Spaeter Group and Salzgitter sign green steel supply agreement

The Spaeter Group, based in Duisburg, has become one of Germany's largest family-owned steel traders with revenues in excess of €2.1 billion in 2022.

The Spaeter Group has secured low-carbon steel to be produced and delivered by Salzgitter as part of the SALCOS project from the end of 2025.

Eike Brünger, Managing Director Sales and Logistics at Salzgitter Flachstahl GmbH: "The Salzgitter Group is always on the lookout for new partners to ensure that its climate goals are met... Our cooperation with the Duisburg-based Spaeter Group is further proof that customers are following us on our path to produce green steel. Our numerous partnership agreements show that markets for green steel are gaining traction in various customer sectors."

Producing green hydrogen using sustainable energy is a key element of SALCOS, as the steelmaker plans to convert coking coal-based steel production to hydrogen-based processes from the end of 2025 and become carbon neutral by 2033. As part of the conversion, direct reduction plants and electric arc furnaces will be built to gradually replace blast furnaces and converters.