Business News
Overview: Business News
Employees welcome Jindal Steel’s offer to purchase the Steel division of Thyssenkrupp
17/09/2025
Thyssenkrupp is examining a bid from Indian company Jindal Steel to purchase its Steel division. Jürgen Kerner, Second Chairman of IG Metall and Deputy Chairman of the Supervisory Board of Thyssenkrupp AG, hails this as good news for employees.
Metso opens Circored pre-reduction pilot plant in Germany
16/09/2025
Metso has inaugurated its Circored pre-reduction pilot plant in Frankfurt, Germany. The investment reflects Metso’s commitment to advancing low-carbon technologies and supporting the global transition to fossil-free steelmaking, the company says.
Aurubis commissions steam accumulator system at Europe’s largest multimetal recycling site
15/09/2025
German Aurubis AG has reached another milestone for more climate-friendly metal production with the successful commissioning of a new steam accumulator system at the Lünen site, the company says. The multimetal recycler invested approximately € 10 million in the system, which significantly boosts energy efficiency but also saves about 5,000 tons of CO₂ annually.
Long-standing CEO of SMS group Heinrich Weiss passed away
12/09/2025
SMS group mourns the loss of Heinrich Weiss. The entrepreneur and former CEO of SMS group passed away on September 8 surrounded by his family.
Kardemir enhances digitalization at sinter plants in Karabük
09/09/2025
Advanced process optimization systems with closed-loop operation to optimize production, real-time data collection and analysis improve operational efficiency and reduce errors. Integration with SAP accelerates decision-making and reduces costs.
ArcelorMittal invests in thermal storage technology
08/09/2025
ArcelorMittal, the world's largest steel producer after China's Baowu Steel, is investing in Electrified Thermal Solutions through its innovation fund. The MIT spin-off has developed an electrically conductive refractory brick that stores heat at high temperatures to supply energy to industrial processes such as those in the steel industry.
Rainer Böse new CEO of ArcelorMittal Germany
04/09/2025
ArcelorMittal has appointed Rainer Böse as CEO of ArcelorMittal Germany. The 57-year-old manager will fulfil this mandate in addition to his role as CEO of the plants in Bremen and Eisenhüttenstadt.
Stahl Gerlafingen to upgrade wire rod mill
03/09/2025
The upgrade included an intelligent pinch roll and laying head utilizing electrical motors and drives, along with an automation system.
Novelis demonstrates UK´s first industrial-scale hydrogen fuel switching in the aluminium industry
02/09/2025
UK’s first hydrogen trial in aluminium recycling confirms technical feasibility and earns top global recognition for innovation in hard-to-decarbonize sectors at the IEA Hydrogen TCP Awards of Excellence 2025.
Thyssenkrupp Steel to install intelligent planning system
01/09/2025
Thyssenkrupp Steel has equipped its comprehensively modernised production network in Duisburg-Bruckhausen with an intelligent scheduling system. The new software solution promises highly efficient processes to provide high-quality products to customers.processes for high-quality products.