14,473.42 TRY BIST 100 BIST 100
48.08 USD USD USD
7.19 CNY CNY CNY
56.09 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.91 TRY Interest Interest
86.98 USD Fossil Oil Fossil Oil
6.75 USD Copper Copper
106.39 TRY Silver Silver
97.54 USD Iron Ore Iron Ore
377.25 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
97.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

HBIS Group starts a green revolution

HBIS Group plans to have a production capacity of 7.41 million tons of low carbon steel products by 2026.

HBIS Group starts a green revolution

HBIS Group, a major steel manufacturer based in Hebei Province, is leading efforts to drive the green transformation of the steel industry through the development of hydrogen energy technologies. The group’s Chairman, Yu Yong, emphasized the potential of hydrogen as a key energy source to reduce carbon dependence in steel production.

In December 2024, HBIS launched the world’s first hydrogen metallurgy continuous casting production line for automotive sheet steel at its Zhangxuan High Technology plant in Hebei. This new line, with an annual capacity of 1.5 million tons, is the first of its kind in the world and marks a significant step toward green transformation in steel production. The line is specifically designed to produce automotive sheet steel, a key material for vehicle manufacturing.

As China moves toward its carbon-neutral goals, HBIS has positioned itself as a key player in reducing the carbon footprint of the steel industry, which accounts for around 15% of China’s total emissions. The company has signed agreements with major automakers, such as BMW and Great Wall Motor, to promote a green supply chain. By 2026, HBIS plans to have a production capacity of 7.41 million tons of low-carbon steel products.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Jingye reiterates compensation claim following British Steel nationalisation

Wednesday, August 26, 2026

Germany's budget deficit increased to EUR71.3 billion in the first half of the year

Tuesday, August 25, 2026

Tsingshan considers tripling production at its steel plant in Zimbabwe

Tuesday, August 25, 2026

The U.S. will review China’s anti-dumping and countervailing duty measures on steel grating

Tuesday, August 25, 2026

63rd Damascus International Fair sets $10 billion trade target for Türkiye-Syria trade

Tuesday, August 25, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now