9,078.43 TRY BIST 100 BIST 100
5.32 CNY CNY CNY
43.71 EUR EUR EUR
38.44 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
46.98 TRY Interest Interest
62.41 USD Fossil Oil Fossil Oil
40.43 USD Silver Silver
4.69 USD Copper Copper
99.25 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,035.64 TRY Gold (gr) Gold (gr)

Salzgitter and Klöckner & Co co-operate to increase green steel production in the market

Klockner & Co and Salzgitter Group will work together to increase the volume of green steel on the market, the two German companies announced on 23 May.

Salzgitter and Klöckner & Co co-operate to increase green steel production in the market

The steelmaker Salzgitter will deliver the CO2-reduced steel produced by the new hydrogen-based SALCOS production route to Becker Stahl-Service GmbH, a subsidiary of Klockner & Co, from the end of 2025 and sell it under the 'Nexigen' brand, under which Klockner & Co offers its CO2-reduced steel.

"Our partnership with the Salzgitter Group will enable us to significantly increase the availability of green steel for our customers and thus significantly strengthen the Nexigen brand offerings," said Guido Kerkhoff, CEO of Klockner & Co. "In this way, we can help our customers to continuously develop reliable and sustainable value chains."

"A key success factor for SALCOS is the close co-operation with customers and partners in line with our strategic mission 'Partnering for Transformation'," said Gunnar Groebler, CEO of Salzgitter. "The strong interest from industry, such as the automotive and home appliance sectors, and the trade in our CO2-reduced products show that the market for green steel products is gaining more and more traction."

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

Kocaer Steel broke production record in April

Friday, May 2, 2025

Project Qatar 2025 opens its doors for the 21st time

Friday, May 2, 2025

Partial recovery observed in UAE scrap market

Friday, May 2, 2025

GBP 94 million spent on nationalization of British Steel

Friday, May 2, 2025

The countdown has started for Made in Steel 2025

Friday, May 2, 2025
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