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Sombre Smelting Slump Stifles Steel Sector Surge

ArcelorMittal and China Oriental Group’s joint venture has chosen ANDRITZ to supply advanced silicon steel processing equipment for a landmark project in Changzhou, China. The New Energy Magnetic Material project will support local NEV manufacturers with high-end silicon steel, driving decarbonization and technological progress. This move strengthens ANDRITZ’s role in the metals industry and signals renewed European confidence in China’s evolving industrial landscape.

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