London - By replacing the coal-fired blast furnaces with direct reduction plants where iron ore is reduced with low-carbon hydrogen, thyssenkrupp Steel intends to make steel production climate-neutral in the long term.
Helsinki - Outokumpu has signed an agreement to divest the majority of the Long Products business operations to Marcegaglia Steel Group, a leading industrial group worldwide in the steel processing sector.
Luxembourg - Benteler Steel & Tube Manufacturing Corporation is a U.S. producer of seamless steel pipe, with an annual pipe rolling capacity of up to 400,000 metric tons at its production facility located in Shreveport, Louisiana.
Oslo - Agreement with NCL (North Sea Container Line AS) who will charter in two new container ships enabling carbon neutral operations from MPC Container Ships.
Helsinki - Canadian First Quantum Minerals (FQM) has awarded an order to Metso Outotec for two very large horizontal grinding mills for the company’s copper mine expansion in Zambia.
Frankfurt - Since the end of April the price of rebar has fallen by 26%. The prices for hot- and cold-rolled steel in north-western Europe suffered an even greater slump during this period.
