Business News
Overview: Business News
Upcycling aluminium scrap into usable alloys
02.06.2026
With new processing strategies, complex aluminium waste could be converted into high-quality commercial industrial materials, rather than being downcycled or disposed of.
U. S. Steel to install DRI facility at Big River Steel
29.05.2026
U. S. Steel announced a $1.9 billion investment to build a new direct reduced iron (DRI) facility at Big River Steel Works in Osceola, Arkansas. According to the company, the new facility will be the first of its kind in the United States.
Plant manufacturer SMS group boosts profits
26.05.2026
The plant manufacturer SMS group increased its earnings before interest and taxes (EBIT) in the 2025 financial year by 8.2 per cent to €145 million compared with 2024, the company reported from its headquarters in Mönchengladbach. SMS sees India as a growth market.
VinMetal to install two new production lines in Vietnam
20.05.2026
Founded in 2025, VinMetal is planning an integrated steelworks complex in Vung Ang, Ha Tinh, Vietnam, with an initial capacity of approximately 5 million tonnes per year. The company has signed a memorandum of understanding with Primetals regarding the greenfield project, which will include production facilities for long and flat products.
Nippon Steel makes transition to direct ownership in U. S. Steel Košice
18.05.2026
USSK to be positioned as a core operating hub in Europe in Nippon Steel’s global strategy.
Electrification and thermal energy storage in the steel forging industry
14.05.2026
Case study: The electrification of steel forging furnaces, combined with thermal energy storage (TES), is a cost-effective way to reduce emissions, enhance resilience and support flexible electricity consumption.
Digital forging laboratory
13.05.2026
A new simulation model from the Fraunhofer Institute for Mechanics of Materials IWM in Freiburg predicts weak points in forged components caused by incomplete grain formation (recrystallization). Embedded in an efficient digital workflow, this creates a digital forging laboratory that enables material and energy savings in forging processes.
Battery storage supports the steelmaker’s climate targets
06.05.2026
ArcelorMittal and EDF power solutions Deutschland sign contract for 25 MW battery storage facility in Bremen. The flexible solution helps stabilise the electricity grid and reduces energy costs.
Hyundai Steel is building an H2-ready DRI plant in the US
05.05.2026
The Korean steel producer Hyundai Steel has commissioned the Energiron consortium, Tenova and Danieli, to design and supply a direct reduction plant for the production of 2.5 Mtpy of hot and cold DRI.
Thyssenkrupp wants to keep steel division for the time being
03.05.2026
Thyssenkrupp has paused talks with India's Jindal Steel International about a possible sale of the German industrial group's steel unit, it said on Saturday. As the Essen-based group has announced, talks with the Indian steel company Jindal regarding a stake in the business have been put on hold.