The European Union is set to impose significantly higher tariffs on Ukrainian imports in the coming weeks, according to a Financial Times report citing diplomatic sources. The move could strain Kyiv’s economy during a critical phase of its war against Russia. The FT reports that the EU’s new proposal, circulated to member states, would severely reduce tariff-free […]
The National Company Law Tribunal (NCLT) has adjourned its hearing on a petition filed by Sanjay Singhal, former promoter of Bhushan Power & Steel Ltd (BPSL), to June 26. Singhal approached the tribunal seeking enforcement of the Supreme Court’s recent ruling, which quashed the ₹19,700 crore resolution plan proposed by Sajjan Jindal-led JSW Steel and […]
Pakistan and Russia have agreed to establish a new steel mill in Karachi [1], marking a significant step in strengthening bilateral ties and expanding industrial collaboration. The agreement was finalized during a meeting between Russian representative Denis Nazaroof and Special Assistant to the Prime Minister (SAPM) Haroon Akhtar Khan, where both sides engaged in extensive […]
Shares of major Indian steel companies, including Tata Steel, SAIL, JSPL, and JSW Steel, saw notable gains [1] in Wednesday’s morning trades, following India’s firm stance against U.S. tariffs at the World Trade Organization (WTO). Tata Steel led the rally, with its share price opening at ₹151.20, slightly above the previous day’s close of ₹149.50, […]
Lockheed Martin (NYSE: LMT) and Arabian International Company for Steel Structures (AIC Steel) have celebrated a major milestone [1] in their collaboration on the Terminal High Altitude Area Defense (THAAD) Weapon System. The achievement marks the completion of the first locally-produced components for the THAAD launcher, strengthening Saudi Arabia’s defense industrial capabilities. Lockheed Martin Missiles […]
In a significant move towards influencing European Union sustainability policies, Better Cotton, the world’s largest cotton sustainability program, has become the latest member of the Policy Hub coalition. This alliance, formed in 2019, brings together various stakeholders to collaboratively shape and harmonize crucial EU regulations impacting the textile sector. By joining the Policy Hub, Better […]
Union Steel and Heavy Industries Minister H. D. Kumaraswamy on Tuesday stressed the need for intensified research to curb pollution in the steel sector while reviewing the performance of his ministries. He also urged the Heavy Industries Ministry to boost domestic electric vehicle (EV) manufacturing, emphasizing greater support for local production. According to an official […]
A new development in stainless steel technology has been said to have the potential to transform global green hydrogen production, making clean energy more affordable and sustainable. This innovation could significantly reduce costs and enhance the efficiency of generating hydrogen using renewable energy sources. Scientists at the University of Hong Kong, headed by Professor Mingxin […]
Primark has brought its Love It for Longer clothing repair workshops to the United States as part of its wider sustainability strategy. Initially launched in 2022 under the Primark Cares initiative, the free workshops aim to encourage customers to extend the life of their garments through basic repair and upcycling techniques. Offered in-store at no […]
