Shares of Jindal Steel and Power, Tata Steel, and other major Indian steel producers fell [1] sharply as renewed concerns over U.S. tariffs unsettled investors. The Nifty Metal index, which includes key steelmakers, emerged as the worst-performing sectoral index, reflecting broader market unease over global trade policy shifts. The downturn follows reports that the Trump […]
U.S. President Donald Trump has publicly backed Nippon Steel’s $14.9 billion bid [1] for U.S. Steel, but key uncertainties remain regarding the scope and structure of the deal. Trump’s comments, made via Truth Social, described a “planned partnership” between the two companies, promising the creation of at least 70,000 jobs and a $14 billion boost […]
Nippon Steel has outlined plans to invest $14 billion [1] in U.S. Steel’s operations, including up to $4 billion for a new steel mill, as part of its ongoing bid to secure approval for a merger with the iconic American steelmaker. The Japanese company’s latest investment pledge comes ahead of a crucial national security review […]
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 […]
Billionaire investor Daniel Loeb’s hedge fund, Third Point [1], has disclosed significant stakes in U.S. Steel and Kenvue, as revealed in its latest 13F filing. The firm owned 12.2 million shares of U.S. Steel at the end of the first quarter, signaling confidence in the company’s pending merger with Japan’s Nippon Steel despite ongoing regulatory […]
Nippon Steel has reaffirmed its position [1] on the planned acquisition of US Steel, stating that its intention to take full ownership remains the foundation of ongoing negotiations with the U.S. government. The Japanese steel giant emphasized that it continues to present a variety of proposals in discussions with U.S. authorities, as the review process […]
United States Steel Corporation has reported its financial results [1] for the first quarter of 2025, revealing a net loss and a decline in revenue compared to the previous year. The company, a significant player in the steel industry, has encountered various operational challenges and market conditions affecting its financial performance. For the first quarter […]
Vice President JD Vance visited Nucor Steel’s South Carolina plant [1] on Thursday, highlighting what he called an “industrial renaissance” fueled by the Trump administration’s push for domestic manufacturing. Speaking before hundreds of steelworkers and industry leaders, Vance praised the resilience of the U.S. steel sector, emphasizing its vital role in infrastructure and national security. […]
Electra, a Colorado-based clean iron startup, has successfully raised [1] $186 million in its Series B funding round, marking a major step toward advancing sustainable steel production. The investment, led by Temasek Holdings and Capricorn Investment Group, will support Electra’s efforts to commercialize its innovative ironmaking process, which aims to reduce carbon emissions in the […]
In the first quarter of 2025, recycled steel observed three months of increasing prices. However, during the April purchasing period, U.S. steel mills paid $19 to $51 less per ton for benchmark grades compared to previous levels. According to transaction data compiled by MSA Inc.’s Raw Material Data Aggregation Service (RMDAS) in Pittsburgh, prices declined across […]
Colorado-based Electra has raised $129 million to fund the next round to develop the technology to produce iron for steel. The technology is set at temperatures below boiling water and without planet-warming emissions. The startup emerged from stealth mode in 2022 and has since secured $214 million in funding from prominent investors, including Breakthrough Energy […]
Hyundai Motor Group and Posco Group have strengthened their collaboration [1], signing a memorandum of understanding on Monday to deepen cooperation in steelmaking and secondary battery materials. The move comes as both South Korean conglomerates seek to navigate shifting trade dynamics in response to rising U.S. tariffs on steel and automobiles. The agreement was formalized […]
For the first time this year, U.S. steelmaker Nucor has lowered its weekly spot price [1] (CSP) for hot-rolled coil (HRC), reducing offers by $5 per short ton after holding steady for two weeks. As of the latest pricing update, HRC prices at all Nucor production facilities—except California Steel Industries (CSI)—have dropped to $930/t, while […]
The United States has temporarily suspended [1] the additional 26% tariff on Indian imports for 90 days, offering relief to Indian exporters. The suspension, effective until July 9, 2025, was formalized through a White House executive order and is seen as a strategic move to facilitate ongoing bilateral trade negotiations between India and the US. […]
Tata Steel’s share price has plummeted [1] over 30% from its 52-week high, raising concerns among investors about whether to buy, sell, or hold their positions. The decline comes amid tariff uncertainties and a 5% drop in consolidated steel production, which fell to 7.45 million tonnes in Q4 FY25, largely due to restructuring efforts in […]
U.S. President Donald Trump has directed the Committee on Foreign Investment in the United States (CFIUS) to reexamine Nippon Steel‘s [1] bid to acquire U.S. Steel. This decision comes after the deal was previously blocked by former President Joe Biden on national security grounds. The presidential memorandum calls for a detailed review to determine whether […]
Google has joined the Sustainable Steel Buyers Platform (SSBP), a partnership of various corporations organised by the US-based energy and sustainability non-profit organization RMI. SSBP includes major tech firms Meta, Microsoft, and Amazon as members. Including Google, the platform now has eight major backers. The intention of this Alliance, under SSBP, is to bring together […]
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 […]
South Korea’s Hyundai Steel has announced plans to invest $5.8 billion [1] in a new steel plant in Louisiana, United States. The facility, which will have an annual production capacity of 2.7 million tonnes, is part of Hyundai Motor Group’s broader $21 billion investment strategy in the U.S. market. The announcement, made during a high-profile […]
Reuters reported that the president of Nippon Steel said on Monday that the Japanese steelmaker and the U.S. government share a mutual understanding that its planned acquisition of U.S. Steel will strengthen the American steel industry and manufacturing sector. “In my opinion, the U.S. government and we are moving closer to a mutual understanding that […]
Nippon Steel Corp., a leading steel producer, recently expressed its agreement [1] with the United States government, supporting the notion that a proposed deal involving U.S. Steel Corp. would substantially boost the American steel industry. This alignment underscores Nippon Steel’s confidence in the potential benefits of the agreement for strengthening domestic steel production and fostering economic growth. […]
Nippon Steel has filed a motion in U.S. court to dismiss a consumer lawsuit attempting to halt its proposed $14.9 billion acquisition of U.S. Steel, a deal currently under review by the Trump administration. On Wednesday in the federal court in San Francisco said the consumers, as downstream buyers of steel products, had not shown they […]
In a recent statement, former U.S. President Donald Trump reaffirmed his commitment to maintaining tariffs stating he had he had “no intention” in easing on steel imports, signaling no plans for exemptions or reductions. This announcement comes as trade tensions between the United States and its global partners continue to escalate. Speaking aboard Air Force One, […]
U.S. stocks rose on Wednesday, supported by inflation data that was cooler than anticipated, which helped halt a steep selloff. However, the ongoing escalation of President Donald Trump’s disruptive, multi-front tariff war limited the gains. The S&P 500 and Nasdaq both ended the day higher, with the latter receiving a strong lift from tech and […]
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 […]
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 […]
The United States has urged Bangladesh to align its garment sector labour laws with international standards, stressing the need for substantial legal reforms. This call is part of the 2025 Trade Policy Agenda and the 2024 Annual Report by the Office of the United States Trade Representative (USTR). While acknowledging Bangladesh’s progress in worker safety […]
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 […]
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 […]
Technology group Wärtsilä has launched its next-generation 46TS engine[1], designed to balance renewable energy sources and enhance power plant performance. The 46TS large-bore engine evolved from the successful Wärtsilä 50 engine platform, which has delivered over 55 million running hours worldwide since 2008. The 46TS engine is built to provide highly efficient baseload power and […]
US President Donald Trump signed executive orders planning to impose tariffs on steel and aluminium imports starting from March 12, ramping up a long-promised trade war, even after the warning from Europe and china. According to reports, Trump said on Monday in the Oval Office, “Today I’m simplifying our tariffs on steel and aluminum. It’s […]
New York Governor Kathy Hochul recently announced that the New York Power Authority (NYPA) has approved economic development awards [1]to 20 firms, resulting in over $940 million in capital investments and the creation of 1,774 jobs across the state. The awards include low-cost hydropower allocations under the ReCharge NY program, which will provide nearly 7.2 […]
President Donald Trump met U.S. Steel Chief Executive David Buritt at the White House on Thursday as the struggling steelmaker continued to advocate for a decision on its long-awaited takeover by Japan’s Nippon Steel. A $14.9 billion bid for U.S. Steel by Nippon Steel was blocked last month by former President Joe Biden. Trump has […]
In a notable development for former President Donald Trump and his administration’s stance on energy policies, oil giant Shell has announced its decision to withdraw [1] from the Atlantic Shores Offshore Wind Project located off the coast of New Jersey. This decision follows an executive order issued by Trump that temporarily halts offshore wind lease […]
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 […]
U.S. companies are expected to seek alternative sources for key industrial metals in response to sweeping tariffs imposed by President Donald Trump, industry sources report. To mitigate the impact of these trade restrictions, businesses are looking to the Middle East and India for aluminium supplies, while turning to Chile and Peru for copper. Trump’s orders […]
In an effort to reduce textile waste, California approved a groundbreaking law requiring fashion businesses to arrange for the free collection and recycling of used clothing. A pioneering regulation requiring fashion firms to collect and recycle used clothing for free was passed in California with the goal of reducing textile waste. This innovative project fosters […]
President Donald Trump’s proposal to impose tariffs on U.S. copper and aluminium imports is expected to drive up costs for local consumers due to insufficient domestic production, analysts and industry experts warned on Tuesday. In a speech on Monday, Trump announced plans to levy tariffs on aluminium and copper—both critical for U.S. military hardware—along with […]
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 […]
During the 2025 World Economic Forum [1] in Davos, Egyptian Minister of Planning and Economic Development, Rania Al-Mashat, and Samaila Zubairu, CEO of the Africa Finance Corporation (AFC), held a significant meeting to discuss renewable energy investments. As co-chairs of the Mobilising Investment for Clean Energy in Emerging Economies (MICEE) network, they focused on mobilizing […]
Hours into his second presidency, USA’s 47th President Donald Trump has signed a series of executive orders that significantly impact the renewable energy sector [1] in the United States. These orders mark a shift in energy policy, focusing on expanding fossil fuel production and rolling back previous climate initiatives. Renewable energy companies have reacted with […]
President Donald Trump announced an ambitious plan on Monday aimed at bolstering oil and gas production in the United States. The proposal included declaring a national ‘energy emergency‘ to accelerate permitting processes, rolling back environmental regulations, and withdrawing the U.S. from an international climate agreement. The strategy represents a stark departure from the energy policies […]
In a landmark step towards advancing sustainability, Coca-Cola Al Ahlia Beverages Company, in collaboration with Emerge – a joint venture between UAE’s Masdar and France’s EDF Group, inaugurated a 1.8-megawatt solar power plant at its production facility in Al Ain. The project marks a significant milestone [2] in Coca-Cola Al Ahlia Beverages Company’s commitment to […]
Nucor Corporation announced today that its Science-Based Emissions Targets (SBET) have been officially certified by the Global Steel Climate Council (GSCC). As a Founding Member of the GSCC, Nucor has outlined ambitious goals to significantly reduce greenhouse gas emissions from its hot-rolled steel production by 2030. The targets encompass Scopes 1, 2, and 3 emissions, […]
Arizona Public Service Company (APS), the largest electric utility in the state, has secured a conditional commitment [1] for a loan guarantee of up to $1.81 billion from the U.S. Department of Energy’s Loan Programs Office (LPO). This loan will fund investments in new or upgraded transmission projects, renewable power generation, and grid-integrated energy storage […]
Silfab Solar Inc., a leading manufacturer of high-performance PV modules, has announced a multi-year partnership with Pivot Energy [1], a national renewable energy provider. The agreement entails Silfab supplying 350 megawatts (MW) of commercial PV modules over a two-year period, starting in the second quarter of this year. The partnership is part of Silfab’s strategy […]
SPR (Solar Panel Recycling.com) has unveiled the first automated recycling line [1] designed specifically for bifacial solar panels in the United States. This innovative technology promises unprecedented efficiency, achieving clean glass separation at 99% or higher recovery rates. Bifacial modules, expected to dominate over 70% of the global market by 2033, are favored for their […]
President-elect Donald Trump has made his intention clear [1], to halt the construction of wind turbines during his upcoming term. This policy, if implemented, could jeopardize billions of dollars in planned wind projects. Trump made this declaration during a press conference at his Mar-a-Lago resort in Florida, where he criticized wind power as being expensive […]
Enlight Renewable Energy announced the successful completion [1] of its flagship Atrisco Solar & Energy Storage project located outside Albuquerque, New Mexico. The project, which includes a 364 MW solar generation unit and 1.2 GWh of energy storage capacity, reached full commercial operation in November 2024. The Atrisco project is now the largest battery storage […]
Starting January 1, 2025, Chicago has successfully transitioned [1] its city buildings to 100% renewable energy. This includes over 400 municipal buildings, such as O’Hare International Airport, Midway International Airport, City Hall, 98 fire stations, 81 library locations, and 25 police stations. The city’s real estate portfolio also includes two of the largest water treatment […]
The North American Electric Reliability Corporation (NERC) has warned about the urgent need for new energy resources over the next decade. According to NERC’s 2024 Long-Term Reliability Assessment [1] (LTRA), more than half of North America is at elevated or high risk of energy shortfalls in the next five to ten years. The report highlights […]
U.S. Steel and Nippon Steel on Monday filed a lawsuit against U.S. President Joe Biden’s order as he blocked the $14.9 billion purchase deal of the American steelmaker by the Japanese company. In response to this, Cleveland-Cliffs Inc. made statements related to the United States Government’s decision to prohibit the unlawful acquisition of the United States Steel Corporation by Nippon […]
U.S. President Joe Biden said on Friday he would block Japanese company Nippon Steel’s buyout of U.S. Steel on national security concerns, delivering a potentially fatal blow to the $14.9 billion merger. President Joe Biden has blocked the proposed $15 billion deal for Japan’s Nippon Steel to acquire Pittsburgh-based U.S. Steel, fulfilling his campaign pledge to block […]
The New Jersey offshore wind project, Leading Light Wind, is seeking a second delay due to ongoing supply chain challenges [1]. The project, a collaboration between Chicago-based Invenergy and New York-based energyRE, aims to build up to 100 turbines 40 miles off Long Beach Island, enough to power 1 million homes. The developers have struggled […]
Japan’s Nippon Steel has proposed to the `U.S. government a Veto Power over any potential cuts to U.S. Steel’s production capacity to secure President Joe Biden’s approval for acquiring the American steelmaker, a Source reported on Tuesday. After the Committee on Foreign Investment in the United States (CFIUS) referred Biden the decision to approve or […]
The U.S. Department of Energy has initiated an environmental impact assessment [1] for the proposed Northwest Hydrogen Hub, which was selected as one of seven regional hydrogen hubs in a nationwide competition last year. The assessment aims to evaluate potential environmental risks associated with developing hydrogen projects in the region, which includes Washington, Oregon, and […]
A newly formed American-owned and operated solar cell and module manufacturer, NuVision Solar, has announced its entry into the US market [1]. The company plans to establish a manufacturing facility in West Palm Beach, Florida, with an annual production capacity of 2.5 gigawatts (GW) of heterojunction technology (HJT) solar cells and modules. NuVision Solar aims […]
President-elect Donald Trump has expressed strong opposition to offshore wind [1], promising to halt these projects “on Day 1” of his term. This stance threatens the timelines set by eight states—Connecticut, Maine, Maryland, Massachusetts, New York, North Carolina, Rhode Island, and Virginia—that have passed mandates to achieve specific offshore wind power targets. Massachusetts state Sen. […]
Nexamp, a leading developer of community solar projects, has partnered once again with Walmart to develop 31 new community solar projects [1] across five states in the United States: Maine, Massachusetts, New York, Illinois, and Minnesota. This partnership aims to generate over 120 megawatts (MW) of renewable energy, providing substantial benefits to local communities. The […]
Biden’s Final Month in Office Focuses on Key Policy Goals including Gaza ceasefire, Ukraine aid With one month remaining in his term, U.S. President Joe Biden is prioritizing several foreign and domestic policy initiatives before President-elect Donald Trump takes office. According to White House aides and an internal memo obtained by Reuters, Biden’s agenda is […]
Despite numerous meetings and calls with U.S. officials and three revised proposals aimed at addressing national security concerns, Nippon Steel has been unable to secure approval from a key panel overseeing its $14.9 billion bid for U.S. Steel, according to an exclusive letter reviewed by Reuters. The letter, sent on Saturday, sets the stage for […]
Stand.earth’s latest report “Fracked Fashion” [1], highlights how the fashion industry contributes to the fracking-derived petrochemical sector through its use of virgin polyester. The report reveals that over 100 fashion brands, including major names like H&M, Puma, and Adidas, have supply chains linked to oil and gas fracking in the Permian Basin in Texas. The […]
The U.S. Government Accountability Office (GAO) has released its first-ever report addressing the environmental and systemic challenges [1] posed by the growing surplus of discarded textiles. This landmark report marks the first federal acknowledgment of textile waste as a significant concern in the United States. According to the report, textile waste has surged by 50% […]
Cascale, formerly the Sustainable Apparel Coalition, launched the U.S. Policy Member Expert Team (MET) [1]. MET is an advisory group that defines policy priorities and guides regional advocacy strategies for the textiles, apparel, and consumer goods sectors. The expert team comprises of representatives from leading brands, manufacturers, and affiliates, bringing together industry expertise to provide […]
Public Eye has unveiled a comprehensive report, One-Earth Fashion [1], outlining 33 measurable targets aimed at reforming the global fashion system by 2030. The report identifies 12 key areas for transformation, including overproduction, greenhouse gas emissions, waste, and workers’ rights. The report sets ambitious goals, such as reducing the use of virgin materials by 40%, […]
The U.S. Environmental Protection Agency (EPA) has published final updates to its Recommendations of Specifications[1], Standards, and Ecolabels for Federal Purchasing. These updates aim to assist federal government purchasers and other buyers in selecting more sustainable products, climate-friendly, and contain safer chemical ingredients. This marks the recommendations’ first comprehensive evaluation and expansion in nearly a […]
The CEO of energy equipment manufacturing and services company GE Vernova has announced that data centers are progressively targeting natural gas over renewable alternatives such as onshore wind. Scott Strazik stated that this is illustrated in the turbine manufacturer’s “humble” wind order sheet, and does not expect significant interest in onshore wind from the data […]
Recent reports shows that the head of a labor union opposing the sale of U.S. Steel to Japan’s Nippon Steel commented that he has not received assurances that the to-be owners are committed to ensuring the lasting success of the strategic U.S. firm. Nippon Steel’s $15 billion takeover bid, criticized by President Joe Biden and President-elect […]
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 […]
Researchers at Cornell University have unveiled a groundbreaking technique to create waterproof coatings from discarded textiles. Led by Juan Hinestroza, the Rebecca Q Morgan ’60 Professor of Fiber Science and Apparel Design in the College of Human Ecology, the team developed a low-temperature method for synthesizing superhydrophobic (waterproof) coatings using environmentally friendly solvents like water […]
President-elect Donald Trump has announced plans to establish a National Energy Council aimed at advancing American “energy dominance” on the global stage as he seeks to boost U.S. oil and gas drilling and move away from President Joe Biden’s focus on climate change. The energy council, which will be led by North Dakota Governor Doug […]
It is estimated that more than 34 GW of new solar capacity to be installed nationwide setting a record high for US utility solar installation. As per the American Clean Power’s biannual Solar Market Report, the US solar market is anticipated to annually stretch out 37GW of new installations by 2029, thriving at a compound […]
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 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 […]
Levi Strauss & Co., the US-based denim manufacturer, unveiled its first climate transition plan in October to address its environmental impact. This ambitious plan aims to support limiting global warming to 1.5 degrees Celsius, in line with the Paris Agreement and with climate science. Joining other major denim manufacturers like Diesel and Gap, Levi aims to achieve […]
Zara, the fashion retail subsidiary of the Spanish multinational fashion giant Inditex, marked its first expansion outside Europe through an initiative focused on furthering its circularity in the US. Initially launched across 16 countries, including Italy, the U.K., and France, the platform will now be accessible throughout the US using Zara’s website, app and physical […]
Washington– The Climate Investment Funds (CIF) have declared today that they are willing to invest up to $1 billion in order to accelerate the development of technologies that are to be utilized for emission reduction in industrial sector of developing countries. This initiative comes as global leaders prepare for the 15th Clean Energy Ministerial (CEM15) […]
