03/31/2022 Press Release PSI Metals and ArcelorMittal Europe Strengthen Cooperation

PSImetals supports CO2-neutral steel production at plants worldwide

Berlin, March 31, 2022 - PSI Metals and ArcelorMittal Europe signed an addendum at the end of 2021 to strengthen their partnership in the areas of Manufacturing Execution System (MES) and production management solutions.

In 2014, ArcelorMittal Group and PSI Metals concluded a Master Agreement for the global implementation of the PSImetals solution at ArcelorMittal plants. Meanwhile, the software covers important functional areas such as planning, quality, logistics and production at ArcelorMittal sites in Europe, America and Asia.

With the contractual addition, both companies are accelerating the further implementation of PSImetals at the European sites for flat and long products. Thus, ArcelorMittal can benefit from an increase in production efficiency, improvement of product quality and lean customer service. This optimization can support ArcelorMittal's decarbonization goals of reducing CO2 emissions by 35 percent in Europe by 2030 and achieving carbon neutrality by 2050.

Thomas Quinet, Managing Director of PSI Metals, states: “We are proud to have served one of the world's leading steel manufacturers, ArcelorMittal, for more than 20 years. This renewed agreement, which strategically aligns the interests of both companies, comes at a time when the steel industry is entering the next stage of digitalization and decarbonization.” He adds: “PSI will provide an MES digitization platform developed specifically for this industry. It can be implemented by the ArcelorMittal Center-of-Excellence, PSI Metals consultants or third party system integrators."

The PSI Group develops its own software products for optimizing the flow of energy and materials for utilities (energy grids, energy trading, public transport) and industry (metals production, automotive, mechanical engineering, logistics). The industry-specific products, which are built from standard components, are sold both directly and via the multi-cloud PSI App Store and can also be customized by customers and partners themselves. PSI was founded in 1969 and employs about 2,200 people worldwide.