ArcelorMittal Nippon Steel (AM/NS), a Luxembourg-based multinational steel manufacturing company, has announced plans to invest Rs 1.47 lakh crore [1] in a new steel plant in Andhra Pradesh. This significant investment is set to be developed in two phases, with the first phase involving an expenditure of Rs 61,780 crore to achieve a production capacity of […]
India’s finished steel imports from South Korea, China, and Japan have reached an all-time high [1] during the April-January period of the current fiscal year. According to provisional government data, these three countries accounted for 78% of India’s total finished steel imports, highlighting the growing reliance on foreign steel to meet domestic demand. South Korea […]
After China announced its plans to restructure its steel industry to cut its total output, there was a surge in the share of steel stock on March 5. The latest plans by China are expected to reduce cheap steel dumping into the Indian market, acting as a major positive to the domestic steel companies. Welspun Corp’s shares […]
Iron ore futures declined on Wednesday due to the tariff war between the United States and top metals consumer China, outweighing optimism about improved demand for Chinese steel. China is the world’s largest consumer of metals, including iron ore, a key raw material for steel production. According to reports, the most-traded May iron ore contract […]
China has announced plans to reduce its steel output [1], in an effort to address overcapacity and enhance profitability. The decision, revealed at the National People’s Congress, aims to restructure the country’s steel industry, which has been grappling with a prolonged property market downturn and mounting trade frictions. However, the announcement didn’t cover any interventions […]
Japan trade minister Muto is to visit US for tariff exemption. Japan’s Economy, Trade, and Industry Minister Yoji Muto is set to visit the United States as early as March 10 for discussions with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer, the Asahi Shimbun reported on Tuesday, citing multiple sources. Muto […]
Union Steel and Heavy Industries Minister H.D. Kumaraswamy has outlined the government’s strategy to protect the Indian steel industry [1] in light of the new tariffs imposed by the United States. The announcement comes after U.S. President Donald Trump imposed a 25% tariff on steel imports from Canada and Mexico, and a 10% levy on […]
Recent reports showed a significant growth in the steel manufacturing sector of India, with Sajjan Jindal signing a Memorandum of Understanding (MoU) with South Korea’s POSCO Group. This partnership aims to establish an integrated steel plant in India with an initial capacity of 5 million tonnes per annum (MTPA). “This JV also entails collaboration for […]
In a move that has shaken global trade, U.S. President Donald Trump has signed an executive order reinstating a 25% tariff on steel imports. Effective March 12, 2025, the tariffs will apply to all countries without exemptions, reversing the previous exclusions granted under the 2018 measures. Based on recommendations from U.S. Secretary of Commerce Howard […]
Masdar, TAQA, and Eni have signed an agreement to support the tripartite initiative [1] between the UAE, Italy, and Albania as a move towards enhancing cross-border renewable energy collaboration. The agreement was signed in the presence of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Italian Prime Minister Giorgia Meloni during Abu […]
The Industrial Development Bank of Türkiye (TSKB) has secured a €50 million loan from the OPEC Fund [1] for International Development (OPEC Fund) to support the growth of Turkey’s renewable energy sector. This financing agreement, the first collaboration between TSKB and the OPEC Fund, aims to accelerate Turkey’s transition to a low-carbon economy by funding […]
The FBR has issued an SRO 204(I)/2025 to introduce draft amendments in the Customs Rules, 2001, on Tuesday. A tax expert opined that by excluding iron and steel scrap from EFS. The importers of compressors and motors will now have to pay all taxes at import stage, such as customs, sales tax, and income tax. […]
Tata Steel’s managing director, TV Narendran, advocated the implementation of safeguard duties on imported steel aimed at protecting India’s steel sector from the impacts of tariff increases imposed by the US. ” It’s not that India is exporting a lot of steel to the US, but the steel which used to end up in US […]
Dalian iron ore futures ended a four-day winning streak on Monday as rising levies on Chinese steel weakened demand prospects for the crucial steelmaking ingredient. However, the decline was tempered by decreasing portside inventories in China. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) closed 0.77% lower at 832.5 yuan ($114.95) […]
South Korean officials have requested an exemption from U.S. reciprocal tariffs on steel and aluminum during their visit to Washington this week, according to a statement from the industry ministry on Friday. Deputy Minister Park Jong-won, leading the first major South Korean government delegation to Washington since U.S. President Donald Trump announced broad tariffs, emphasized […]
Former Indian cricket team captain Sourav Ganguly said on Friday that the steel plant project he is promoting in a partnership at Garbeta, located in West Bengal’s Paschim Medinipur district, is expected to become operational within the next 18-20 months. The project is expecting an investment of Rs 2,500 crore to establish the 0.8 million […]
Indonesia’s newly established sovereign wealth fund, Danantara, [1] has garnered significant interest from the United Arab Emirates (UAE) for potential collaboration on renewable energy projects. This partnership aims to develop an impressive 10 gigawatts (GW) of renewable energy capacity, marking a major step towards Indonesia’s ambitious climate goals. Danantara, which consolidates assets from several Indonesian […]
Steelinvest and Chinese steel producer Delong Steel have established a joint venture, named Ziming SG Global, to focus on marketing mill export sales. The Joint venture, based in Dubai, is led by Fred Hayrapet of Steelinvest Group. The company will primarily target semi-finished and finished steel products across long and flat products. Hayrapet emphasized that […]
Adani Green Energy has decided to withdraw from its $1 billion wind power project [1] in Sri Lanka, citing ongoing regulatory challenges and tariff disputes. The decision came after the company had already invested approximately $5 million in predevelopment activities for the project. The project, which aimed to develop 484 MW of wind power plants […]
Japan to adopt new techniques to boost nuclear and renewables by 2040 Japan’s government adopted new decarbonisation targets aiming to reduce greenhouse gas emissions by more than 27% in the next 15 years, since 2013, approving renewable energy plan. The country targets to meet carbon neutrality by 2050. Under their plan of action, adopted by […]
Chinese batteries and electric vehicles, BYD Energy Storage has officially signed contracts [1] with the Saudi Electricity Company (SEC) to deliver a massive 12.5 gigawatt-hours (GWh) of battery energy storage systems (BESS) across five sites in Saudi Arabia. This deal marks the world’s largest grid-scale storage deployment to date. The project supports Saudi Arabia’s Vision […]
BHP Foresees an economic recovery in China and central bank rate cuts to boost demand for steel and copper but asks to be vigilant about potential trade tensions posing risks to global growth, as it reported its lowest first-half profit in six years. BHP had planned a $49 billion takeover of Anglo American, aiming to […]
Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy leader, TotalEnergies, and EPointZero, the decarbonization arm of 2PointZero, have signed a Framework for Action (FFA) agreement [1] to drive access to clean energy in emerging markets and developing economies in Africa and Asia. The agreement was signed at the third plenary meeting of the […]
A Chinese steel industry group has cautioned that the newly imposed 25% tariff on steel imports to the United States could negatively affect the sector, a state media reported on Thursday. “The US move is essentially an act of trade protectionism,” the China Iron and Steel Association (CISA) said in a statement. “In the short […]
China has announced a significant policy shift [1], allowing market forces to determine the prices of renewable electricity. The National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) have agreed to scrap fixed pricing on renewable power, enabling electricity generated by renewables to be freely traded. This move is aimed at modernizing […]
Pakistani state media reported on Wednesday, that the Ambassador of the Russian Federation to the Islamic Republic of Pakistan, Albert P. Khorev has announced cooperation with Islamabad this year in the energy and industrial sectors, including the modernization of a state-owned steel mil. Pakistan Steel Mills (PSM) were assed by a team of technical experts […]
As trade tensions between China and the United States intensify, Puma is shifting its supply chain, sourcing more from countries like Vietnam and Indonesia for the US market, according to CEO Arne Freundt. The ongoing economic conflict between the world’s two largest economies has escalated, with the Trump administration imposing 10% tariffs on China, prompting […]
Nissan Motor Co., Ltd. announced its new plans of expansions with the use of low-CO2-emission steel manufactured in Japan, to reduce the proportion of low-CO2-emission steel Nissan uses in Japan in fiscal year 2025, which is expected to increase by a factor of five compared to fiscal year 2023. Nissan says that they aim to […]
Singapore-based Sembcorp Industries has made a strategic move to expand its renewable energy footprint [1] in Southeast Asia by entering the Philippine market. Through its wholly-owned subsidiary, Sembcorp Energy Philippines, the company has acquired Puente Al Sol Inc., a solar project developer, for approximately S$105 million. The acquisition will be funded through a combination of […]
The World Steel Association says that the global crude steel production in 2024 declined by about 1% year-on-year. With the data released, organizations now want to determine where steel prices might go for the rest of 2025. On January 24, the Brussels-based association reported that total volumes for the year exceeded 1.88 billion metric tons, […]
In a significant move towards sustainable energy, state-owned Oil India Limited (OIL) has officially established a wholly-owned subsidiary [1] called Oil Green Energy Limited. This new subsidiary is dedicated to spearheading renewable energy initiatives, including geothermal, wind, hydro, solar, tidal, and waste energy projects. The announcement was made via a disclosure submitted to the Bombay […]
According to commodity analysts Kpler, China, the world’s biggest buyer of iron ore, is expected to import 99.5 million metric tons of the key steel raw material in January. China’s imports of iron ore and seaborne coal are on track for a soft start to the year, with January arrivals declining to multi-month lows, says […]
The sale of Thyssenkrupp Electrical Steel India Private Ltd. has been completed. The transaction was officially completed today, with the buyer being a joint venture between JSW Steel Limited—India’s largest steelmaker and part of the JSW Group—and JFE Steel Corporation, which is Japan’s second-largest steel producer. The target company is based in Nashik, approximately 150 […]
According to the recent Economic Survey [1] in India for 2024-25, renewable energy now constitutes approximately 47% of India’s total installed power capacity. The country’s renewable energy capacity grew by 15.8% year-on-year, reaching 209.4 GW by December 2024, up from 180.8 GW in December 2023. The survey highlights a growing dependence on cleaner, non-fossil fuel-based energy sources. […]
Indian Prime Minister Narendra Modi is pouring billions into ailing state-run firms after slowing ambitious divestment plans that were intended to reduce the state’s role in business, according to government sources, reported Zawya. New Delhi has plans to invest about $1.5 billion in financial rescue packages for two state-owned firms as they failed to sell […]
TRENDS Research & Advisory has launched a comprehensive study titled “The Future of Renewable Energy: Financing Challenges and Prosperity Opportunities”[1]. This study was unveiled during TRENDS’ second participation in the World Economic Forum in Davos. The study aims to address critical issues related to renewable energy, including financial challenges and promising opportunities, with the goal […]
Hyundai Steel, an affiliate of automakers Hyundai Motor, South Korea has decided to build a steel plant in the United States. As President Donald Trump prepares to intensify protectionist measures, the company decides to make a move. On Tuesday, Trump announced plans to impose tariffs on multiple fronts, including a potential 25% tariff on Mexico […]
Billionaire Sajjan Jindal-led JSW Group has unveiled plans to invest ₹3 trillion ($34.67 billion) in Maharashtra, strengthening its presence in electric vehicles, battery production, steel, and green energy sectors. The ports-to-cement conglomerate signed an agreement with the Maharashtra government during the World Economic Forum in Davos, Switzerland. Maharashtra, India’s financial capital, is set to benefit […]
India’s Ministry of Steel has requested a budget allocation of 150 billion rupees ($1.74 billion) to provide incentives for steel producers to manufacture low-carbon steel, according to two government officials familiar with the matter. Finance Minister Nirmala Sitharaman is set to unveil the federal budget for the 2025-26 fiscal year on February 1. India has […]
The United Arab Emirates-based clean energy firm Masdar has signed a $15 billion landmark deal [1] with the Philippines to develop up to 1 gigawatt (GW) of renewable energy projects by 2030. This agreement, signed during the Abu Dhabi Sustainability Week 2025, aims to support the Philippines’ goal of increasing the share of renewable energy […]
Saudi Arabia’s ACWA Power has made a significant move into China’s renewable energy market with two major agreements worth $312 million [1]. These agreements mark a substantial step in ACWA Power’s global expansion strategy and highlight its commitment to supporting China’s clean energy transition. The first agreement involves a 132-megawatt solar photovoltaic (PV) portfolio in […]
According to a statement by the Ministry of International Trade and Industry, Malaysia has implemented provisional anti-dumping duties on flat-rolled iron products and non-alloy steel imports from China, India, Japan, and South Korea. Effective January 11, the duties will apply for up to 120 days on products with a width exceeding 600 mm (24 inches). […]
A.T.E. India, a prominent name in the Indian textile machinery market, has announced a strategic partnership with VB Soluzioni & Tecnologie srl (VB-SET), a renowned Italian company specializing in melt spinning solutions. This collaboration aims to strengthen A.T.E.’s portfolio by offering comprehensive solutions for the production of continuous filament yarns, including IDY, POY, and FDY. […]
China emitted 13 billion metric tons of greenhouse gases in 2021, marking a 4.3% increase compared to the previous year, according to its latest official submission to the United Nations, as reported by state media on Friday. This figure represents the most recent official estimate of China’s annual emissions, proving its position as the world’s […]
Two workers were injured and 4 others were trapped after a chimney collapsed at a steel plant in Chhatisgarh, report says. The incident occured during the afternoon hours in the plant situated in saragaon area, said the superintendent of police Bhojram patel. “We received information that part of the chimney, and silo collapsed at the […]
AMEA Power, a rapidly growing renewable energy company based in the UAE, has been awarded two significant Battery Energy Storage System (BESS) projects in South Africa [1] through a competitive bidding process. The projects, named Gainfar and Boitekong, are located in the North West Province and each will have a capacity of over 300 megawatt-hours […]
A high-ranking delegation as part of the ‘Maldives Executive Leadership Programme’ [1] visited DEWA’s Sustainability and Innovation Centre at the Mohammed Bin Rashid Al Maktoum Solar Park. The delegation included key officials such as ministers and deputy ministers from Maldives. They were introduced to DEWA’s initiatives in sustainability, clean energy, and renewable energy projects. The […]
Indian Railway Finance Corporation (IRFC) shares surged by 3% following the signing of a Memorandum of Understanding [1] (MoU) with Railway Energy Management Company Ltd (REMCL). This MoU aims to finance renewable energy projects to supply power to Indian Railways. The collaboration between IRFC and REMCL, a joint venture between the Ministry of Railways and […]
China’s iron ore imports are projected to reach an all-time high in 2025, as traders capitalize on low-cost supplies to stockpile resources for the world’s largest consumer of the commodity. This surge comes despite ongoing challenges in the property sector, weighing on domestic steel demand, according to industry analysts and market insiders. The imports reflect […]
Taiwan has set an ambitious target [1] to reduce greenhouse gas emissions by 30% by 2030, up from the previous goal of 23-25%. The Environment Ministry announced this upgraded target, aiming for a reduction range of 26-30% from 2005 levels. Taiwan’s Environment Minister Peng Chi-ming addressed the wider margin of error stating that it was […]
Saudi Arabia’s ACWA Power has successfully secured $703 million [1] (SR2.63 billion) in financing to develop, operate, and maintain a 1,100-megawatt wind power plant in Egypt’s Suez governorate. The funding was sourced from a consortium of international financial institutions, including the European Bank for Reconstruction and Development (EBRD), African Development Bank (AfDB), British International Investment, […]
In a move to combat climate change, the Indian government is set to launch a Rs 15,000 crore “Green Steel Mission” aimed at reducing carbon emissions from the steel Industry, currently accounting for 10-12% of India’s total emissions, says reports. The initiative is inclusive of a Production Linked Incentive (PLI) for Green Steel, renewable energy […]
Hazira, Surat in India witnessed a tragic accident on Tuesday, with a fire taking place at the steel plant, leading to the tragic death of four workers and one injured. The incident occurred on Tuesday evening at ArcelorMittal Nippon Steel India’s facility, as per reports. Anupam Singh Gehlot, the Surat Commissioner of police, reported that […]
POSCO has been recognized as the “World’s Most Competitive Steelmaker” for the 15th consecutive year. The announcement came from World Steel Dynamics (WSD), a global steel analysis institution, which revealed the results of its 2024 World-Class Steelmaker Rankings on December 22 in New York. Established in 1999, WSD has evaluated steel companies worldwide since 2002 […]
Indonesia is taking significant strides towards achieving energy self-sufficiency, not just in oil and gas, but also in renewable energy. The country’s Minister of Energy and Mineral Resources, Bahlil Lahadalia, announced that Indonesia is implementing [1] strategic measures to boost renewable energy capacity significantly in the coming years. One of the key initiatives is the […]
Teijin Limited has announced an investment in Circularise B.V., a company based in The Hague, Netherlands, that develops product traceability management systems using blockchain technology. This strategic move will see Teijin implementing Circularise’s software to enhance visibility into its global supply chain. Circularise’s proprietary “Smart Questioning” solution utilizes Zero-Knowledge Proof (ZKP) technology, providing both anonymity […]
Vietnam has recently enacted a new Electricity Law [1], which will take effect on February 1, 2025. This law aims to address the challenges faced by Vietnam’s energy sector and create a robust legal framework to support the development of renewable energy. The previous law, which had been in effect for nearly 20 years, was […]
HBIS Group, steel manufacturer based in Hebei province, is advancing its green transformation by harnessing hydrogen energy, a move its chairman, Yu Yong, described as groundbreaking for the steel industry as per reports by China Daily. “Hydrogen energy is hailed as the ultimate energy source in the 21st century, and replacing carbon with hydrogen can […]
Tata Steel and JSW Steel saw significant gains as the Directorate General of Trade Remedies (DGTR) launched an investigation into rising steel imports. Analysts anticipate structural relief measures, with price targets set at ₹190 for Tata Steel and ₹1,085 for JSW Steel. Shares of Tata Steel and JSW Steel surged on December 23 after the […]
Nozomi Energy has announced its largest acquisition to date [1], consisting of 12 operational solar projects with a combined capacity of 312 MW. Nozomi Energy is a Japan-focused renewable energy platform established by Actis. This acquisition brings Nozomi Energy’s total installed capacity to over 400 MW within 18 months of its launch. This progress positions […]
For the first eight months of the fiscal year ending in March 2025 showed that India’s finished steel imports from China, according to provisional government data, say reports. The surge has raised concerns among domestic steel producers about the impact of low-cost imports from China. In response, the government has launched an investigation to determine […]
Canopy has released its annual Hot Button Report for 2024 [1], tracking the sustainability progress of man-made cellulosic fiber (MMCF) producers. The report reveals encouraging strides and critical areas for growth in the MMCF sector, with 97.5% of global production now represented. This year, 71% of rated producers earned green, partial dark green, or dark […]
The Union Steel Minister H.D. Kumaraswamy has reportedly assured the Visakhapatnam Ukku Parirakshana Porata Committee (VUPPC) that the Centre will provide financial assistance of ₹10,000 crore by January 15, 2025, to support the revival of Visakhapatnam Steel Plant (RINL-VSP). VUPPC representatives J. Ayodhya Ram, V. Srinivasa Rao, D. Adinarayana and Mantri Rajasekhar met Mr. Kumaraswamy […]
Cambodia, Costa Rica, India, Ecuador, Mongolia, Pakistan, Peru, Trinidad and Tobago have joined forces to launch a $45-million, six-year initiative [1] aimed at reducing hazardous chemicals in the fashion and construction industries. The initiative is funded by the Global Environment Facility (GEF). This ambitious program, led by the United Nations Environment Programme (UNEP), the United […]
China’s crude steel production dropped by 4.3% in November compared to October, driven by lower profit margins and seasonal weakening in demand, according to official data released on Monday. The National Bureau of Statistics (NBS) reported that the world’s largest steel producer manufactured 78.4 million metric tons of crude steel last month, down from 81.88 […]
Australian green hydrogen producer Hysata announced on Friday that it has entered into agreements with South Korean steelmaker POSCO and its POSCO Eco & Challenge unit. The partnerships aim to advance electrolyser technology for green hydrogen production, says Reuters. These collaborations highlight the growing synergy between the global steel industry and the green hydrogen sector, […]
India’s Steel Ministry has unveiled a new framework for defining “green steel,” introducing three categories based on carbon emissions during production. According to the guidelines, steel with carbon dioxide emissions below 2.2 tonnes per tonne of the finished product will be classified as “green steel”, reported Reuters based on a ministry presentation released in News […]
Tivolt Electric Vehicles, part of the Murugappa Group’s TI Clean Mobility division, has got together with Tata Power Renewable Energy Limited (TPREL) to advance EV charging infrastructure for commercial vehicles across India. The two companies penned a Memorandum of Understanding (MoU) to leverage Tata Power’s proficiency in EV charging and Tivolt’s expanding presence in the electric small […]
As a brand new pace towards renewable energy, BP in partnership with JERA, a leading Japanese energy company, developed a new company called JERA Nex bp, which aims to develop offshore wind energy. By 2030, the company plans to invest $5.8 billion. This project highlights the transformation of BP from focusing mainly on oil and […]
India’s steel production is surging, but its heavy reliance on coal-fired plants raises significant environmental concerns. As the country targets net-zero emissions by 2070, the growth of its steel sector presents a conflict with national decarbonization goals, says Economic times. The government’s National Steel Policy focuses on building emissions-intensive coal-fired blast furnaces with plans to […]
Popular international brand Uniqlo is facing backlash from Chinese consumers following remarks made during a BBC interview [1] by its chairman, Tadashi Yanai, about not sourcing cotton from Xinjiang, a region in China’s far west. Yanai’s comments have sparked discussions on Chinese social media, with some users calling for a boycott of Uniqlo products. Fast […]
Experts from home and abroad at the launch of the Global Development Report 2024 in Beijing on Friday stated that global unity and cooperation are necessary to overcome today’s complex challenges and building a sustainable future for all. As per Sudheendra Kulkarni, founder and chairman of the Forum for a New South Asia, “All these […]
China is seeking public feedback on new guidelines aimed at standardizing greenhouse gas emissions from the steel industry, the Ministry of Ecology and Environment said on Friday, reported Reuters. The move is part of efforts to prepare steel mills for their entry into the nation’s carbon market. The draft plan, released in September, drafted an […]
New Delhi Municipal Council (NDMC) has set a target to attain a total renewable energy-based electricity supply in its dominion by Dec 2026, says reports on economic times. NDMC has finalised their prime arrangements with the Solar Energy Corporation of India (SECI) to draw 200 MW of solar power over 25 years, and work is […]
India’s finished steel imports from China soared to an all-time high in the first seven months of the current financial year (April-October 2024), according to the data reviewed by Reuters, leaving hundreds of small Indian steel producers struggling with heightened competition from the world’s largest steel producer. China shipped 1.7 million tons of finished steel […]
As part of its progressing renewable energy advancement, ACEN Corporation intends to invest $ 1.5B in an enormous solar farm and energy storage system. Irene Maranan, ACEN senior vice president and head of corporate communications and sustainability stated to the Inquirer about the replacement of the coal plan in Batangas, the 246-megawatt (MW) South Luzon […]
Swedish fast fashion giant H&M has signed a green energy deal [1] with Power Engineering Consulting Joint Stock Company 2 (PECC2) to facilitate its Vietnam-based suppliers’ transition to renewable energy sources. H&M Vietnam and PECC2 signed a Memorandum of Understanding (MoU) to cooperate under the Direct Power Purchase Agreement (DPPA) mechanism. The deal, signed on […]
Solar energy startup Glow has attained $30 million in a recent funding round jointly led by Framework and Union Square Ventures. According to the statement of Glow in a press release, the raised financial resources will be used to decentralize the global energy grid and hasten the adoption of renewable energy in India and all […]
The Indian Energy Exchange (IEX) noted a remarkable hike in electricity trade volumes in November 2024. As per a regulatory filing, IEX attained a trading volume of 9,689 million units (MU) during November 2024, labelling an increase of 15.7 percent year-on-year (YoY). The renewable energy certificate (REC) faced a decline in spite of the hike […]
India’s construction boom, with gleaming highrises and expanding multilane highways, was expected to boost domestic steel sales. However, Jogindra Group’s mills in northern Punjab are currently facing a surplus of unsold inventory. The inexpensive Chinese steel has put significant pressure on India’s smaller steel mills, forcing many to scale back operations and contemplate job cuts. […]
In order to achieve East Central Railways’ decarbonization goals and the nation’s net-zero emissions target, O2 Power has penned a Power Purchase Agreement (PPA) to grant 100 MW of renewable energy to East Central Railways. As per the company statement, renewable energy under this pact will be granted from O2 Power’s installed capacity of 360 […]
South Korea’s steel-to-battery materials conglomerate POSCO Group plans to invest in Neuromeka Co., the country’s leading collaborative robotics manufacturer, to boost its struggling steel business through factory automation and seek new growth opportunities, as reported by The Korean Economy Daily. On Friday, Neuromeka announced it would issue 10 billion won ($7.2 million) in convertible bonds […]
Shares of state-owned Steel Authority of India Ltd (SAIL) are expected to attract attention on Friday following the company’s announcement of a partnership with the Indian subsidiary of John Cockerill Group to implement green technologies in iron and steel production. The collaboration marks a key step in SAIL’s commitment to modernizing traditional steelmaking practices with […]
A 300 MW wind-solar hybrid power project by NTPC Limited has been awarded to Sembcorp Industries, through its wholly-owned subsidiary Sembcorp Green Infra Pvt Ltd. The granted project is a segment of NTPC’s 1.2 GW capacity tender. This project constitutes of an Inter-State Transmission System (ISTS) linked hybrid power plant. For the project, Sembcorp acquired […]
In accordance to the SBICAPS Report on Power Sector: Transmission as a Counter-Balance to Evolving Regional Balance of Power, India stand in need of ₹8.2 trillion investment for the advancement of its transmission infrastructure and by 2030, incorporate 500 GW of renewable energy capacity. The report spotlight that in order to meet the targets for […]
As reported by the BloombergNEF(BNEF) in association with the Global Renewables Alliance; By security 24/7 carbon-free electricity (CFE) procurement, The Asia Pacific(APAC) region could possibly be able to attract significant private investment for its energy elevation. According to the report—24/7 Carbon-Free Energy Procurement in APAC: Pathways for Companies and Countries; clean energy procurement from corporates will be a vital funding source for accomplishing […]
India’s JSW Steel and state-run Steel Authority of India (SAIL) are in talks with Mongolian authorities to import two shipments of coking coal, Reuters reported. JSW Steel, plans to buy 2,500 metric tons, while SAIL aims to import 75,000 metric tons of the steelmaking raw material from Mongolia. Mongolia is offering higher-grade coking coal at prices about […]
In a major setback to foreign investment in Pakistan, Century Steel Group, a leading Chinese conglomerate, has issued a warning about shutting down its operations and withdrawing its investment. Century Steel Group CEO Li Chunjian has announced plans to cease operations and withdraw investment from Pakistan, showing unresolved challenges with government entities overseeing foreign direct […]
India will announce a formula for defining green steel by mid-December and is working on government procurement for decarbonized steel, Sources told Reuters on Monday. Amidst the various steps toward increasing India’s production capacity for steel by 2030 to meet the growing demands of the Infrastructure industry, as per Experts on the report. India’s steel […]
Major players in the fashion industry, including Bestseller, Gap Inc., H&M Group, and Mango, are set to transform the consumer goods industry and promote sustainable practices. The Fashion Pact, in partnership with the Apparel Impact Institute, Guidehouse, and DBS Bank, has initiated a collective financing model to support apparel suppliers’ deep decarbonization. This initiative combines […]
Redress, a Hong Kong-based environmental NGO, is concluding its impactful consumer-focused series of sustainable fashion initiatives. The organization has been highlighting the innovation and dedication of Chinese designers who are leading the way sustainably, particularly through showcases at Shanghai Fashion Week and exhibitions at Bicester Village Shanghai. Dr. Christina Dean, Founder of Redress, emphasized the […]
The 17th edition of the Bangladesh Denim Expo has successfully concluded at the International Convention City Bashundhara in Dhaka. The expo was held on November 4th and 5th, 2024. The expo was organized by Bangladesh Apparel Exchange and had over 45 exhibitors from seven countries. This year’s expo was under the theme “A Blue New World.” […]
Seattle-based NGO Upaya Social Ventures has announced its investment in Ecoright, a unique sustainable fashion and ethical lifestyle brand based in Gujarat, India. Upaya leverages its philanthropic funding to provide dignified jobs for people living in extreme poverty. Since its inception in 2011, Upaya has invested in 41 companies and is reported to have created […]
China is increasing its coal power production, despite advancements in renewable energy, primarily due to soaring domestic electricity demand and concerns over energy security. With a record coal mining output of 4.7 billion metric tons in 2023, the country continues to develop new coal-fired power plants, approving 106 gigawatts of new capacity—enough to power the […]
China has requested that countries hold talks at next week’s COP29 U.N. climate summit on carbon border taxes and other “restrictive trade measures” that Beijing says are hurting developing countries, according to reports by Reuters. The talk is expected to highlight the mounting trade tensions between major economies that could disrupt this year’s United Nations climate […]
In a recent report on Reuters, they stated that Nippon Steel, Japan hopes to close a deal of $15 billion deal to buy US Steel before the Republican Leader Donald Trump Takes over the White House again in January. A senior executive explains that the acquisition is a core for future growth. However, as per […]
China is advancing renewable energy initiatives in Africa, highlighted by the presence of a geothermal power plant in Kenya’s Great Rift Valley. The 35-megawatt Orpower 22 project, led by the state-owned company PowerChina and funded by the Chinese firm Kaishan Group for US$93 million, aims to boost Kenya’s geothermal energy output. President William Ruto announced that […]
The two companies, India’s JSW steels and South Korea’s POSCO- are to invest 650 billion rupees ($7.73 billion) in a plant in India in the coming years, partially to capitalize on rising steel demand in the world’s fastest-growing major economy. JSW Steel and POSCO have signed an agreement to set up an integrated steel plant […]
The Ministry of Steel said in an official statement that the Government has invested Rs 1,650 crore in state-owned Rashtriya Ispat Nigam Limited (RINL) to tackle its financial issues. RINL is a public sector undertaking (PSU) under the Ministry of Steel, Government of India. It is also known as Vizag Steel and is the corporate entity of […]
