Saarstahl Ascoval signs supply agreement with Mannesmann Precision Tubes

Saarstahl Ascoval, a company of the Saarstahl Group based in Saint-Saulve (France), has agreed to a long-term partnership with Mannesmann Precision Tubes (Mülheim an der Ruhr, Germany) to supply input materials for steel tube applications in the automotive and industrial sectors. The cooperation also includes close collaboration across the entire supply chain as well as development of custom logistics solutions to ensure efficient supply to end customers.

“We look forward to many years of partnership with Mannesmann Precision Tubes,” said Daniël Nicolaas van der Hout, Chief Sales Officer at Saarstahl. “This cooperation demonstrates that we have successfully positioned ourselves in the market as a pioneer in CO2-reduced steel.” Dr Dennis Stindt, President of Saarstahl Ascoval, highlighted the importance of the contract for the French location of the company and says he is looking to the future with optimism: “Saarstahl Ascoval has established itself in recent years throughout Europe as a manufacturer of CO2-reduced rail steel. But our steel is also in demand in other sectors, and supply contracts like this one with Mannesmann Precision Tubes allow us to secure a strong position across multiple industries. At the same time, these agreements also provide the necessary planning certainty for us to sustainably continue development of our plant.”

The Saarstahl Group has aimed investments in recent years at modernising and expanding the infrastructure of its electric steel plant and is therefore already able to produce low-carbon steel today. Steel produced by Saarstahl Ascoval is manufactured in an electric arc furnace using steel scrap. This reduces the carbon footprint by up to 70 percent, making it considerably more climate-friendly than steel produced with the traditional blast furnace-converter route.