Salzgitter Mannesmann Stahlhandel GmbH, a Salzgitter AG company, has announced that it has agreed to sell its Austrian unit, Salzgitter Mannesmann Stahlhandel Austria, to the ECCO Group. As per this agreement, the ECCO Group is expected to take over assets, including its Graz and Gratkorn units in Austria. The Company stated that this decision aligns with its […]
PGE and Ørsted have signed another contract [1] for the production and supply of secondary steel structures for the Baltica 2 offshore wind farm. The agreement, awarded to Grupa Przemysłowa Baltic, marks a significant step in Poland’s offshore wind energy development. Under the contract, Grupa Przemysłowa Baltic will manufacture boat landings and anode cages at […]
Türkiye’s steel manufacturer Saritas Celik Sanayi has initiated a significant investment [1] in integrated stainless steel production, to enhance the country’s export capabilities and reduce dependency on imported materials. The new facility, located in the Yalova Machinery Specialized Organized Industrial Zone, will be developed in multiple phases, with full operational capacity anticipated by 2030. The […]
The Executive Board of thyssenkrupp AG has made significant progress in developing a strategic target model for the future course of the entire Group and will present its plans to the Supervisory Board of thyssenkrupp AG before the end of this fiscal year. The central strategy involves systematically divesting all business units of thyssenkrupp, making […]
The stainless steel industry is anticipated to face ongoing difficulties throughout 2025, with no significant market recovery expected in the near term due to seasonal demand lows and persistently weak prices, according to reports on Kallanish. Joost van Kleef, chairman of the BIR Stainless Steel & Special Alloys Committee and representative of Oryx Stainless, shared […]
HES International B.V. and Binding Solutions have signed a Memorandum of Understanding (MoU) to explore the feasibility of establishing an iron ore cold pelletizing facility at HES’s HBTR terminal in Rotterdam, the Netherlands. HES is a European provider of bulk handling services for industrial customers across the continent. BSL is a technology company that has […]
The global steel wire rod market is showing both stability in some key regions and growing concerns of oversupply in others. The current market for the US and Germany is providing a rare period of price and demand stability. However, China’s weakening demand alongside the rising production is dragging the prices downward. Reports show that […]
Turkey’s iron ore imports fell 17.3% year-on-year in the first quarter of 2025 [1], totaling 2.09 million metric tons, as crude steel production slowed. The value of these imports also declined 35.4% to $228.52 million, reflecting weaker demand. In March alone, Turkey imported 951,292 metric tons of iron ore, marking a 176.6% increase from February […]
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 […]
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 […]
Spanish steelmaker Acerinox reported an 81% decline in first-quarter [1] net profit compared to the same period in 2024, citing weak stainless steel demand in Europe and ongoing global trade uncertainties. The company posted a net profit of 10 million euros ($11.28 million) for the quarter, a sharp drop from 53 million euros a year […]
British Steel has announced plans to recruit more than 180 new employees [1] as it prepares to increase iron and steel production, marking the first significant expansion since the UK government intervened to prevent the shutdown of its blast furnaces. The company is hiring 165 workers in Scunthorpe and an additional 17 across its Teesside […]
Global law firm Baker McKenzie [1] has advised Van Merksteijn Steel Group in its merger with Südwest Beteiligungen, a strategic move that strengthens the newly formed Reinforcing Steel Europe B.V. (RSE) as a leading producer and processor of reinforcing steel across Europe. The headquarters of RSE will be based in Almelo, the Netherlands. The merger […]
Thyssenkrupp’s steel division announced on Wednesday that it has reached a preliminary agreement with the IG Metal union regarding the restructuring of Germany’s largest steel producer. The company emphasized its commitment to avoiding forced layoffs and cuts as part of the plan. Thyssenkrupp stated that the agreement comes after its earlier announcement of plans to […]
Turkey has significantly reduced its recycled steel imports from the United States in early 2025 while increasing its reliance on Russian shipments, signaling a shift in trade dynamics. SteelData reports that Turkish imports of U.S. ferrous scrap dropped by 23% in the first quarter compared to the same period in 2024. This decline coincides with […]
LKAB’s green transition initiatives have received approval from the Swedish National Audit Office, but it is still uncertain whether the efforts will be financially viable. For a year, the Swedish National Audit Office has investigated the state-owned company Luossavaara-Kiirunavaara Aktiebolag (LKAB)’s green transition of its business. The mining giant LKAB has extracted iron ore in […]
Steel pipe prices in Russia have fallen to their lowest levels [1] in two years, driven by weak domestic demand and excess production capacity. By mid-April, water and gas pipes were priced at RUB 64,600 per ton, the lowest since July 2023, while electric-welded pipes dropped to RUB 63,300 per ton, their lowest since March […]
SSAB, a Nordic and U.S.-based steel manufacturer, aims to create a stronger, lighter, and more sustainable world with its value-added steel products and services. The company has secured €2.3 billion in green financing to support its transformation project, which includes constructing a cutting-edge, fossil-free mini-mill in Luleå, Sweden. SSAB states that this transformation project is […]
SSAB, the Swedish steel producer, saw a significant drop in earnings in Q1 but still exceeded analyst estimates, as its high-value specialty steel products mitigated the impact of lower prices and reduced demand in broader markets. The company stated that its facilities’ proximity to customers in Europe and the United States has shielded it from […]
Spain has approved a €60 million grant [1] from EU funds to support the construction of a hydrogen-powered steel mill, recognized by the World Economic Forum as one of the most significant industrial decarbonization projects worldwide. This initiative, led by Hydnum, represents a crucial step toward advancing low-carbon steel production in the country. Hydnum was […]
Turkiye’s crude steel production declined [1] by 2.8 percent in March compared to the same month last year, falling to 3.1 million tons, according to data from the World Steel Association (worldsteel). During the first four months of 2025, output dropped 3.4 percent year-on-year to 9.3 million tons, ranking Türkiye as the seventh largest steel […]
France and other European countries will advocate for protection to shield the European steel industry against Chinese imports, French government spokesperson Sophie Primas said on Thursday. The statement came in response to steel giant ArcelorMittal’s decision to cut approximately 600 jobs across seven facilities in France, citing the ongoing struggles within Europe’s steel sector. “We […]
According to Eurostat data’s analysis, France’s steel industry recorded a notable increase [1] in exports of rolled metal products to third countries, increasing by 16.9% year-on-year to 158.21 thousand tons in January 2025. Compared to December 2024, exports also saw a strong 24.9% month-on-month rise. Exports of long products surged significantly, rising 57.4% y/y and […]
The European Commission has outlined a 2025–2030 work plan under the Ecodesign [1] for Sustainable Products Regulation (ESPR) and Energy Labelling Regulation, placing steel among the priority sectors for new sustainability requirements. The initiative expands the regulatory framework beyond energy efficiency to include mandates for durability, repairability, and recyclability, aiming to reduce environmental impact and […]
Tenova, an Italian firm under the Techint Group and a provider of advanced solutions for the metals and mining industries, has recently announced a strategic partnership with Finland’s Coolbrook, a leader in transformational engineering and technology. Together, they aim to develop integrated solutions combining their respective technologies to enable carbon-free production of iron, steel, and […]
Shahi Steel, the Bosnian unit of Turkish steel structures manufacturer Sahi Celik, has officially opened a new production plant in the city of Gradacac, according to the chamber of economy of Tuzla Canton (KPKT). The investment is expected to strengthen Bosnia’s industrial sector and attract further foreign investment. Shahi Steel specializes in the production of […]
JSW Steel plans to invest more than ₹50,000 crore to establish a 10 million tonnes per annum green steel plant near India’s financial capital, a senior company executive announced on Tuesday. “We will be investing Rs 50,000-60,000 crore for the green steel capacity,” Jindal told reporters. He also added that this will be a brownfield investment ( an investment […]
Turkey has reached its European Union (EU) steel import limits [1] for several product categories in the second quarter of 2025, reflecting heightened demand and ongoing trade constraints. According to data from the European Commission (EC), as of April 11, Turkish exporters had fully utilized their quotas for rebar (94,398 tons), wire rod (98,054 tons), […]
Hammerwerk Erft G. Diederichs GmbH & Co. KG signed a partnership with Germany’s GMH Gruppe for the use Green Power Premium Steel from Georgsm. arienhütte (GmbH) marking a pivotal role in climate-neutral methods. Georgsmarienhütte GmbH, a company of the GMH Group has supplied its first shipment of 120 tons of Green Power Premium Steel to […]
Tata Steel [1] shares surged by 6% on Friday, April 11, reaching an intraday high of ₹134.95 per share on the Bombay Stock Exchange (BSE). The sharp rise followed Tata Steel Nederland’s request for advice to the Central Works Council to initiate consultation on key aspects of its transformation program. As of 9:29 AM, Tata […]
Tata Steel on Wednesday said it will cut down around 1,600 jobs in the Netherlands in order to increase profitability amidst fierce competition due to the ongoing tariff war between China and the U.S. on the rising import tariffs. The decision will reduce Tata’s Dutch workforce by roughly 20%, mainly in their large steel plant […]
German steel manufacturers are urging the European Commission to swiftly implement [1] the EU Steel Action Plan, stressing its importance in safeguarding the industry against growing global competition, tightening environmental regulations, and economic uncertainty. In response to tariffs imposed by former U.S. President Donald Trump, the EU steel industry is now calling for stronger trade […]
Blastr Green Steel (Blastr) has signed a Memorandum of Understanding for the yearly supply of ultra-low CO₂ steel with Vogten Staal, a European steel service center. Vogten’s production lines are located in Maastricht, the Netherlands, with excellent connections for river, rail, and road transport. This marks Blastr’s third offtake agreement in under four months, driving a significant […]
Germany’s steel industry is facing growing uncertainty as indirect steel exports [1] to the United States reached 2.4 million tons, according to Wirtschaftsvereinigung Stahl (WVStahl), the German Steel Federation. The figure highlights the significant role of steel-intensive products, such as machinery and automotive components, in transatlantic trade. The announcement comes after concerns over new US […]
Thyssenkrupp Materials Processing Europe will offtake up to 100,000 tonnes of hydrogen-based flat steel per year from Hydnum Steel’s planned plant in Puertollano, Spain. Under a seven-year agreement, Hydnum’s green steel will support Thyssenkrupp’s efforts to decarbonize its supply chains in the automotive, construction, and appliance industries. As one of the world’s leading mill-independent materials […]
The steel industry, responsible for 7% to 9% of global carbon emissions, is under increasing pressure to decarbonize [1] as nations push toward net-zero targets by 2050. A major hurdle in reducing steel productions’ emissions lies in the iron ore-to-crude steel process, which currently relies heavily on coal, accounting for 80% of steel-related emissions. However, […]
An MIT-startup has developed a breakthrough method to produce steel commercially using electricity instead of carbon-heavy blast furnaces to commence the beginning of decarbonization in a significantly carbon-intensive industries. Boston Steel’s industrial-scale production facility can make a ton of steel per month using a molten oxide electrolysis (MOE). However, if powered by renewable energy, it […]
British Steel has announced plans to shut down its two blast furnaces [1] at the Scunthorpe steelworks, putting up to 2,700 jobs at risk. The decision came after the company failed to secure a financial rescue package from the UK government, marking a significant blow to the nation’s steel industry. The Chinese-owned firm, Jingye Group, […]
Zawya published a report that suggested that the Weak demand from consumer goods industries will limit the ability to sustain significant price hikes. The manufacturing costs are increasing in the US, along with the increasing demand for sluggish goods. Trade policy uncertainty further complicates short- and medium-term planning, leading many businesses to delay major decisions […]
The World Steel Association has reported that Türkiye’s crude steel output declined by 5.9 percent in January from a year ago to 2.9 million tons. The downward trend continued into February, with output over the first two months of 2025 falling 3.7% compared to the same period last year, totaling 6.1 million tons. Türkiye ranked the seventh-largest crude steel producer in […]
Marseille-based GravitHy, a pioneer in low-carbon iron production, has successfully raised €60 million in a funding round aimed at advancing its mission to decarbonize the steel industry. The investment, announced on March 26, 2025, attracted new backers, including the Japan Hydrogen Fund, Marcegaglia, Ecolab, Rio Tinto, and Siemens, alongside additional contributions from existing investors like […]
The World Steel Association (WorldSteel) has announced a 3.4% decline [1] in global crude steel production for February 2025, bringing the total output to 144.7 million tonnes. This drop marks a challenging period for the steel industry amid rising costs and weaker demand. China, the leading steel producer, recorded a 3.3% decline, producing 78.9 million […]
Fenix Resources has awarded MACA the mining contract for Beebyn-W11, its new iron ore mine in Western Australia’s Mid-West region. The contract covers drill and blast, ore extraction, and crushing and screening operations, with on-site mobilization scheduled to begin in the June quarter, marking a key step in the development of Fenix’s Beebyn- W11 project, […]
In 2024, the European Union recorded a substantial achievement in its export sector, with long products totaling 6.4 million tons [1] shipped to global markets. This milestone highlights the EU’s dominance in the manufacturing and distribution of these goods, which include bars, rods, and structural steel components essential for construction and industrial projects. The EU’s […]
German steel manufacturers have expressed increasing concerns [1] about the growing bureaucratic demands to document carbon emissions. The industry, a cornerstone of Germany’s economy, is grappling with stringent regulatory frameworks that aim to track and reduce greenhouse gas outputs as part of the European Union’s ambitious climate goals. As Europe pushes towards becoming carbon neutral […]
CEO Gunnar Groebler of German steel group Salzgitter says the company wants to expand its business catering to the defense industry, reported Reuters on Friday. “We’re broadly positioned with tempered sheet metals for the defence industry,” Groebler said. “Salzgitter also produces steel pipes used in the defence industry,” he added. Germany’s second largest steel producer is […]
The European Commission has unveiled [1] a new strategy for the steel and metals industries, aiming to counteract intense global competition. As part of this plan, the Commission intends to tighten import quotas, targeting a 15% reduction starting from April. The European steel industry, already weighed down by high energy costs and stiff competition from […]
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 […]
EU has announced their temporary anti-dumping duties ranging between 6.9% and 33% on hot rolled steel coil (HRC) imports from Japan, Vietnam, and Egypt, until a final decision is made by October. Previous reports also show that the imports of aluminium road wheels from Morocco were found to be unfairly subsidised, including those via China’s Belt […]
In 2024, the European Union’s (EU) steel trade showcased significant growth [1] in value despite a decrease in physical quantities. Steel exports reached €32.3 billion, marking a 9.9% increase compared to €29.4 billion in 2019. On the other hand, steel imports surged by 19.7%, totaling €39.5 billion. However, the weight of exported and imported steel […]
President Donald Trump has escalated trade tensions by threatening further tariffs [1] on imports, following retaliatory measures from the European Union and Canada. “Whatever they charge us, we’re charging them,” Trump told reporters at the White House. The ongoing dispute stems from Trump’s decision to impose a 25% tariff on steel imports, which he argues […]
As President Donald Trump’s latest tariffs on steel and aluminum imports came into force Wednesday, the European Union has responded [1] with officially implemented $28 billion retaliatory tariffs against the United States. This marks a significant escalation in the ongoing trade dispute with President Donald Trump’s administration. The countermeasures that came into force today are […]
Elcogen has officially announced the launch of the Horizon Europe SYRIUS project following a successful kick-off meeting hosted by project partner Acciai Speciali Terni Spa in February 2025. The SYRIUS project aims to transform the steel industry by enabling hydrogen production and circular energy use within steelmaking processes. Funded by a €10 million grant and […]
President Donald Trump has reignited trade tensions by imposing sweeping tariffs on key trading partners, including Canada, Mexico, and China. Beginning his second term with a bold move, Trump reinstated a 25% tariff on steel imports, escalating the situation into a full-blown trade war with immediate retaliatory measures announced by affected nations. Effective from March […]
Danieli signs a Memorandum of understanding defined to explore integration of Newcleo LFR technology with Green Steel technology and plants. The collaboration is set to explore the integration of newcleo’s Lead-cooled Fast Reactors (LFR) with Danieli’s steelmaking technology intended to combine the production of green steel with nuclear energy production. The companies will focus on […]
Amid ongoing challenges, Ukraine’s steel industry is showing resilience, with rolled steel production increasing by 6.6% year-on-year [1] in February 2025. According to data from Ukrmetprom, the country’s rolled steel output reached 476.9 thousand tons during the month. This growth reflects the industry’s ability to adapt and recover despite the disruptions caused by the ongoing […]
SSAB’s official statement said that they are establishing new blast furnaces in Oxelösund, Sweden, with an electric arc furnace and associated raw material handling. The aim is for the new production system to be up and running toward the end of 2026. The Oxelösund mill is said to be the first in the green transition […]
In February, Ukraine-based steel mill Zaporizhstal, a subsidiary of Metinvest, reported a production of 195.7 thousand tons [1] of rolled steel. This figure represents a slight decrease of 1.4% compared to last year. Despite the minor decline in rolled steel production, Zaporizhstal’s overall performance in February remained robust. The company produced 265.4 thousand tons of […]
Dr. Ronald J. O’Malley, the F. Kenneth Iverson Endowed Chair of Steelmaking Technologies at Missouri University of Science and Technology, has been honored with the 2025 Tadeusz Sendzimir Memorial Medal for Innovation in Steel Manufacturing Technology by the Association for Iron & Steel Technology (AIST). O’Malley earned a Ph.D. in metallurgy from Massachusetts Institute of […]
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 […]
The European Commission’s decision to scale back its key sustainability reporting regulations could pose challenges for investors seeking to allocate funds toward the bloc’s climate objectives. Since the 2015 global agreement on climate action, Europe has led efforts to transition the real economy toward net-zero emissions by 2050. This includes setting standards for defining “green” […]
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 […]
Blastr Green Steel (Blastr) has signed a memorandum of understanding (MoU) with Aurora Infrastructure for a build, own, and operate (BOO) agreement. Under this arrangement, Aurora, a Finnish electricity network partner, will be responsible for designing, constructing, operating, maintaining, and financing the electricity distribution infrastructure for Blastr’s proposed steel plant in Inkoo, Finland. Aurora Infrastructure […]
French Minister Marc Ferracci said on Thursday that Europe’s steel sector needs to be better protected from cheap imports as current measures seem insufficient. European steel producers are struggling with weak demand and a surge of low-cost imports from Asia, as China’s massive overcapacity floods global markets, prompting producers to shift excess supply to Europe. […]
Jindal Steel made an offer to the troubled Italian Steelmaker to about €4 billion ($4.2 billion), seeking to outbid rivals from Azerbaijan, people familiar with the matter acknowledged. Jindal’s latest proposal to the Italian government offers a payment of about €1 billion for the asset, along with around €3 billion to revamp the main steel […]
The UK government has cast uncertainty over the future of GB Energy [1], the state-owned green energy company, by declining to confirm future funding commitments. The Treasury’s decision to withhold affirmation of the promised £8.3 billion ($10.5 billion) funding package has raised concerns about the company’s ability to achieve its ambitious goals. GB Energy, established […]
New Hampshire lawmakers have passed two bills [1] that could see the state stepping back from its renewable energy commitments amid rising power prices. The legislation, House Bill 504 and House Bill 682, aims to prioritize affordability and efficiency by emphasizing market-driven energy sources, including fossil fuels. House Bill 504 updates the state’s energy policy […]
The foundation was set for one of Europe’s largest green hydrogen production plants, on Thursday, according to reports. Scheduled to begin operations in 2026, the plant will produce approximately 9,000 tons of green hydrogen annually to be used in the production of carbon-reduced steel. This initiative represents a step in the industrial application of hydrogen […]
Global Leaders Debate Trump’s Steel Tariffs and the Future of Supply Chains As global trade policies and decarbonisation goals collide, the need for innovative solutions in the steel and energy sectors has never been greater. The 2nd World Green Steel, Hydrogen, and Energy Summit to be held in Brussels, Belgium, on 29-30 April 2025 brings […]
On February 13, Lipetsk Oblast in Russia was under a massive raid by drones, according to regional governor Igor Artamonov. Reports say that the drones allegedly targeted Novolipetsk Steel (NLMK), Russia’s largest steel mill, known to produce about 20% of the country’s steel output. The production facility, situated approximately 400 kilometers from the Russia-Ukraine border, is responsible […]
With the European Commission’s (EC) approval, the French government has introduced € 500 million (US $ 516 million) chemical recycling program to promote the circular economy in the textile and plastic industries. The goal of the French government’s initiative is to encourage the chemical recycling of some types of plastic trash, including containers, film-based wrapping […]
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 […]
According to Adnan Aslan, The chairman of Türkiye’s Steel Exporters’ Association, the steel industry has the potential to export up to 2 million metric tons to help Syria reconstruct its land post-civil war. With the recent updates from Syria. Aslan said in a press conference that producers in Iskenderun have already begun exporting to Syria, though […]
Norway’s Equinor has announced a reduction in its renewable energy targets [1] for 2030, citing challenging market conditions. The company now aims for an installed capacity of 10-12 gigawatts (GW) by 2030, down from its previous target of 12-16 GW. This decision follows similar moves by other European energy firms like BP and Shell, which […]
Thousands of steelworkers marched through the streets of Brussels on Wednesday, calling for urgent intervention from the European Union to support the struggling steel industry. The protest comes as Belgian cinemas screen a documentary highlighting the sector’s decline, underscoring growing concerns over job losses and economic challenges. “L’acier a coulé dans nos veines which means […]
USA’s Amazon and Iberdrola have announced an expansion of their global renewable energy partnership [1], adding 476 megawatts (MW) of renewable energy power purchase agreements (PPAs) in Portugal and Spain. This marks Amazon’s first renewable energy projects in these countries, furthering their commitment to achieving net-zero carbon emissions by 2040. The new PPAs include a […]
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, […]
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have significantly scaled up their support for Serbia’s transition to clean energy [1]. The two entities are jointly funding the reconstruction of the Vlasinske hydropower cascade, a critical step in modernizing Serbia’s energy infrastructure. The EBRD is providing a loan of up to €67 […]
Ørsted, the world’s leading offshore wind developer, has announced the replacement of its CEO [1], Mads Nipper, amid challenging times for the wind power industry. Nipper, who took over as CEO in January 2021, will step down on February 1, 2025, and will be succeeded by Rasmus Errboe, the current deputy CEO and chief commercial officer. The […]
Turkish steelmaker Tosyalı Holding has announced plans to invest nearly USD 1 billion to install 1.2 GW of solar power capacity for self-consumption across eight provinces. The initiative aligns with the company’s strategy to enhance renewable energy use in its operations. Tosyalı has signed agreements to develop 120 MW of peak solar capacity in Osmaniye, […]
Italy and Tunisia have taken a significant step towards enhancing their energy cooperation with the signing of the Elmed energy link project [1]. This ambitious initiative aims to connect the electricity grids of the two countries through a 200-kilometer high-voltage direct current (HVDC) submarine cable. The Elmed project, with a total cost of €920 million, is co-financed […]
The Czech investor Daniel Kretinsky has confirmed his interest in Thyssenkrupp Steel. Daniel Kretinsky runs and owns Energeticky, a prumyslovy holding (EPH), the biggest energy group in Central Europe. During the 2020 market crash, he took the stock market by storm, making bets on companies like Macy’s, Foot Locker, Sainsbury, and Royal Mail. Thyssenkrupp shares […]
The Norwegian government has collapsed following a heated dispute [1] over EU-mandated renewable energy policies. The Centre Party, known for its eurosceptic stance, withdrew from the coalition government on January 30, 2025, leaving Prime Minister Jonas Gahr Støre’s Labour Party to govern alone for the first time in 25 years. The conflict arose from the European Union’s […]
DSV, a global logistics leader, celebrated the launch of its first renewable energy [1]assets at its Landskrona warehouse facilities in Sweden. This strategic move signifies a milestone in DSV’s journey toward achieving net-zero CO2 emissions by 2050. The new facilities feature more than 100,000 square meters of rooftop solar panels, which generate 14 MWp of […]
Italy’s Cimbali Group, well known for it manufacturing of espresso machines, has embarked on an ambitious renewable energy [1] project at its Dolo facility in Italy. This new initiative underscores the company’s commitment to sustainability and its ongoing efforts to reduce its environmental footprint. The project involves the installation of 460 photovoltaic modules with a […]
Türkiye’s largest steelmaker, Tosyali Holding, has decided to invest around $1 billion in solar energy investments to support green steel production, the company’s chairman, Fuat Tosyali, said, according to Türkiye today. At the 55th Annual Meeting of the World Economic Forum in Davos, Switzerland, Tosyali said that 70% of the world’s Steel Industry is based […]
Paris Men’s Fashion Week has become a significant platform for promoting sustainability in the fashion industry. Renowned for its innovation and creativity, the event now embraces eco-friendly practices and ethical design, signaling a shift toward a more responsible fashion future. Designers at the forefront of this movement have integrated sustainability into their collections. Rick Owens, […]
CEO Mauro Longobardo reported that ArcelorMittal Kryvyi Rih failed to reach break-even production levels in 2024. He attributed this to several factors, including electricity supply shortages, high energy prices, the need to import a significant portion of electricity, staffing, and expensive logistics with unfavorable pricing conditions in metal markets. “All of this negatively affects our […]
Russian coal and steel producer Mechel, sanctioned by the United States a year ago, has agreed on a new debt restructuring as low coal prices and high interest rates put pressure on its payment schedule. Russian companies and lobby groups have raised concerns over soaring interest rates, which closed the year at a steep 21%. […]
European Union co-founded a project named TWINGHY, aiming to introduce hydrogen as a fuel to replace natural gas in reheating furnaces in the steel sector. The project aims to create a digital twin-control furnace behavior and enhance operational efficiency. The EU-funded project, launched in 2023, will continue for three years with a budget exceeding EUR […]
Albania, Italy, and the United Arab Emirates (UAE) have signed a tripartite strategic partnership [1] agreement on renewable energy and energy infrastructure. The agreement was signed in Abu Dhabi during the Abu Dhabi Sustainability Week, in the presence of UAE President Mohamed bin Zayed al Nahyan, Italian Prime Minister Giorgia Meloni, and Albanian Prime Minister […]
Thyssenkrupp has planned its commitment to a €3 billion ($3.1 billion) green steel production site, indicating that the project could proceed even if Germany’s aspirations to establish a world-leading hydrogen industry fail. German opposition leader Friedrich Merz, who is widely regarded as a strong candidate for the chancellorship in next month’s election, Speaking on Monday […]
Germany is taking a significant step towards renewable energy with the installation of solar systems [1] along motorways near the Garzweiler open-pit lignite mine in North Rhine-Westphalia. The Garzweiler open pit mine has been operational for over a century and is expected to continue functioning until 2045. However, the mine’s future land use and reclamation […]
Reports show that Ukraine’s steel output has increased by 21.6% in 2024, reaching 7.58 million metric tons, according to its producers’ union on Thursday. However, the ongoing fight near the country’s sole coking coal mine poses a significant threat to production levels this year. The steel industry has already faced severe setbacks since Russia’s invasion […]
The European Steel Association (Eurofer) has called for significant adjustments to the European Commission’s steel safeguard measures as part of an ongoing review, according to Yuriy Rudyuk, a partner at the law firm Van Bael & Bellis, reported Argus Media. Eurofer has proposed reducing safeguard quota volumes to address the declining steel demand across the […]
Germany’s manufacturing sector ended 2024 on a sour note, with sharper drops in both output and new orders, signaling continued struggles for the industrial backbone of Europe’s largest economy, a survey showed on Thursday. The HCOB Germany Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 42.5 in December from 43.0 in October […]
The European Fashion Alliance has released its latest report, The Status of European Fashion Report 2024 [1], providing a comprehensive exploration of the current landscape of the European fashion industry. The report emphasized the urgent need for sustainability, innovation, and collaboration across the sector, highlighting the critical role of creativity in driving positive environmental and […]
Smartex has released the second edition of its Modern Textile Factory (MTF) Report, The Textile Data Highway [1]. The report delves into how a seamless data highway is transforming textile supply chains by leveraging high-quality, communicable, and actionable data to optimize operations, enhance product quality, and drive sustainability. The report highlights the importance of resource […]
