Industry News
Overview: Industry News
Outokumpu and Fortum partner for decarbonization
12.05.2023
Outokumpu, the global leader in sustainable stainless steel, and Fortum, a leading Nordic clean energy company, have signed a Memorandum of Understanding (MoU) to explore the decarbonization of Outokumpu’s steel manufacturing operations with emerging nuclear technology – Small Modular Reactors (SMR).
Blastr expands green steel value chain to Norway
12.05.2023
Blastr Green Steel plans to invest in an iron ore pellet plant in Gildeskål municipality in Northern Norway. The plant will supply the company’s recently announced green steel plant in Inkoo, Finland.
New heat treatment cooperation for battery materials
05.05.2023
AICHELIN Ges.m.b.H. from Austria secures important developments for Europe’s battery industry thanks to a strategic partnership with Chinese company KILNPARTNER, thus supporting the transformation towards e-mobility.
SMS group: Thomas Hansmann becomes CTO and member of the Managing Board
05.05.2023
Hans Ferkel takes over as CEO of the new SMS Innovation Hub for future technologies.
Ipsen Installs Vacuum Furnace at Taiwan Hodaka Technology
05.05.2023
Ipsen recently completed the installation of a TurboTreater vacuum furnace for a customer in Southeast Asia. Established in 2002, Taiwan Hodaka Technology Co., Ltd. is an aluminum extrusion supplier, specializing in high-end aerospace aluminum alloys. They also produce products used in the sporting goods, consumer electronics and automotive industries.
Fives and Baowu launch new electrical steel lines
26.04.2023
A wave of investments to serve the growing needs of e-mobility has prompted steelmakers to launch new electrical steel production facilities. Baowu Steel Group, the largest steel producer in China, is massively investing into the production of high-performance electrical steel at its Shanghai site.
Primetals: Nucor Steel orders hot-dip galvanising line
26.04.2023
Primetals Technologies has received an order from Nucor Steel Berkeley, a division of US steelmaker Nucor Corporation, for a new hot-dip galvanising (FVZ) line for the automotive industry. The line will be installed at Nucor’s plant in Huger, South Carolina. Nucor Corporation is the largest steel producer in North America and the largest recycler of materials in the Americas.
Volatile Commodity Prices Reduce Growth and Amplify Swings in Inflation
18.04.2023
Resurgent volatility in commodity markets will likely pose economic challenges in coming years even as prices decline Food and energy prices surged to near historic highs in recent years amid the pandemic and the war in Ukraine, which prompted major supply disruptions. This was accompanied by a sharp rise in the volatility of commodity prices as well.
Ohmi Press Works and Forging in Japan orders an energy-efficient, latest-generation ring rolling machine from SMS group
14.04.2023
Japanese forging company Ohmi Press Works and Forging has placed an order with SMS group for a RAW 500/400-4500/800 EH radial-axial ring rolling machine. This is Ohmi’s sixth ring rolling machine from SMS group.
NCA successfully starts production with an aluminum cold rolling mill supplied by SMS group
06.04.2023
At the end of February 2023, the new aluminum cold rolling mill (CRM) at North China Aluminum New Material Technology Co., Ltd. (NCA) in China successfully rolled its first coil. SMS group supplied and installed the mill in record time. After just 18 months from order placement, the CRM was successfully put into operation.