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 […]
A major step in the European steel industry is the issuance of the first green bond by the voestalpine Corporation which has bent over backward in all its endeavours. A total of EUR 500 million was raised through the debut green corporate bond by voestalpine. For the first time in the history of the European […]
Geert Van Poelvoorde, the CEO of the steel magnate ArcelorMittal Europe, has urged both the European Union and the Polish government to take actions aimed at fostering the rebirth of the steel industry. During the celebration of the 2 decades that it has been in charge of the Polish firm, Geert Van Poelvoorde and the […]
Steel Industry will have to cut emissions 90 percent by 2050 to reach net-zero Emissions. E-commerce and cloud software powerhouse Amazon and building technology company Johnson Controls are joining a corporate coalition to procure at least 1 million tons of “near-zero emissions steel” annually by 2080. As part of the Sustainable Steel Buyers Platform, this […]
Narvik, Norway – Stegra, in cooperation with the Port of Narvik and Kaunis Iron, is pleased to announce a collaborative effort to study the feasibility of a new pelletizing plant to be potentially located at the site of the old airport in Narvik. This forms part of a newly signed Memorandum of Understanding whose objective […]
Shanghai – Shanghai is on its journey towards a greener development with high- quality growth. However, further efforts are required in energy supply, institutional arrangements along with technological innovations as per officials and experts. Under the plan, Shanghai is looking to reach a target of installing solar photovoltaic of 4.5 million kilowatts by the […]
Beijing – China’s steel industry is on the edge of a wave of bankruptcies as a prolonged crisis reshapes the sector, according to Bloomberg Intelligence . In a recent report, senior analyst Michelle Leung revealed that nearly three- quarters of the steel producers in the country reported losses in the first half of the year. […]
With the increasing demand for sustainable industrial solutions and a minimal environmental impact, Hydnum Steel, the inaugural green steel plant on the Iberian Peninsula, has signed a Memorandum of Understanding (MoU) with Knauf Interfer, a leading European steel processing and distribution firm. This collaboration aims to enhance the availability of emission-free green steel throughout Europe […]
