India’s steel trade experienced a significant downturn [1] in February 2025, with imports plunging by 40% year-on-year to 0.6 million tons. This sharp decline has been attributed to concerns over potential safeguard duties, dampening traders’ buying sentiment. The Directorate General of Trade Remedies (DGTR) is currently investigating allegations of steel dumping, and the possibility of […]
Danieli signs a Memorandum of understanding defined to explore integration of Newcleo LFR technology with Green Steel technology and plants. The collaboration is set to explore the integration of newcleo’s Lead-cooled Fast Reactors (LFR) with Danieli’s steelmaking technology intended to combine the production of green steel with nuclear energy production. The companies will focus on […]
Amid ongoing challenges, Ukraine’s steel industry is showing resilience, with rolled steel production increasing by 6.6% year-on-year [1] in February 2025. According to data from Ukrmetprom, the country’s rolled steel output reached 476.9 thousand tons during the month. This growth reflects the industry’s ability to adapt and recover despite the disruptions caused by the ongoing […]
GAP Inc. surged after reporting stronger-than-expected quarterly sales, indicating that CEO Richard Dickson’s turnaround strategy is taking hold. The retailer outperformed analyst forecasts for comparable sales, with GAP, Old Navy, and Banana Republic delivering solid results. However, its struggling athleisure brand, Athleta, saw an unexpected decline. GAP shares jumped 17% in pre-market trading on Friday, […]
SSAB’s HYBRIT® technology, developed in partnership with the mining expert LKAB and Vattenfall, is known for its green hydrogen and fossil-free electricity in place of coking coal to produce steel, eliminating the carbon emissions. SSAB has signed an agreement with global construction equipment maker Putzmeister to provide future fossil-free steel for products like concrete pump […]
Cascale, previously the Sustainable Apparel Coalition, has released the most recent creation of the Higg Brand and Retail Module (BRM), reaffirming its commitment to improving sustainability assessment tools for the fashion industry. The Higg BRM, which is part of the larger Higg Index package, is intended to assist brands and retailers in evaluating their ESG […]
