acknowledged by the Management Board of Klöckner & Co SE. A statement by the Company on the Offer, on the Offer Price and the other terms and conditions, will be made at a later date.
28.03.2023The glass producer Saint-Gobain wants to use hydrogen and industrial waste heat for its production. A declaration of intent was signed for this purpose.
28.03.2023Augsburg-based electrolyser manufacturer H-Tec Systems reports the delivery of several PEM electrolysers to the Norwegian-Danish joint venture Grøn Brint Aps. They are to produce hydrogen for the production of bio-LNG.
28.03.2023On March 14, 2023, the EU Commission presented its proposal for a reform of the electricity market design.