Business News
Overview: Business News
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.
GMH Gruppe consolidates Open-Die Forging Group
19.01.2026
Kind & Co., Schmiedewerke Gröditz and Buderus Edelstahl aligned under a unified industrial structure.
Using hot slag as a source of waste heat
15.01.2026
Research project working on the use of slag for energy recovery for the local district heating network.
SMS integrates Metso's ferrous technologies
12.01.2026
Acquisition completed: SMS group has acquired selected technologies from Metso for the production of green iron.