News & Press Releases

Deutsche Bank and Primetals Technologies have reached agreement on the world’s first hedging concept that links currency options to sustainability goals. The framework agreement signed enables Primetals Technologies to hedge its currency risk with FX options with the bank over a period of four years. Should Primetals Technologies fail to meet the agreed sustainability targets, the company must pay a predefined sum to a contractually defined non-governmental organization.

In August 2020, Primetals Technologies received an order from HBIS Group Handan Iron and Steel to upgrade an existing BOF converter in the steel plant in Handan, China, to a KOBM (“Kombinierter Oxygen Blown Bottom Maxhütte”) converter including the complete automation system. Compared to a BOF converter, the combined blowing from top and bottom in a KOBM converter results in a better bath mixing, and metallurgical reactions are closer to the equilibrium.

In August, Primetals Technologies finished a revamping project of the long rolling mill at Stahlwerk Annahütte Max Aicher GmbH & Co. KG (Stahlwerk Annahütte) in Ainring-Hammerau, Bavaria, Germany. The project encompassed the modernization of the intermediate rolling train by replacing two existing Red Ring Series 1 stands with the latest design, Red Ring Series 5 stands. These stands allow for shorter change times and offer a prolonged lifetime of wear components. Mill operation and maintenance activities are benefited.

In June 2020, Primetals Technologies received the final acceptance certificate (FAC) for revamping No. 2 continuous pickling line for Kakogawa Works of Kobe Steel, Ltd. An iBox replaced the existing pickling tank, and it demonstrated the improved productivity of high-strength strips for automobiles, saving of energy, and reduction of acid solution consumption in operation after the revamping work completion.

voestalpine is an international technology corporation producing industrial goods. A four-strand continuous bloom caster supplied by Primetals Technologies went into operation at its Leoben steel production plant in July. The new caster is the most modern of its type in the world and has been designed for digitalization. Fully automatic casting was possible right from the very start. The CC4 plant replaces the previous CC2 caster. In four-strand operation, it is designed to produce 950,000 metric tons per annum of the highest quality blooms.