South Australia– Lincoln Minerals is making a bold move in South Australia’s push for a green steel industry, unveiling plans to develop its vast Green Iron magnetite project on the Eyre Peninsula. The project, boasting an impressive 1.1 billion tonnes of magnetite, positions the company as a key player in the state’s ambition to produce low-carbon steel […]
South Wales – Tata Steel’s Port Talbot plant, the largest steelworks in the UK, has, for almost a century, stopped production officially, leading to a very critical day in the country’s economic and industrial sector. The shuttering is anticipated to cause nearly 3,000 job cuts and affect thousands more in the region of South Wales through the […]
Australia and China have agreed to collaborate in areas like investment, trade, and decarbonisation as per the reports by Australian Treasurer Jim Chalmers during his visit to Beijing. Beijing, China — The Australian Treasurer, Jim Chalmers’ trip to China, the first of its kind in the last seven years, signifies improvements in the relations between China and […]
Bucharest, Romania — Ussuri Capital, a Turkish investment company, recently revealed that a total of €60 million ($67.09 million) will be funded by equity investment for the construction of the first service center in Romania. The first phase of the project will require a total investment of €160 million. The untied funds will partially support land […]
Düsseldorf, Germany – Management of Germany´s Thyssenkrupp will propose reorganizing the steel division after several board members quit over heavy losses from an initial plan to split it, business daily Handelsblatt reported. The changes arrive at a time when the crisis-ridden industrial group is mired in internal discord over leadership transitions. Dirk Schulte, former Chief Human […]
Nippon Steel, Japan’s largest steelmaker, said on Tuesday it would sell its stake in South Korea’s POSCO Holdings as part of an effort to improve ‘Asset efficiency’. The value of the divestiture is around $800 million and includes 2.9 million shares, representing approximately 3.4 percent of POSCO’s outstanding shares at current market prices. The sale […]
United States Steel Corporation (U.S. Steel) is the first company to be awarded the ResponsibleSteel™ – status in the world, a significant milestone in the sustainability aspirations of the industry. Big River Steel facility, situated in Osceola, Arkansas, located in the U.S. Steel Indiana Harbor Complex received such accreditation after complying with various Responsible Steel […]
