Business News
Overview: Business News
Ovako to install a hydrogen ready rebuilt furnace
04.12.2024
Swedish company Ovako, a leading Nordic manufacturer of speciality long steel products, has converted the steel reheating furnace in the Swedish Boxholm rolling mill from oil to an environmentally friendly process. The new furnace is now powered by an oxyfuel mixture of oxygen and propane.
SSAB installs one of the world's most powerful EAFs
03.12.2024
Swedish SSAB wants to advance the production of green steel with one of the most powerful electric arc furnaces in the world. The electric arc furnace that is currently being built by SMS for the SSAB steelworks in Oxelösund, Sweden, will be equipped with the most modern digital medium-voltage injection system. The MMC system is crucial for maintaining the quality of the power grid
Sustainable material cycle for steel
02.12.2024
Hulamin improves product quality in aluminum rolling mill
28.11.2024
Aluminum producer Hulamin is modernizing its cold rolling mill at its Pietermaritzburg site in South Africa. Newly implemented Hot-Edge Inductors from Primetals on the outlet side of the aluminum cold rolling mill enable the production of high-quality cold-rolled aluminum strip that meets the requirements of the can packaging market.
ArcelorMittal postpones planned green investments in the EU
27.11.2024
The world's largest steelmaker intends to pursue the decarbonization of its European plants with the goal of achieving net zero by 2050, but will review the necessary steps in light of the economic and regulatory environment. The final investment decision will depend on developments in 2025.
Hydro starts battery and solar rooftop operations at Offenburg aluminium plant in Germany
26.11.2024
Aluminium and renewable energy company Hydro takes another step towards decarbonizing its aluminium plants by beginning local, onsite solar energy production and energy efficiency measures in Germany. The first systems in Offenburg have been completed and recently began interim operations.
New EAF will replace two outdated spout-tapping electric arc furnaces in the U.S.
25.11.2024
A US-based steelmaker, which has not been named, has recently ordered a 68-tonne Primetals Electric Arc Furnace (EAF) Ultimate equipped with Active Power Feeder power supply technology.
Thyssenkrupp Steel division plans to cut thousands of jobs
25.11.2024
Vale to supply DRI pellets to iron and steel works on Saar
21.11.2024
Rogesa and Brazilian iron ore producer Vale sign multi-year supply agreement for blast furnace pellets and direct reduction pellets.
Tata Steel plans corridor for liquid hydrogen and CO2 between Norway and Amsterdam
20.11.2024
Tata Steel Netherlands and Ecolog, along with various other partners, aim to import hydrogen and export CO2 from Amsterdam. They have announced the a study into the economic viability of what is known as a "trade corridor."