Smart Steel Technologies (SST)
Smart Steel Technologies is the world's leading software company delivering AI-based software solutions to the steel industry. SST has extensive AI and steel expertise. As a result, SST helps steelmakers save energy, reduce CO2 emissions and improve quality even further. Steel mills in Europe, North and South America are already successfully using SST software in production. Smart Steel Technologies has its headquarters in Berlin and a branch office in Cincinnati, Ohio. Heraeus is the largest shareholder of SST.
Smart Steel Technologies supplies AI-based software packages to the steel industry. Across all production steps, these calculate specifications in real-time to optimize energy use and quality. Examples include even more precise composition of steel chemistry and optimal process control in steel mills, in the continuous casting process and in rolling mills. Heraeus joined STT in February 2023 and is the largest shareholder in SST.
Steel producers can thus operate their plants even more efficiently, safely and in a more environmentally friendly way. Smart Steel Technologies' customers include groups such as ArcelorMittal and Vallourec. One of the most complex challenges in steel production is the synchronized production planning of an entire chain of aggregates and production lines. Here, too, Smart Steel Technologies offers solutions that use artificial intelligence and mathematical modeling to calculate optimized production schedules. For this, the Berlin-based company relies on an interdisciplinary team of AI and steel experts, software engineers, mathematicians and physicists.
The use of AI has brought enormous progress in many industries in recent years. The topics of energy saving and efficiency have also come into focus in the steel industry. AI solutions offer several advantages for the steel industry, such as increased output and product quality as well as lower production costs and CO2 emissions.
SST operates in various markets globally, including Europe, Asia, and North America. Smart Steel Technologies' customers come from various segments of the steel manufacturing industry, such as producers of long steel products, flat steel products, and coils. The company's advanced software solutions improve the efficiency and profitability of steel manufacturers globally, allowing them to stay competitive in the rapidly changing steel industry.
"The Heraeus Group is a very strong partner for SST. We are happy about the joint cooperation and valuable synergies, as well as innovations for the steel industry that are possible through the partnership."
- Falk-Florian Henrich, CEO of Smart Steel Technologies -