Thyssenkrupp is reassessing its ambitious plan to produce green steel at its Duisburg facility amid rising costs. The German government has invested billions of euros in subsidizing the project. The production of “green steel” by adapting a climate-neutral production method is being reviewed as per the internal reports. According to the reports, the company’s senior […]
Ukraine’s steel industry has witnessed a sizeable increase [1] in domestic consumption during the first two months of 2025. According to recent data, the consumption of steel products, including rolled and semi-finished goods, reached an impressive 557,000 tons in January and February combined. This marks a significant recovery for the sector, which has faced challenges […]
In a move to protect domestic steel producers, the Indian government has recommended a 12% temporary tax [1], known as a safeguard duty, on certain steel products. This measure, set to last for 200 days, is intended to curb the rising influx of steel imports impacting local industries. Under the Ministry of Commerce, the Directorate […]
Virgio, a sustainable apparel brand, has collaborated with the International Indian Film Academy (IIFA) Weekend & Awards 2025 as its Sustainable Fashion Partner, keeping with the event’s long-standing environmental commitment. The 25th anniversary edition of the IIFA Weekend & Awards, taking place in the culturally rich city of Jaipur, Rajasthan, will have a strong emphasis […]
Online resale platform ThredUp has released its latest Resale Report, forecasting the global second-hand apparel market to reach $367 billion by 2029, with a compound annual growth rate (CAGR) of 10%. Developed in partnership with GlobalData, the report highlights that the second-hand apparel sector outpaced the broader retail clothing market by a factor of five […]
South Africa (SA) had secured more than $4bn (R73bn) in funding from both bilateral and multilateral sources for the reduction of carbon emissions. With this financial backing, the country now faces a responsibility to implement actionable plans that align with global climate goals. Last year, South Africa’s steel production saw traditional coal-fired blast furnaces contribute […]
