Primetals Technologies

Name

Primetals Technologies

Legal name

Primetals Technologies Austria GmbH

Website

https://primetals.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Metallurgical Plant Equipment and Engineering

NAICS

Agriculture, Construction, and Mining Machinery Manufacturing (3331), Iron and Steel Mills and Ferroalloy Manufacturing (33111), All Other Miscellaneous General Purpose Machinery Manufacturing (333998)

SIC

Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310), Construction, Mining & Materials Handling Machinery & Equip (3530), Metalworkg Machinery & Equipment (3540)

akta.pro primary industry

Integrated Steelmaking (BF-BOF) (IMAKABAA)

akta.pro secondary industries

Electric Arc Furnace (EAF) Steelmaking (Incl. DRI/HBI-Based) (IMAKABAB), Iron Ore Mine Development & Expansion (EPC, Construction, Commissioning) (IMAKAAAB)

Keywords

• Metallurgical plant engineering
• Ironmaking and steelmaking
• Continuous casting technology
• Electric arc furnaces
• Direct reduction iron

Headquarters

HQ city

Chiswick

HQ country

United Kingdom

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Equipment Supply and Plant Engineering: Design, engineering, supply, and commissioning of metallurgical plants and equipment for steel producers. Includes electric arc furnaces, continuous casters, rolling mills, and associated automation systems. Revenue is project-based with long sales cycles.
2. Lifecycle Services and Maintenance: Ongoing services including maintenance, repairs, spare parts, automation software maintenance, and optimization services throughout the plant lifecycle. Provides recurring revenue from the installed base of 7,000+ references.
3. Technology Licensing and Royalties: Licensing of proprietary technologies including Arvedi ESP, MIDREX, HYFOR, MEROS, and other branded process technologies to steel producers globally.

Go-to-market motion3 records

Distribution channels1 record

Marketing channels8 records

Core offering

Primetals Technologies designs, engineers, supplies, and commissions complete metallurgical plants and equipment for the iron and steel industry, covering every step from raw materials handling through ironmaking, steelmaking, continuous casting, hot and cold rolling, and finishing. The portfolio includes proprietary branded technologies such as Arvedi ESP endless casting and rolling, MIDREX and HYFOR direct reduction, EAF Ultimate and EAF Quantum electric arc furnaces, MEROS off-gas cleaning, and a comprehensive automation and digitalization suite, complemented by full lifecycle services (revamps, modernization, maintenance, consulting, and spare parts) for the installed base of 7,000+ references worldwide.

Product overview

Primetals Technologies offers a comprehensive, integrated technology, product, and services portfolio for the metals industry, covering every step of the iron and steel production chain—from raw materials to finished product. The company's solutions are organized around three phases toward green steel: Optimization, Transition, and Achieving Green Steel. Core products include: EAF Ultimate and EAF Quantum electric arc furnaces for steelmaking; Arvedi ESP for endless casting and rolling; MIDREX and HYFOR (hydrogen-based fine-ore reduction) for direct reduction ironmaking; LD Converter and electric steelmaking solutions; and comprehensive capabilities in continuous casting (including ultra-thick slab technology), hot rolling, long rolling (wire rod, bar mills, Morgan No-Twist Mill technology), cold rolling, and strip processing. Digital and automation offerings include Through-Process Quality Control (TPQC), ALEX Asset Life Expert, Central Operation Cockpit, and various expert systems for process optimization. Environmental solutions encompass MEROS emissions reduction, Carbon Capture Utilization & Storage, and gas fermentation. The company also provides full lifecycle services including revamps, modernization, automation migration, maintenance, and spare parts. With over 70 years of experience and 7,000+ references, Primetals Technologies is a Mitsubishi Heavy Industries Group company operating in 23 countries.

Differentiator

Problem solved

Functional benefit

Brands

• Arvedi ESP: Endless Strip Production technology combining continuous thin-slab casting and rolling
• EAF Ultimate
• EAF Quantum
• HYFOR
• MIDREX
• MEROS
• DynaGap
• Smart Segment
• Morgan No-Twist Mill

Products and services

• Agglomeration

Quantifiable outcome

• 45% lower energy consumption with Arvedi ESP compared to standard production lines
• +7 more outcomes

Named customers13 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature19 records

Partnerships

15 partnerships are on record, tiered core, flagship and minor.

• Hoa Phat GroupcoreTechnology or Integration · 26 May 2026Ongoing collaboration with Southeast Asia's largest steel producer to advance Vietnam's high-quality steelmaking capabilities, in addition to the recently operational comprehensive production line with 5.5 million tons per year capacity.
• Mitsubishi Heavy Industries (MHI)flagshipOthers · 2 April 2026Primetals Technologies is a Group Company of Mitsubishi Heavy Industries, acquired by Mitsubishi-Hitachi Metals Machinery in 2019. Sakatani, the new CEO, previously served as vice president of plants and infrastructure systems at MHI. The parent company provides strategic direction, financial backing, and integration within the broader MHI group.
• Çolakoğlu MetalurjicoreTechnology or Integration · 10 March 2026Modernization of electric arc furnace at Çolakoğlu's facility in Dilovasi, Türkiye. Installed a new furnace-tilting device and electromagnetic stirrer system (supplied by ABB). Brownfield project using modular prefabrication over four weeks to enhance reliability, energy efficiency, and maintainability.
• Hüttenwerke Krupp Mannesmann (HKM)coreTechnology or Integration · 9 February 2026Supply of Mold Expert Fiber systems for installation at HKM's Duisburg plant. Advanced mold monitoring technology using fiber optic-based temperature measurement for real-time visualization of continuous casting operations. Supports HKM's production of four million tons of liquid steel annually.
• Xuân Thiện GroupcoreStrategic or Co-development Partner · 20 December 2025Partnership to build two green steel production lines in Vietnam's Red River Delta: one using EAF Ultimate for heavy plate production, the second using Arvedi ESP for endless hot-rolled coil output. Targets offshore wind turbine towers, shipbuilding, and defense sectors. Aligns with Vietnam's goal of meeting 85–90% of domestic steel demand by 2035 and net-zero by 2050.
• Austrian GovernmentminorOthers · 11 December 2025Austrian government funding supporting Primetals Technologies' development of a new heat-transfer test facility in Linz, Austria, to optimize industrial cooling systems. The facility simulates various cooling scenarios to improve performance of continuous casting processes, benefiting both Primetals and scientific research institutions.
• MetinvestcoreStrategic or Co-development Partner · 1 December 2025Contract signed December 1, 2025, for basic engineering as first stage of Metinvest's large-scale investment program to produce DR-grade pellets. Includes construction of a flotation upgrading complex and reconstruction of the LURGI 552-A pelletizing machine at the Northern Mining and Processing Plant. Completion targeted by end of 2026. Targets approximately 4 million tonnes of DR pellets annually with at least 70% iron content.
• Deutsche BankcoreGTM or Marketing Partner · 11 November 2025Expanded ESG initiative linking financial instruments traded between the companies to sustainability and social responsibility objectives, including a goal to increase the proportion of female engineers and project managers by 10 percent by 2027. Highlights focus on diversity, environmental impact, and sustainable business practices.
• POSCO GroupcoreStrategic or Co-development Partner · 29 October 2025Collaboration with POSCO Group on HyREX demonstration plant with 300,000 tons annual capacity at Pohang Works, targeting commercialization by 2030. Also collaboration on HyREX R&D Partnership with 19 global companies. Supports POSCO's 2050 Decarbonization Roadmap for hydrogen reduction ironmaking.
• voestalpineflagshipStrategic or Co-development Partner · 23 October 2025Flagship partnership for green steel production. Includes Hy4Smelt (world's first industrial-scale facility combining hydrogen-based direct reduction of ultrafine iron ore with electric smelting, approximately EUR 170 million, commissioning end of 2027) and H2FUTURE-Follow-up (expanding green hydrogen production through PEM electrolysis, EUR 16.4 million, completion 2029). Both projects at voestalpine's Linz site in Austria, targeting 30% CO2 reduction by 2029 and net-zero by 2050. Also includes Bloom Caster CC4 at voestalpine Stahl Donawitz.
• Rio TintoflagshipStrategic or Co-development Partner · 23 October 2025Co-investor and technical partner in Hy4Smelt. Rio Tinto supplies 70% of the iron ore required for the project and contributes technical expertise. Partnership is part of the Hy4Smelt demonstration plant at voestalpine's Linz site.
• Midrex TechnologiescoreTechnology or Integration · 22 October 2025Consortium partner with Primetals Technologies for the construction of a hydrogen-ready HBI plant in Rudny, Kazakhstan. The consortium handles engineering, equipment supply, and project support using Midrex direct reduction technology. Plant capacity of 2 million tons annually, USD 1.2 billion investment, commissioned in 2029.
• Eurasian Resources Group (ERG)coreStrategic or Co-development Partner · 20 October 2025Partnership for USD 1.2 billion hydrogen-ready HBI plant in Rudny, Kazakhstan. The Primetals-Midrex consortium provides engineering, equipment supply, and project support for the 2 million ton/year plant using next-generation MIDREX technology, targeting commissioning in 2029.
• SouthwireminorStrategic or Co-development PartnerPartner supplying aluminum and copper mills from the Sutton, Massachusetts location. Important avenue for electrification efforts in the industry and a growth area for Primetals Technologies' long-rolling business.
• LanzaTechcoreStrategic or Co-development PartnerTechnology partnership for gas fermentation (Steelanol) — a solution that turns carbon emissions from steel plants into biofuel using microbial fermentation of carbon- and hydrogen-rich off-gases to produce ethanol and other basic chemicals. Operational at ArcelorMittal's Ghent, Belgium plant.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Peers

• TMEIC (Toshiba Mitsubishi-Electric Industrial Systems):

Direct peers

• SMS group: SMS group is Primetals' closest global competitor, offering integrated metallurgical plant construction (steelmaking, continuous casting, rolling) and digital solutions. Like Primetals, SMS serves integrated steel producers and EAF operators, and has been pursuing green steel technologies including hydrogen-based reduction.
• Danieli: Italian-based Danieli is a major direct peer, supplying EAF steelmaking, continuous casting, long and flat rolling mills, and automation. It competes head-to-head with Primetals across the full steel value chain and is similarly active in green-steel and hydrogen-based reduction technologies.
• Tenova (Techint Group): Tenova supplies metallurgical plants including EAF, continuous casting, and strip processing for steel and non-ferrous metals. It competes with Primetals in EAF steelmaking and downstream processing, particularly via its Pomini and LOI Italimpianti brands.
• Midrex Technologies: Midrex is both a Primetals consortium partner and a direct competitor in direct reduction iron (DRI/HBI) technology. Primetals licenses MIDREX as part of its ironmaking portfolio, while Midrex competes with Primetals' own HYFOR hydrogen-based DRI offering.

Emerging players

• Nippon Steel Engineering: Subsidiary of Nippon Steel, it provides ironmaking, steelmaking, and environmental plant engineering with strong focus on Japanese and Asian markets. Overlaps with Primetals' agglomeration, sintering, and rolling mill business, especially in APAC.
• CISDI Engineering: Chinese state-linked EPC offering integrated metallurgical plant design and equipment across ironmaking, steelmaking, continuous casting, and rolling. Competes with Primetals especially in Chinese and Belt-and-Road steel projects, often on cost.

Others

• ABB Metallurgy: ABB supplies electrification, motors, drives, and process automation to steel plants (e.g., electromagnetic stirrers for EAF upgrades). Not a direct competitor in primary equipment but a complementary supplier and technology integration partner in projects like Çolakoğlu Metalurji.
• ArcelorMittal (as customer/integrator reference): World's largest steel producer and a notable customer-adjacent peer (e.g., Steelanol gas-fermentation project at Ghent with LanzaTech). While primarily a customer rather than a competitor, it shapes equipment demand patterns and competes internally on technology development.
• Siemens (Digital Industries / Metals): Historical parent of Siemens VAI (now Primetals via MHI). Still active in metals automation, drives, and digitalization via its Digital Industries and Motion Control businesses, providing complementary rather than directly competing offerings to Primetals' automation portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Primetals
• Facebookfacebook.com/Primetals
• LinkedInlinkedin.com/company/primetals
• Instagraminstagram.com/primetals_technologies

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Primetals Technologies