Business News
Overview: Business News
European green steel market on growth track
31.03.2023
The 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.
Potential of nuclear technology to decarbonize the Nordic steel industry
30.03.2023
In 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
Stahlwerk Annahütte orders reheating furnace as part of modernization strategy
29.03.2023
Germany-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.
German economy to stagnate in 2023 according to ifo Institute
28.03.2023
The 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%).
Positive results for Swiss Steel Group in 2022
28.03.2023
For 2022, Swiss Steel Group reports a decrease in sales volume of - 11% to 1663 kilotons compared to 1863 kilotons in 2021.
SteelAsia steel mill modernized by SMS group
28.03.2023
SteelAsia 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.
Takeover offer by SWOCTEM confirmed by Klöckner
28.03.2023
SWOCTEM 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.
Hydrogen in the glass industry: Saint-Gobain plans electrolyser construction
28.03.2023
The glass producer Saint-Gobain wants to use hydrogen and industrial waste heat for its production. A declaration of intent was signed for this purpose.
H-Tec Systems supplies electrolysers for the production of Bio-LNG
28.03.2023
Augsburg-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.
Missing solution for affordable industrial electricity prices
28.03.2023
On March 14, 2023, the EU Commission presented its proposal for a reform of the electricity market design.