Business News
Overview: Business News
Electrification and thermal energy storage in the steel forging industry
05/14/2026
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
05/13/2026
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
05/06/2026
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
05/03/2026
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.
Stainless steel brake discs significantly reduce fine particulate emissions and offer exceptional durability
05/01/2026
A stainless steel brake disc exhibits extremely low wear and has a projected service life of up to 300,000 km. In a wheel brake equipped with an inorganic brake lining, wear is reduced by over 85 percent compared to a gray cast iron brake disc and an organic friction lining.
Tata Steel is decarbonising its blast furnace
04/29/2026
Tata Steel has entered into definitive agreements with SMS h for the implementation of the new EASyMelt technology. Tata Steel intends to proceed with the phased first industrial demonstration of this technology in blast furnace E in Jamshedpur. Tata Steel’s objective is to cut CO2 emissions by more than 50 percent compared to the blast furnace’s baseline operation.
New materials sought – efficient and ecologically sound
04/24/2026
New, sustainable metallic materials and their manufacturing processes are the focus of the DaMic research project. Its sub-projects, eleven in total, aim to help set up a new field of research at the interface of digitalisation and sustainability.
Laboratory for the iron ores of the future
04/22/2026
Thyssenkrupp Steel is investing 2.4 million euros in the expansion of the existing blast furnace laboratory in Duisburg-Schwelgern. The investment supports efficient process control and raw material evaluation for the direct reduction plant.
Marcegaglia plans new steelworks in southern France
04/17/2026
Steel company Marcegaglia and Danieli jointly announce the signing of an agreement related to the implementation of a major steelmaking and flat rolling facility investment in Fos-sur-Mer, France, with an overall contract value of approximately €450 million including options and spares.