Worldwide steel producers in 2021 worked to make their plants more competitive – from the steelmaking process right through to the final product. The demand and the potential for production growth is high, but to be able to make use of them, steel mills need to upgrade their equipment on a regular basis.
However, it is not only the competitiveness factor that speaks in favor of such modernization: The International Energy Agency (IEA) set a 28 percent emissions reduction target for the steel sector in 2050 (compared to 2011). At the same time, the production is projected to grow by more than 50 percent over the same period. Steel mills that want to thrive in such a challenging environment need technologies that will help them future-proof their business.
With the SMS offer of innovative and high-quality technology, tailored to customers' requirements and plants, and efficient concepts for minimum downtime and fast ramp-up, we have again successfully implemented modernization projects in the market in 2021. All over the world, customers appreciate our competence in this field and trust in our technologies, know-how and partnership.