Press Releases

SSAB, using HYBRIT technology, which endeavors to revolutionize steelmaking, aims to replace coking coal, traditionally needed for ore-based steelmaking, with fossil-free electricity and hydrogen. SSAB has now also joined the European Clean Hydrogen Alliance. In July 2020, the European Commission presented its EU Hydrogen Strategy, underlined by the launch of the European Clean Hydrogen Alliance. The European Commission acknowledges the growing momentum for hydrogen as an essential

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Sage, the market leader in cloud business management solutions, announced that Ritchey Metals will implement Sage X3, an intuitive and customizable ERP solution, to support the company’s rapid growth and deploy a unified data strategy across its business operations. Established in 1965, Ritchey Metals is a preferred supplier of zinc, aluminum, and non-ferrous alloys across the die casting, electroplating and steel coating industries. With the help of Ascend Business

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Wuxi Paike New Materials Technology Co., Ltd., based in Wuxi, Jiangsu Province, China, has placed an order with SMS group to deliver the world's largest ring rolling machine for manufacturing components for aircraft engines. The RAW 1000/800-10000/1500-EH is the first ring rolling machine in the world that is capable of rolling jet engine rings with a maximum height of up to 1,500 millimeters. This dimensional capacity will enable Wuxi Paike to manufacture the rings required for the next

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The new direct reduction plant ordered by the Russian steelmaker OMK will be installed at Vyksa Steel Works. Part of the new complex for the production of slabs, seamless pipe and rail wheels, it will produce 2.5 Mtpy of top-quality Direct Reduced Iron (DRI) -virgin iron units used in EAF to produce the most demanding steel grades. The OMK investment and selected process route -Energiron DRI technology plus Danieli EAF- will be a benchmark for energy efficiency and environ

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According to the report published by Allied Market Research, the global automotive advanced high strength steel (AHSS) market generated $12.80 billion in 2018, and is estimated to reach $33.85 billion by 2026, growing at a CAGR of 13.1% from 2019 to 2026. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario. Increasing demand for lightweight automotive components and rise in vehicl

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Tenaris has announced USD 11 million investments at its melt shop in in Pennsylvania to expand the plant’s size range capabilities.  The steel shop ’s caster line will undergo upgrades to increase its steel bar size capabilities and improve safety, IT and automation systems at the mill.  The expansion will allow the facility to produce bars in a wider range of sizes, while securing a reliable source of billets for Tenaris’s seamless mills in Bay

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SSAB, LKAB and Vattenfall are taking a decisive step toward fossil-free steelmaking with the start-up of HYBRIT’s globally unique pilot plant for the production of fossil-free sponge iron. Swedish Prime Minister Stefan Löfven started up the plant together with Isabella Lövin, Minister for Environment and Climate and Deputy Prime Minister, Martin Lindqvist, President and CEO of SSAB, Jan Moström, President and CEO of LKAB and Magnus Hall, President and CEO of Vattenfall. S

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Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, today announces that the Company has received a new sustainability rating from ISS ESG, a leading international agency. ISS ESG covers more than 200 Metals & Mining companies across the world and bases its assessment of a company’s sustainability performance on approximately 100 criteria, selected specifically for each industry. Following the ass

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NLMK La Louvière, an NLMK Group company and one of the leading strip product manufacturers in Belgium, has begun the pre-assembly of three new finishing mill stands for its hot strip mill upgrade that will enable the company to expand the production of thinner, stronger and more environmentally friendly steel for customers in the EU. The pre-assembly is planned to last until November 2020, then dismantling of the old finishing mill stands will begin, followed by the installat

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In May, PJSC “Ilyich Iron and Steel Works of Mariupol” (Ilyich Steel) issued the FAC for the revamp of its 1,700 mm hot strip mill (HSM 1700). The revamp of HSM 1700 further increases MMKI’s competitiveness through the extension of product mix and range, improvement of quality, increase of productivity and reduction of production costs. Production capacity will grow from 1.36 to 2.5 million tons per year. A state-of-the-art automation system makes the plant ready for Industr

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