Europe

Teijin to Invest in “Circularise B.V.”, to develop traceability management systems

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 […]

Better Cotton Joins Make the Label Count Coalition

The world’s largest cotton sustainability program, Better Cotton, has joined the Make the Label Count coalition [1] to advocate for more accurate and science-based sustainability metrics in the fashion and textile industries. The coalition, which includes over 50 natural fiber organizations and environmental groups, is calling for an urgent revision of the European Commission’s Product […]

Brenmiller Europe S.L. Names Emilio Lopez as Board Chairman

Spain-based Brenmiller Europe S.L., a joint venture established to accelerate the commercial rollout of bGen™ thermal energy storage technology across Europe, has appointed Emilio Lopez [1] as its new Board Chairman. Emilio Lopez brings over 25 years of executive leadership experience in the renewable energy and energy efficiency sectors. His extensive expertise spans multiple countries, […]

German Economy faces challenges, says IW

German business associations have expressed concerns about worsening economic conditions, with many predicting further challenges in 2025, according to a survey released on Friday by the German Economic Institute (IW) “The German economy won’t get off the ground in 2025 either,” said IW Director Michael Huether in a report by Reuters. German business associations gave […]

Solarstrom Partners with SolarEdge for Landmark Community Solar Project in Brandenburg

Solarstrom Grebs GbR, a German private investment company, has announced an ambitious plan to transform unused land [1] into a state-of-the-art solar installation in Brandenburg. This project aims to install a 922 kW community solar farm on 0.7 hectares of previously unused land, providing clean and affordable energy to approximately 250 households in the local […]

GMM Pfaudler Subsidiary Acquires 51% Stake in German Firm to Set Up Manufacturing Unit

GMM Pfaudler to Establish Manufacturing Facility in Poland with 51% Stake in Polish Firm GMM Pfaudler Ltd, a global leader in corrosion-resistant technologies, announced plans to set up a manufacturing unit in Poland to enhance its production capabilities in Europe. The company, through its German subsidiary Pfaudler GmbH, signed an Investment and Shareholders’ Agreement on […]

Researchers in France Propose to Use AI to Protect Solar Panels from Extreme Weather

Researchers at the Centre for Material Forming at PLS University in Sophia Antipolis in France, have proposed a unique numerical decision-making framework to protect solar panels from extreme weather conditions. This innovative method combines advanced wind simulations with artificial intelligence and machine learning to optimize individual solar panel angles under strong winds. Unlike previous methods, this […]

Leather Working Group Publishes Comprehensive Life Cycle Assessment Report

The Leather Working Group (LWG) has released a comprehensive Life Cycle Assessment (LCA) report [1], conducted by Spin 360, analyzing the environmental impact of producing one square meter of finished leather. The report evaluates 50 leather products across six categories, including footwear, furniture, leather goods, and automotive upholstery, covering the entire production process from raw […]

Puma Partners with Woodspin to Promote Sustainable Fashion with Wood-Based Fibers

Sportswear giant Puma has signed a multi-year, non-binding Letter of Intent (LOI) with Woodspin [1], to secure volumes of wood-based Spinnova fiber for future collections. Woodspin is a joint venture between Spinnova and Suzano. This collaboration aims to showcase the potential of sustainably sourced and renewable raw materials to transform the fashion industry.  The partnership […]

SSAB receives environmental permit to transform steel plant in Luleå

SSAB Secures Permit to Build Mini-Mill in Sweden, Set to Replace Current Steel Plant SSAB has been granted the required permit by the Land and Environmental Court in Umeå to construct and operate a mini-mill in Luleå, Sweden, which will replace the existing steel plant. The approval will enable the company’s technological shift, promising positive […]

ZDHC Foundation Releases Guidelines for Sustainable Chemical Management in Recycled Polyester Production

The Zero Discharge of Hazardous Chemicals (ZDHC) Foundation, a global chemical management group, has released the Recycled Polyester Guidelines V1.0 and Industry Standard Implementation Approach V1.0 [1] to address sustainable chemical management in recycled polyester production. These guidelines provide comprehensive requirements for input, process, and output management, covering both bottle-to-textile and textile-to-textile recycling processes.  The […]

Electra signs MoU with Interfer

Electra, headquartered in Boulder, Colorado, has signed a memorandum of understanding with German steel and raw materials trader Interfer Edelstahl Group to partner on clean iron production for specialty steel. Electra is a producer of low-carbon iron and is transforming the environmental footprint of the iron and steel industry by utilizing chemistry and renewable energy […]

Thyssenkrupp labour leader demands clarity

Employees at Thyssenkrupp’s steel unit are pressing co-owner Daniel Kretinsky for clarity on his plans for the division, with a labor leader cautioning that his silence signals potential challenges for future cooperation. Reuters reported, “I am very open with regard to the question of investors,” said Knut Giesler, who heads the IG Metall union in […]

German Environmental Aid Sues Adidas Over Climate Neutrality Claims

German Environmental Aid (DUH) has filed a lawsuit against Adidas AG [1] at the Nuremberg-Fürth Regional Court, challenging the sportswear giant’s pledge to become “climate neutral” by 2050. The environmental organization claims that Adidas’s advertising campaign lacks concrete details on how the company plans to achieve this goal, accusing the company of “greenwashing.” DUH’s Federal […]

Lectra’s AI-Powered Innovations Unlock Sustainability in Fashion

Lectra, a pioneer in Industry 4.0 solutions, is leveraging AI, IoT, and Big Data to streamline production processes and minimize fabric waste, assisting the fashion industry in meeting consumer demand. Lectra’s latest innovation, Valia Fashion, is a revolutionary digital platform that automates and connects the entire fashion production workflow. It seamlessly integrates with existing cutting […]

German Government Open to Berlin Acquiring Thyssenkrupp Stake

German Chancellor Olaf Scholz has indicated that the German government may consider acquiring a stake in Thyssenkrupp’s steel business, he said in an interview with a German newspaper. However, earlier this year, Thyssenkrupp sold a 20% stake in its steel division to Czech billionaire Daniel Kretinsky and is currently in discussions to sell an additional […]

Great Lakes region affected by steel industry pollution

Pollution from coal-based steel production has been causing hundreds of premature deaths each year, with people in the Great Lakes region bearing much of the burden, according to a recent report. In October, the nonprofit research group Industrious Labs reported about 17 coal-based steel plants and coke facilities operating in the United States, causing health […]

IEA-PVPS Stated That String Inverters Are Best For Partially Shaded PV Systems

As per the latest IEA-PVPS report, in partially shaded PV generators, string inverters (SINV) can surpass module-level power electronics (MLPE). The technical report, “Performance of Partially Shaded PV Generators Operated by Optimized Power Electronics 2024,” highlights the recent obstacles of partial shading in PV systems and assess the most recent technological transformation for upgrading energy […]

Western Europe to Witness Largest Hydroelectric Power Plant Constructed by Spain

Iberdrola, Spain’s leading electric utility company aims to construct the largest hydroelectric power plant in Western Europe. As per company’s statement, the project will commence from next year on Conso II, a pumped storage power plant, or Giga battery, in the Sil basin in Ourense in the country’s northwestern region of Galicia. The company has lately […]

H&M Signs Green Energy Deal with PECC2 to Facilitate Renewable Energy Transition for Vietnam-based Suppliers

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 […]

FWF and EOG Unite to Enhance Workers’ Rights in Outdoor Apparel Supply Chain

The Fair Wear Foundation, a multi-stakeholder initiative focused on garment workers’ rights, has announced a significant partnership with the European Outdoor Group (EOG) [1], the association representing the European outdoor industry. This collaboration aims to drive long-term improvements in workers’ rights and enhance human rights due diligence across the outdoor apparel supply chain. The partnership […]

The EU is considering the possibility of extending caps on steel imports, says the commissioner

Executive Vice-President Stephane Sejourne said on Tuesday that the European Commission would look into ways to extend measures to limit steel imports as part of an overall plan to protect the sector with the intention of decarbonizing. Reuters reported that Sejourne, the French commissioner responsible for the European Union’s industrial policy, told reporters during a […]

Klimavest Attains Initial Wind Farm In Ireland

Commerz Real for its Klimavest sustainable infrastructure investment fund has took over a new 57.6MW wind farm in the Irish midlands. Through the takeover of Moanvane Wind Farm in County Offaly, Klimavest is making its debut into the Irish renewables sector. The wind farm which is stationed about a 90-minute drive west of Dublin has […]

Ministers may renationalise British Steel if the rescue plan falls through.

Government ministers are considering renationalizing British Steel in a final effort to protect thousands of jobs, as tensions increase amid a standoff between the government and the company’s Chinese owners over a £1 billion investment. Jonathan Reynolds, the business secretary, is in talks with British Steel and its owner, Jingye, about how much each party […]

EU Adopts Regulation Prohibiting Products Made Using Forced Labour

In a landmark decision, the Council of the European Union has adopted a regulation [1] prohibiting the sale, import, and export of products made using forced labor, including textile products. This regulation, approved on November 19, 2024, aims to eradicate forced labour within the EU market and promote global human rights. This is the last […]

Scottish Textile Researchers Develop World-First Visual Grading System to Combat Microplastic Pollution

Textile researchers from Scotland’s Heriot-Watt University, led by Dr. Lisa Macintyre, have developed a visual fibre fragmentation scale [1]—the world’s first textile grading system of its kind aimed at fighting microplastic pollution in the fashion industry. The new grading system is the result of four years of research. The five-point scale assesses the volume of […]

Big steelmakers failing to make the switch to renewables

A survey of 18 major steelmakers revealed that many are lagging in the transition to low-carbon production, with some still relying entirely on fossil fuels for their energy needs, reported by Reuters. Steel production accounts for 7% of global Carbon dioxide emissions, roughly equivalent to India’s total emissions, with coal-fired blast furnaces generating 2 metric […]

Fashion for Good Launches Comprehensive Biosynthetic Feedstock Initiative

Fashion for Good, a global platform committed to fostering innovation in the fashion industry, has launched the Feedstock Assessment for Biosynthetic Innovation [1]. This ambitious initiative, undertaken in collaboration with leading brands such as Bestseller and On and the nova-Institute, aims to pivot the fashion industry away from its reliance on fossil-fuel-based polymers. The project […]

BMW and British Vogue Champion Emerging Talent with Future Creators Design Competition

In a growing trend of cross-industry collaboration in sustainable luxury design, BMW has partnered with British Vogue [1] to celebrate emerging talent through their Future Creators Design Competition. This is the first collaboration of its kind between automotive and fashion design. The competition invited aspiring designers, including students and recent graduates, to create pieces inspired […]

Blastr Green Steel expands INTERFE collaboration

Blastr Green Steel (Blastr) has signed a Memorandum of Understanding (MoU) with INTERFER Edelstahl Group, a European steel trading company, to deliver 150,000 tonnes of ultra-low CO₂ steel products annually. This marks the second off-take agreement announced in just over a month, representing 10% of the projected capacity at Blastr’s upcoming green steel plant in […]

EU’s CAPITAL MARKETS: COLLAPSING VIABLE RENEWABLES

As per the report of European business think tank Themis Foresight and Nord/LB, Europe’s economy is lacking $215 trillion essential to accomplish 2050’s net zero target. Even with the availability of adequate capital, Europe’s markets are halted from capital allocation and expansion due to numerous fundamental reasons, encompassing low-risk appetite for renewable energy projects from benefactors and an inefficient […]

EURATEX and AMITH Sign MoU to Strengthen Partnership in the Textiles Industry

EURATEX (the European Apparel and Textile Confederation) and AMITH (Association Marocaine des Industries du Textile et de l’Habillement) have formalized a partnership by signing a Memorandum of Understanding [1] (MoU) during the Maroc in Mode 2024 event in Casablanca, Morocco. This agreement aims to deepen collaboration and promote mutual growth within the textiles industry between […]

Stegra and Uniper Inked an Electricity Agreement

Stegra and Uniper have signed a long-term agreement for the supply of 6 TWh of electricity to Stegra’s plant in Northern Sweden. Uniper is an energy company with global reach and activities in more than 40 countries.  In a long-term power purchase agreement (PPA) with Uniper, Stegra secures a yearly supply of electricity produced over […]

Thyssenkrupp to cut 11,000 jobs at steel division

Thyssenkrupp’s steel division has announced plans to reduce its workforce by approximately 40% in the coming years, marking the latest significant restructuring effort by the German industrial giant. Workers have opposed the move strongly. Germany’s largest steelmaker, a division of Thyssenkrupp AG, is also facing competition from Asian companies that were not competitors earlier, with […]

ArcelorMittal announces delay in planned green investments within the EU.

ArcelorMittal, the world’s second-largest steelmaker, announced on Friday that it is postponing planned green investments, due to uncertainties surrounding European Union regulatory directives. Earlier this year, the company secured €850 million ($885 million) in subsidies from the French government to support its €1.7 billion decarbonization investment program, scheduled to run through 2030 at its Dunkirk […]

Celsa Sells British and Norwegian Steel Mills to Sev.en GI

Spanish steelmaker Celsa has finalized the sale of its mills in Britain and Norway to Se.ven GI, the Czech investment fund confirmed on Thursday, following an earlier report by news outlet El Confidencial. El Confidencial, citing industry sources, reported that the deal was valued at €600 million ($632.10 million), however the company hasn’t confirmed anything yet. […]

Steelworkers in northern France go on strike

Steelworkers in two northern French cities launched a strike on Wednesday, the CFDT union informed Reuters. The action follows ArcelorMittal’s announcement of possible closures of two plants in the region, which could impact around 130 workers. The company said the potential closures are due to problems in the European auto industry and high raw material […]

Thyssenkrupp in €1bn writedown of steel business

Thyssenkrupp, Germany’s largest steelmaker, has announced a €1 billion writedown of its steel division, warning of a structural decline in demand from European industries along with the cost of decarbonization said in a report by Financial Times. The latest write-down of Thyssenkrupp’s steel business comes down with hopes that Czech billionaire Daniel Kretinsky, who currently […]

Fashion Giants join hands to cut down CO2 emissions

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 […]

MCM reimagines luxury with Mirum : A sustainable, vegan, leather alternative

MCM, a high-end German fashion brand, has launched a new capsule collection named Mirum. This collection includes an innovative, environmental friendly and cruelty-free alternative to traditional leather. “Traditional leather alternatives are heavily reliant on fossil-fuel derived synthetics, which do not biodegrade and contribute to the global plastic issue. That’s why we are proud to partner […]

Lululemon faces growing scrutiny over greenwashing 

Canadian athleisure brand Lululemon is under increasing pressure over allegations of misleading consumers about its environmental impact. The accusations were brought forward by the Canadian environmental campaign group Stand.earth, claim that Lululemon is engaging in greenwashing. Stand.earth has filed legal complaints against Lululemon’s ‘Be Planet’ campaign in Canada, France, and the USA, arguing that the […]

H&M partners with Lightsource BP to build solar farm in Texas

H&M Group is partnering with Lightsource BP to construct a large-scale solar farm in Texas, USA, as part of their climate goals. The fashion giant has signed a virtual power purchase agreement (VPPA) with global solar leader Lightsource BP for a 125 MW Second Division solar project, which will play a significant role in reducing […]

Emerging Green Steel Companies to Benefit as EU Carbon Tariffs Approach

Plans are in progress to construct an electric arc furnace aimed at producing green steel for Europe on Thailand’s eastern coast. This will benefit Europe from contentious new rules that will force buyers to pay tariffs on high-carbon imports. In 2023, the EU imported 16 million tons of finished steel products from Asia, with mills […]

British Steel furnaces set to stay open beyond 2024

British Steel’s blast furnaces in Scunthorpe will continue operating into the New Year. Following reports in August that the furnaces might close this year, British Steel spokesperson has confirmed that they will remain open through 2024. An early closure would have impacted over 2,000 employees. British Steel has acquired the necessary raw materials to keep […]

Sanjeev Gupta to restructure Speciality Steel UK arm

Steel magnate Sanjeev Gupta is set to seek court approval to restructure the majority of his remaining UK operations. Sky News reported that Liberty Steel, Mr. Gupta’s privately-owned company, will introduce a restructuring plan for its UK Speciality Steel division (SSUK) on Monday, aimed at significantly reducing its debt. Begbies Traynor, considered the insolvency practitioner, has […]

Aesthetics vs Sustainability : what really meets the consumer demands in swimwear market

David Shah, a renowned trend forecaster, painted a challenging yet hopeful picture for the textile industry, particularly in swimwear and activewear, at the Mare di Moda fair, held from November 5 to 7 at the Paris des Festivals in Cannes, France. He began his seminar with a powerful statement which stated “I’ve been in this […]

Max Mara Finally Goes Fur-Free Following Global Campaign

Following a global campaign by animal rights groups, the Italian luxury brand Max Mara has confirmed that it has gone fur-free. This decision comes after an 18-month-long campaign led by individual activists, the Coalition to Abolish the Fur Trade (CAFT), and the Fur Free Alliance, which mounted significant pressure on the fashion giant. For some […]

China wants “unilateral restrictive trade measures” on COP29 Agenda

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 […]

Iberdrola has partnered with Italian steel giant Acciaierie Venete to supply it with photovoltaic electricity.

Iberdrola, a global leader in renewable energy, has signed a multi-year agreement with Acciaierie Venete Spa, a key player in Europe’s steel industry, to supply 12 MW of green electricity through a Power Purchase Agreement (PPA). Under this deal, Iberdrola will provide clean energy from one of its photovoltaic plants currently under construction, delivering a […]

ArcelorMittal could boost Ukraine steel output, Reports say

ArcelorMittal, the world’s second-largest steel producer, could potentially more than double its annual production in Ukraine, increasing output by at least 3 million metric tons if stability returns to the conflict-impacted region. Chief Financial Officer Genuino Christino shared this outlook during a quarterly investor call on Thursday. However, he did not specify the exact conditions […]

Winter Demand Surge in Europe’s Natural Gas Generation and Emissions 

Europe’s natural gas generation and emissions, which were at their lowest in the first three quarters of 2024, are expected to rise significantly as winter arrives. From January to September, electricity production from coal and natural gas decreased by 7.5% compared to 2023, resulting in a 7% drop in power emissions to 928 million metric […]

Pennsylvania Invests Over $6.7 Million to Support MEPPI’s Expansion and Job Creation in the Pittsburgh Area 

Pennsylvania has announced an investment of over $6.7 million to support Mitsubishi Electric Power Products, Inc. (MEPPI) in expanding its operations in the Pittsburgh area, which is part of MEPPI’s larger $86 million investment plan. They are planning on building an advanced switchgear factory and increasing facilities for power electronics and testing labs.  This project will […]

British Steel shapes SeAH Wind’s £900M Project

Construction is advancing on one of the world’s largest offshore wind farms being developed on Teesside with the help of British steel. SeAH Wind, by SeAH Steel Holdings Corporation, based in the United Kingdom, constructing its £900 million monopile manufacturing facility on the south bank of the River Tees at Teesworks is currently 90% complete. Following […]

Major shareholder of Salzgitter is considering a takeover bid

Major shareholder of Salzgitter, GP Günter Papenburg was considering a potential takeover of the German steelmaker with a partner., reported by Reuters. GP Günter Papenburg has notified the Company that it is considering, together with TSR Recycling GmbH & Co. KG (jointly the “Consortium”), to submit a voluntary public takeover bid to the shareholders of […]

TAQANA Energy Solutions: A New Era of Sustainable Manufacturing in Abu Dhabi 

The Arab Development Establishment (ADE) and Schneider Electric have officially inaugurated their joint venture manufacturing facility, TAQANA Energy Solutions, in Abu Dhabi’s Industrial City. The opening ceremony was attended by key dignitaries, including government officials and industry leaders, and aligns with the UAE’s “Make it in the Emirates” initiative.    His Excellency Omar Al Suwaidi […]

Microsoft to replace steel in data centers with wood

Microsoft has announced initiatives to reduce the embodied carbon footprint of its data centers, notably the latest development, using wood in construction to replace steel and concrete. Microsoft had set 2030 goals to become carbon-negative by reducing Scope 3 emissions by more than half compared to 2020; the company reported that Scope 3 emissions in 2023 […]

12 Killed in Explosion in Simec Steel Plant in Tlaxcala State of Mexico

Tlaxcala, Mexico – On Wednesday morning, a morning blast took place inside the facility of a Simec-owned steel plant situated in Apizaco, Tlaxcala. According to the statement of state authorities, at least 12 workers have been killed due to this blast. “At the plant of the steel complex located in the city of Apizaco, Tlaxcala, a liquid steel spill occurred with the loss of human lives, temporarily paralyzing operations,” according to a confirmed statement by Simec. […]

Princess Elisabeth Island: Belgium’s Green Energy Ambitions Face Major Financial Hurdles 

The construction of Belgium’s first green energy island, Princess Elisabeth Island, is facing significant financial challenges as costs have surged to over seven billion euros, more than triple the initial estimate of 2.2 billion euros. This ambitious project, located 45 km off the Belgian coast, aims to support the country’s shift from fossil fuels to […]

Erdogan Announces Turkey’s Goal to Develop “Steel Dome” Air Defence System

President Tayyip Erdogan announced on Tuesday that Turkey plans to build its own “Steel Dome” multi-layered air defence system soon and stated that Ankara intends to increase its long-range missile capabilities. NATO member Turkey has reduced its dependence on external suppliers of defense equipment. It has become a leading manufacturer of armed drones for the […]

Rising to New Roles

Alberta Ferretti, a leading name in Italian luxury fashion, is celebrated for its ethereal, intricately designed garments that epitomise femininity and elegance. Founded by Alberta Ferretti in 1981, the brand rose to prominence throughout the 1980s and 1990s with its signature gowns, graceful draping, and meticulous craftsmanship. Under the Aeffe Group—established by Ferretti and her […]

Green steel for sustainable mobility: thyssenkrupp Steel collaborates with Volkswagen Group

thyssenkrupp Steel and Volkswagen Group have joined forces to advance green steel production. thyssenkrupp Steel’s direct reduction plant, set to begin operations in 2027, will utilize hydrogen and green electricity, significantly lowering the carbon footprint compared to traditional steel manufacturing methods. Initially, the plant will use natural gas as a reducing agent, gradually transitioning to […]

voestalpine sells its German steel division to the investor Mutares.

Austrian steelmaker voestalpine, has announced its decision to sell its German subsidiary, Buderus Edelstahl, to an investment firm, Mutares. Buderus Edelstahl is considered the High Performance Metals Division of voestalpine that is concentrating its product portfolio on the technologically demanding high-performance materials segments. This decision was made to support the future growth of Buderus Edelstahl. […]

Blastr and Knauf Interfer to collaborate for ultra-low CO₂ steel.

Blastr Green Steel has entered a memorandum of Understanding with Knauf Interfer for the annual supply of 100,000 tonnes of ultra-low CO₂ steel. This collaboration is aimed at increasing the supply of decarbonised steel in Europe. Blastr is developing a low-carbon steel value chain that cuts CO₂ emissions by over 90%, using hydrogen instead of coal […]

EU Grants €128 Million to Decarbonize SSAB Steel

Sweden– The European Commission announced the approval of a €128 million Swedish state aid initiative to support steelmaker SSAB’s project to decarbonize its steel production. The funding will facilitate the transition from coal-based steelmaking to electric arc furnace production using fossil-free energy sources. The grant will come from the EU’s Just Transition Fund, established in […]

SSAB and Parmaco: the World’s First Fossil-Free Steel concept Building

Parmaco, who is specialized in creating versatile spaces for schools, daycares, offices, residential complexes, and government facilities is about to create the World’s first fossil-free steel concept building by 2025. SSAB, a leading steel manufacturer based in the Nordic region and the US, has joined forces with Parmaco, a top designer and developer of modular […]

Turkish demand for crude steel expected to fall

Turkey – The World Steel Association predicts a decline in crude steel demand in Türkiye with an expected drop of 5.5 percent in 2024 reducing the total demand down to 36 million tons from the previous year. The association’s report further projects, that a 1.4 percent decrease in 2025 brings demand down to 35.5 million tons. Crude steel demand has been observing a surge between 2022 […]

Tata Steel Partners with Tenova to Deliver Electric Arc Furnace for Port Talbot Site

Tata Steel’s signing of a groundbreaking contract with Tenova, the global leader in metals technology-to design, supply, and install a state-of-the-art electric arc furnace and associated advanced steelmaking equipment for its Port Talbot site in Wales, UK, has been hailed as one of the defining moments of Tata Steel’s journey toward greener steel, aimed at […]

BHP Starts FY2025 Strong with Increased Production and Strategic Growth Initiatives

BHP seems to have a strong start for the 2025 financial year with the production up across all major commodities for the quarter. As per the official statement by BHP, Copper production was up 4% due to higher grade and recoveries at Escondida, and WAIO production was up 3% as the company unlocked capacity by completing the debottlenecking work […]

Stegra is partnering with John Laing and Aquatech to provide a sustainable water treatment plant.

Stegra is partnering with John Laing and Aquatech to provide a sustainable water treatment plant to the world’s first large-scale green steel plant.  Boden- In a significant decision towards the sustainable growth of the industry, Stegra has entered a corporate private-to-private partnership (PPP) with John Laing, a leading international investor in infrastructure assets, and Aquatech, a […]

The first SALCOS® Steel at Malben in South Africa/ Curtesy Salzgitter AG

Salzgitter AG Ships First “Green Steel” to South Africa’s Automotive Industry

Salzgitter group companies are supplying SALCOS®green steel to South Africa for the first time for testing purposes. This investment gives them the first tier-1 supplier in the country to be using CO2-reduced steel for their customers’ vehicle production.  The two companies that have partnered in the same are Allied Steelrode and Malben Engineering in South Africa. As per SALCOS®, they […]

Spain’s Textile Waste Pilot

Ahead of the 2026 implementation of the EU’s Collective System of Extended Producer Responsibility (EPR) for textiles and footwear, known as SCRAP, the Spanish Association for the Management of Textile Waste, the Spanish Federation of Municipalities and Provinces (FEMP), and several leading fashion brands have joined forces to tackle textile waste.In a recent announcement, they […]

Liberty to face lawsuit by ArcelorMittal

ArcelorMittal, Europe’s largest steelmaker, has filed a lawsuit against Liberty Steel East Europe in the English High Court, petitioning for administration due to Liberty’s non-payment of €140 million in deferred compensation related to a 2019 asset acquisition. According to reports ArcelorMittal sold several assets to Liberty in 2019 including the Ostrava plant in the Czech […]

Noel Tata to rein over charity arm of India’s Tata group

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 […]

Turkey to impose duties on steel imports

Turkey to impose duties on Japan, China, Russia and India steel imports An official gazette announcement declared that Turkey has decided to impose anti-dumping charges with countries such as Japan, China, Russia and India steel imports, with the highest tariffs on Chinese imports, boosting stocks of flat steel producers. These charges are aimed at preventing […]

German Government urges Thyssenkrupp to Manage their Steel crisis.

Germany – Thyssenkrupp is asked to fix the crisis surrounding its steel unit including providing clarity around a 3 billion euro ($3.3 billion) green steel project co-funded by the government, as per the comments of Economy Minister Robert Habeck on Wednesday. Reports say that the project of the company’s proposed Direct Reduction Plant at its steel hub in Duesburg is put under […]

Thyssenkrupp Reviews Its Strategy for Green Steel Production

Frankfurt– The German conglomerate, Thyssenkrupp has been considering to halt their 3- billion- euro ($3.3 billion) decarbonisation project. Thyssenkrupp is reviewing plans for production of green steel. The conversion to green steel is the prestige project of ThyssenKrupp and the Federal Government, but is subjected to termination due to partial sale. Ridden by crisis, the […]

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Ussuri Capital Secures €60M in Equity Investment for Romania Flat Steel Production Complex 

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 […]

Thyssenkrupp Reorganizes Steel Division Management Amid Leadership Changes

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 […]

voestalpine Issues First Green Bond in European Steel Industry, Raising EUR 500 Million for Sustainability Projects

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 […]

Photo: ArcelorMittal

ArcelorMittal Urges EU for a firm Action plan on Steel 

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 […]

Green Steel Gains Momentum as Major Companies Commit to Net- Zero Emissions

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 […]

Photo: Narvik kommune

Stegra, Port of Narvik and Kaunis Iron Explore New Pelletizing Plant

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 […]