SMS says it has completed the acquisition of Metso’s Ferrous business, which includes the travelling grate pelletising and “Circored” direct reduction processes.
The deal was announced last summer, and the transaction was projected to be completed for an undisclosed sum in the first quarter of 2026.
SMS is taking over selected Metso business units and technologies located in Germany, India, China and Australia, The German-based group will strengthen its solutions in the field of “green iron”. This approach combines fluidised-bed reduction from Circored with SMS group’s established Open Bath Furnace technology, forming a two-stage reduction process, the buyer explains.
By integrating agglomeration technologies for travelling grate pelletising, sintering and CFB (Circulating Fluid Bed) calcination, SMS says it is broadening its upstream process in the direct reduction route.
Iron ore agglomeration is essential for producing the feedstock required by shaft furnace direct reduction processes as well as conventional ironmaking, SMS explains. It notes that customers will have a single source partner for end to end solutions – from raw material processing to finished product systems.
