The French company Saarstahl Ascoval, part of the Saarstahl group, announced the signing of a long-term supply agreement with the German company Mannesmann Precision Tubes. The partnership includes the supply of semi-finished steel products for tubular applications in the automotive and industrial sectors.
The companies will also work closely throughout the supply chain and develop customized logistics solutions to ensure efficient delivery to end customers.
Focus on low carbon steel production
Saarstahl Ascoval has emphasized its positioning as a steel supplier with low carbon content, produced using electric arc furnace technology using scrap. According to the company, this production route can reduce its carbon footprint by up to 70 percent compared to traditional blast furnace steel production.
The company said such contracts provide security for its business planning and support the further development of its production capabilities. The agreement also reflects the growing demand for low-carbon steel beyond traditional segments, expanding into the automotive and industrial sectors.
Investment in EAF capacity is at the core of the strategy
In recent years, the Saarstahl Group has invested in modernizing its electrical steelmaking infrastructure, enabling large-scale production of environmentally friendly steel.
The collaboration with Mannesmann Precision Tubes is expected to strengthen its position in
