On the date in local time, Yu Yong, Chairman of HBIS Group, held talks with Roberto Pancaldi, CEO of Tenova Group, in Milan. The two sides had in-depth exchanges on exploring new technology and process cooperation paths, and jointly promoting green and low-carbon development.

Li Yiren, Deputy General Manager of HBIS Group, and Antonio Catalano, Executive Vice President of Tenova's Downstream Business, participated in the meeting.

Yu Yong stated that Tenova, as a globally renowned technology company, possesses unique advantages in metal process design, development of innovative technological solutions, and other areas. During the construction of HBIS's global first 10,000-ton hydrogen metallurgy demonstration project, the professional spirit, technical expertise, and customer-centric service attitude demonstrated by the Tenova team contributed to the successful completion of the cooperation between the two parties. Currently, China's steel industry is actively accelerating the promotion of green and low-carbon development and reducing carbon footprints. HBIS, while continuously strengthening technological innovation, is committed to jointly advancing carbon footprint reduction with global partners. HBIS and Tenova should further deepen their strategic partnership, focusing on green and low-carbon, energy utilization, and other fields, jointly exploring future cooperation opportunities and innovative projects, developing and applying new technologies and processes with promotional value, elevating their cooperation to new heights, and driving the green and low-carbon high-quality development of the industry.

Robert Pianka stated that HBIS, as a multinational industrial group with global brand influence, has been continuously innovating and practicing in the field of green and low-carbon development in recent years, consistently leading the industry's green and low-carbon progress, and has already taken the lead in the world's steel industry. The successful cooperation between Tenova and HBIS in hydrogen metallurgy technology is inseparable from HBIS's recognition and support for Tenova, which is a joint achievement that Tenova is proud of. Tenova is currently focusing on the research and application of decarbonization technologies, putting in significant effort into new technologies with broad prospects and new processes with greater advantages. In the future, Tenova and HBIS will further strengthen exchanges and discussions, actively explore new cooperation directions in relatively mature markets and areas closely related to circular economy, deeply tap into potential cooperation opportunities, and achieve win-win cooperation and joint progress.

The heads of the Capital Operations Department of HBIS Group, the HBIS-Duferco Office, the R&D Director of Tenova, the heads of the Environmental Technology and Additive Manufacturing Production Line, and the heads of the Arc Furnace and Ladle Furnace Production Line Proposal Department participated in the meeting.