9,961.34 TRY BIST 100 BIST 100
4.86 CNY CNY CNY
35.33 USD USD USD
36.34 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
40.01 TRY Interest Interest
75.97 USD Fossil Oil Fossil Oil
29.61 USD Silver Silver
4.02 USD Copper Copper
98.35 USD Iron Ore Iron Ore
355.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,657.08 TRY Gold (gr) Gold (gr)

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

Italian car production falls to 68-year low

Saturday, January 4, 2025

Russian steel market 2024 summary and what awaits us in 2025?

Friday, December 27, 2024

2024 Steel Industry Assessment Report

Friday, January 3, 2025

How did Türkiye's imported scrap prices end December 2024?

Friday, January 3, 2025

India proposes to raise import duty to protect steel industry

Friday, January 3, 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