China has introduced a comprehensive 17-point plan aimed at transitioning to renewable energy while gradually reducing coal usage to enhance energy security and support its climate commitments. The National Development and Reform Commission (NDRC) emphasizes a safe and orderly energy transition across various industries, targeting a renewable energy consumption equivalent to over 1.1 billion tonnes of […]
Tokyo, Japan – Nippon Steel Corporation (NSC) today announced an international release of its ProStruct™ brand, a further extension of its advanced construction solutions to meet rising demand for high-performance building materials and infrastructure worldwide. First unveiled in Japan in 2022, the ProStruct™ brand represents the union of expertise possessed by Nippon Steel in the area of high-strength steel materials and structural technology, offering a comprehensive package of materials, engineering support, and construction technology meeting diverse market needs. […]
Beijing– Recent reports show that the industry could expect a dip in the demand for steel in China. As one of the largest producers and consumers of steel, officials warn China of mounting risks facing steel exports due to growing trade frictions. Demand dropping faster than supply led to oversupplying, which has weighed down the […]
Gensol Engineering Ltd and Matrix Gas & Renewables have been selected for another pioneering project to develop India’s first Green Hydrogen steel production facility. This initiative using 100 percent Green Hydrogen will signify a transformational step towards sustainable steelmaking and it will be the largest facility in the country. It is one of the three […]
JFE Steel Corporation and JSW Steel Limited have announced an agreement to acquire thyssenkrupp Electrical Steel India Private Limited, a leading manufacturer and supplier of electrical steel sheets based in Nashik, Maharashtra, India. In February 2024, JFE Steel and JSW established a joint venture for the production of GOES. The acquisition through their joint venture named JSW JFE Electrical Steel […]
Odisha – An explosion at the Jindal Steel and Power plant in Angul on Monday evening rocked the site, sending shivers down the spine of its workers. The incident occurred around 7:30 PM when a blast from the blast furnace of the steel plant shivered the air. In a press release, plant officials confirmed that […]
Delhi– Noel Tata, the half-brother of the late Ratan Tata, has been appointed as the new chairman of Tata Trusts, the philanthropic arm of India’s $165 billion Tata group. he announcement was made on Friday, shortly after the great Indian businessman Ratan Tata breathed his last. With a majority 66% stake in Tata Sons, the […]
Mumbai: The passing of Ratan Tata at the age of 86 was reported on Wednesday October 9, 2024. He had been undergoing intensive care in a Mumbai hospital, reported Reuters earlier on Wednesday. Among his many awards, he received the Padma Vibhushan, India’s second highest civilian honour, in 2008 for his exceptional and distinguished service […]
India– Steel authority of India, Limited (SAIL) has signed a deal with the global miner and an Australia-based resources company- BHP, working towards the reduction of carbon emissions in the Indian steel production plants that operate blast furnaces as per the reports by SAIL. The companies are exploring the use of hydrogen and biochar at […]
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 […]
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 […]
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. […]
