Business News
Overview: Business News
Yantai Walsin Stainless produces with new stainless steel combination mill
15.08.2024
Primetals has received the final acceptance certificate (FAC) from Yantai Walsin Stainless Steel for a new stainless steel combination mill, enabling Yantai Walsin to produce 420,000 tons per year of stainless steel and nickel alloy products.
SSAB selected Danieli as technology provider für fossil-free steel mini-mill
01.08.2024
Swedish steel company SSAB and Danieli have signed an Early Service Agreement (ESA) on the pre- and engineering phase for the Luleå mini-mill project in Sweden.Green H2 production commences in Germany
01.08.2024
German energy provider RWE commissions a 14-megawatt pilot electrolyser at Lingen. The plant is to provide insights for developing large-scale green H2 production facilities.
EU can ensure security of supply for critical raw materials with research and innovation
01.08.2024
Raw materials are crucial resources when it comes to prosperity and quality of life in the European Union. However, various raw materials are categorized as critical due to the uncertain supply situation. Through research and innovation, the European Union can improve its supply of critical raw materialsSalzgitter’s climate targets confirmed by Science Based Targets initiative
01.08.2024
Salzgitter AG is pursuing ambitious sustainability goals with its Group strategy and focus on the circular economy. With regard to climate action, it has developed both short-term and long-term science-based emission reduction targets based on and validated by the Science Based Targets initiative (SBTi).
Baoshan strengthens its special steel business
01.08.2024
Chinese steel manufacturer Baoshan Iron & Steel has rolled the first bar on the Kocks Reducing & Sizing Block (RSB) installed in its new SBQ rolling mill. With this investment, the steel producer has strengthened its market position and is further expanding its business activities in the field of high-quality special steels.Swedish startup GreenIron raises 8.7 million euros to build fossil-free iron plant
01.08.2024
GreenIron is preparing to deliver fossil-free iron in Sandviken, Sweden. Supported by SEK 100 million (approx. 8.7 million euros) of additional financing provided by existing shareholders, climate-neutral iron production is to begin by the end of 2024.
ArcelorMittal relies on photovoltaics in Neuwied
01.08.2024
A new photovoltaics system on the factory roof of the ArcelorMittal Steel Service Centre in Neuwied, Germany, is planned to make annual production of 4.1 million kilowatt hours possible. This would achieve network independence of over 50 percent at the site.ArcelorMittal becomes anchor shareholder of Vallourec
01.08.2024
ArcelorMittal, the world’s largest steel corporation, acquires strategic stake in Vallourec.
Reducing Energy Consumption in Metal Melting Using Induction Furnaces through Best Practices and Digital Melt Process Data Analysis
30.07.2024
Induction Crucible Furnaces: Ideal for Carbon-Neutral Metal Melting