thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, announced a plan to cut around 5,000 jobs by 2030 through adjustments in production and administration.
Meanwhile, an additional 6,000 jobs will be transferred to external service providers or eliminated through the sale of business activities.
This plan

On October 22, VW announced the signing of a Memorandum of Understanding (MoU) with thyssenkrupp Steel, a unit of thyssenkrupp AG, at the International Suppliers Fair (IZB) in Wolfsburg, Germany.
The agreement ensures VW will receive low-carbon steel from Thyssenkrupp's future direct reduction plant, supporting the O

On October 15, Salzgitter Group announced that it is supplying SALCOS "green steel" to Allied Steelrode and Malben Engineering in South Africa for testing purposes. They will be the first tier-1 suppliers in this country to be using CO2-reduced steel for their customers' vehicle production. 
The SALCOS steel has obta

On October 14, KIRCHHOFF Automotive announced that it will be showing the latest developments in the field of lightweight construction and safety at the IZB exhibition. 
It will present the first use of "SIBORA" silicon-boron steel grade, developed in collaboration with Volkswagen AG and successfully tested on variou

thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, announced that it will present products and solutions for automotive industry at the IZB 2024 in Wolfsburg (Germany) from October 22 to 24, together with thyssenkrupp Automotive.
The highlights include (i) bluemint Steel, products for CO2-reduced steels,

Benteler Group (Benteler) revealed that it served as the main supplier for NIO’s ONVO L60 electric SUV.
The company was involved in the development process from the very beginning and supplied 14 assemblies and 7 components. It used ultra-high-strength steel, which increases safety and optimizes weight of EVs. The li

On September 27, Stegra, the Port of Narvik, and Kaunis Iron signed a Memorandum of Understanding to jointly explore the conditions for establishing a pelletizing plant at the former airport in Narvik, near the current Port of Narvik.
The agreement is one of the tracks Stegra is looking into for a long-term local sup

On September 26, ArcelorMittal announced that it will showcase its range of smart steel solutions for the automotive sector at three upcoming events: EuroCarBody from October 15 to 17, 2024, in Bad Nauheim; Internationale Zuliefererbörse from October 22 to 24, 2024, in Allerpark, Wolfsburg; and the EuroBLECH trade fa

On September 25, Stellantis announced the new Opel Grandland which introduces the STLA Medium platform, advancing electrification and supporting Opel's “Greenovation” sustainability strategy. One of the standout features is the integration of batteries into a circular economy model, alongside the sustainable use of m

On September 19, the Swedish Energy Agency announced that Stegra has been granted about EUR 100 million from the Industrial Leap to establish a fully integrated near zero emission steel production facility in Boden.
Earlier this year, the European Commission approved a EUR 265 million Swedish measure to support Stegr

On September 12, H2 Green Steel announced that it was changing its name to Stegra. Its purpose is to decarbonize steel industries. Stegra will do so by leveraging all three platforms it works with green hydrogen, green iron, and green steel. Stegra is a Swedish word that means ‘to elevate’.
H2 Green Steel was launche

On September 10, voestalpine Group announced that its Steel Division would withdraw from the business of cam units and sliding elements at the Linz site. It will gradually discontinue the business activities of voestalpine Camtec GmbH in Linz by the end of March 2026. 
Due to increased costs for energy and labor, alo

thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, announced that it will present its latest technologies for e-mobility and energy efficiency, together with thyssenkrupp Electrical Steel, at Coiltech 2024 in Pordenone, Italy, from September 18 to 19.
The highlights include non-grain-oriented (NO) and gra

On September 10, Volvo announced that it will start using more low-CO2-emission steel, made from recycled materials, in its trucks starting from next year. The new steel, SSAB Zero, will be supplied by Swedish steel company SSAB.
The low-CO2-emission steel is made from recycled materials and produced with fossil-free

On September 4, multiple sources reported that Değişim Çelik, one of the major suppliers of TOGG, has declared bankruptcy. Değişim Çelik was also serving many automotive companies. It is one of the major suppliers in the steel market.
Based on multiple sources 

U.S. President Joe Biden is said to be preparing to announce that he will formally block the purchase offer of Nippon Steel to buy U.S. Steel, a deal that the American company sees as beneficial even as union workers and politicians disagree.
On September 4, David Burritt, U.S. Steel’s president and CEO, said in a re

On August 28, FAW-VW announced the recent signing of a memorandum of cooperation (MoC) on low-carbon “green steel” with Baosteel in Shanghai.
The signing of the MoC marks that the two parties have taken a solid step in reducing the carbon emissions from steel sheets for self-produced stamping parts. Starting from car

On August 19, voestalpine AG announced that its Metal Forming Division signed new long-term contracts with two global truck manufacturers for the North American market. For this, it is expanding its production capacity at its site in Indiana, USA. The investment for the expansion amounts to USD 78 million and will cr