Business News
Overview: Business News
The revamp of the hot strip mill in Linz, Austria, will deliver uniform, controlled, and metallurgically tailored strip cooling profiles across the entire strip section and length. This modernisation
28.02.2026
The revamp of the hot strip mill in Linz, Austria, will deliver uniform, controlled, and metallurgically tailored strip cooling profiles across the entire strip section and length. This modernisation enables Voestalpine Stahl to develop new, sophisticated steel grades.
Rizhao Steel to upgrade ESP lines
24.02.2026
Chinese producer Rizhao Steel installed anti-bulging systems on all its five Arvedi ESP high-speed casters. According to Primetals, this upgrade keeps the Rizhao plant—the world’s largest ESP facility with over 11 million tons of annual capacity—at the cutting edge, Primetals says.
EU steelmakers call for urgent action on energy prices
19.02.2026
Steelmakers have called on the European Commission to address the high wholesale electricity prices undermining the decarbonisation and sustainability of EU production.
ArcelorMittal to install an EAF in Dunkirk
11.02.2026
ArcelorMittal confirms the construction of an electric arc furnace (EAF) at its steelmaking site in Dunkirk – a strategic €1.3 billion investment which marks a major step in the decarbonisation of ArcelorMittal’s steel production in France.
Metallurgy trade association to operate under a new name in future
09.02.2026
Salzgitter to take over HKM steelworks
07.02.2026
Thyssenkrupp Steel has come to an agreement with Salzgitter on the future of Hüttenwerke Krupp-Mannesmann (HKM): with effect from 1 June 2026, Salzgitter intends to take over HKM in Duisburg in full and continue its operation as sole shareholder on a reduced scale.
Nippon Steel to install world's largest electric arc furnace
06.02.2026
Jindal Steel Sohar EAF sets performance record
02.02.2026
Danieli has awarded Jindal Steel Sohar with a recognition for the record performance achieved at its steelmaking facility in Oman, operating a 220-ton electric arc furnace (EAF) supplied and commissioned by Danieli in 2014.
Tosyalı Algérie sets new world DRI production record
30.01.2026
Steel company Tosyalı Algérie has established a new world record for direct reduced iron (DRI). In 2025, Tosyalı Algérie’s module 2 achieved an output of 2.43 million tons, setting a new global benchmark during its first year of operation.
Worthington Steel to purchase steel distributor Kloeckner
22.01.2026
The US company Worthington Steel is offering $2.4 billion for the Düsseldorf-based steel distributor Klöckner & Co.