France-based Saarstahl Ascoval, part of the Saarstahl Group, has announced that it has signed a long-term supply agreement with Germany-based Mannesmann Precision Tubes. The partnership includes the supply of steel semifinished products for pipe applications in the automotive and industrial sectors.
The companies will also cooperate closely across the entire supply chain and develop tailored logistics solutions to ensure efficient delivery to end customers.
Focus on low-carbon steel production
Saarstahl Ascoval highlighted its positioning as a supplier of carbon-reduced steel, produced via electric arc furnace technology using scrap. According to the company, this production route enables a carbon footprint reduction of up to 70 percent compared to conventional blast furnace-based steelmaking.
The company stated that contracts such as this provide planning security for its operations and support further development of its production facilities. The agreement also reflects growing demand for low-carbon steel beyond traditional segments, expanding into automotive and industrial applications.
Investments in EAF capacity underpin strategy
In recent years, the Saarstahl Group has invested in modernizing its electric steelmaking infrastructure, enabling large-scale production of environmentally friendly steel.
The cooperation with Mannesmann Precision Tubes is expected to strengthen its position in the European market for sustainable steel solutions.
