DGAP-News: Salzgitter Aktiengesellschaft
/ Key word(s): Agreement
Use of high-quality iron ore products for SALCOS® to be examined
The SALCOS® - Salzgitter Low CO2 Steelmaking program will play a prominent role here as by 2033, the Salzgitter Group will have achieved virtually carbon-free steel production thanks to SALCOS®, assuming the right economic conditions and significant public funding. Rio Tinto Chief Commercial Officer Alf Barrios said, “We welcome the chance to work with Salzgitter on ways to accelerate steelmaking, in keeping with our commitment to reduce emissions across the steel value chain. Salzgitter has one of the world’s most advanced green steelmaking projects. Rio Tinto is excited at the opportunity of supplying our product and combining our technical expertise with that of Salzgitter to help advance the SALCOS®-Program.” Salzgitter Flachstahl GmbH Chairman of the Management Board, Ulrich Grethe, commented as follows: “With this alliance, we want to combine the knowledge of both companies to make further progress with low-carbon steel production. In this context, the Salzgitter Group is relying on strong partners as set out in our ‘Salzgitter AG 2030’ Group strategy, line with its motto of ‘Partnering for Circular Solutions’.” The technical issues comprise the following in detail: optimizing pellet quality with respect to direct reduction with hydrogen, the use of lump ore and other iron carriers when reducing by hydrogen, and the production of a sinter for deployment in a direct reduction plant when reducing by hydrogen. Furthermore, the carbon emissions in the entire supply chain and opportunities for their registration and certification are to be examined. Both companies will also actively engage in this sphere as with low-carbon steel production and the requisite raw materials they can lay the foundation for achieving their sustainability targets and those of their customers. Rio Tinto produces iron ore in Canada and Australia. The Iron Ore Company of Canada (IOC) produces direct reduction pellets and blast furnace pellets, as well as concentrate in Canada. Rio Tinto Iron Ore produces lump and fine ore in the Pilbara region of Australia. Salzgitter AG is a leading European steel and technology company and a pioneer in low-carbon steel production with SALCOS®. For further information, please go to: www.salzgitter-ag.de and https://salcos.salzgitter-ag.com/de/ Contact for journalists: Olaf Reinecke Contact: Markus Heidler Head of Investor Relations Salzgitter AG Eisenhüttenstraße 99 38239 Salzgitter Phone +49 5341 21-6105 Fax +49 5341 21-2570 E-Mail ir@salzgitter-ag.de
07.06.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Salzgitter Aktiengesellschaft |
Eisenhüttenstraße 99 | |
38239 Salzgitter | |
Germany | |
Phone: | +49 5341 21-01 |
Fax: | +49 5341 21-2727 |
E-mail: | info@salzgitter-ag.de |
Internet: | www.salzgitter-ag.de |
ISIN: | DE0006202005 |
WKN: | 620200 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1369247 |
End of News | DGAP News Service |
|
1369247 07.06.2022
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.