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, […]
India’s Ministry of Steel has requested a budget allocation of 150 billion rupees ($1.74 billion) to provide incentives for steel producers to manufacture low-carbon steel, according to two government officials familiar with the matter. Finance Minister Nirmala Sitharaman is set to unveil the federal budget for the 2025-26 fiscal year on February 1. India has […]
Ezz Steel sets share buyback price at $2.7mln after voluntary delisting Ezz Steel, the largest steel company in Egypt, has announced its decision to buy back shares from shareholders who object to or are unwilling to retain their ownership following the company’s voluntary delisting from the stock exchange for EGP 138.15 per share, as per […]
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 […]
With the latest developments in the industry, British Steel has been facing challenges due to the forced shutdown of one of its two blast furnaces at the Scunthorpe plant. The shutdown occurred at British Steel after the company mistakenly imported low-quality coke, following the closure of its coke ovens in 2023, an error leading to […]
According to a statement by the Ministry of International Trade and Industry, Malaysia has implemented provisional anti-dumping duties on flat-rolled iron products and non-alloy steel imports from China, India, Japan, and South Korea. Effective January 11, the duties will apply for up to 120 days on products with a width exceeding 600 mm (24 inches). […]
Cleveland-Cliffs and Nucor are preparing to submit a joint bid to acquire US Steel, following US President Joe Biden’s recent decision to block Nippon Steel’s $15 billion takeover of the Pennsylvania-based company. “As part of the planned offer, Cleveland-Cliffs will buy all of US Steel in cash and then sell the target’s Big River Steel […]
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 […]
China emitted 13 billion metric tons of greenhouse gases in 2021, marking a 4.3% increase compared to the previous year, according to its latest official submission to the United Nations, as reported by state media on Friday. This figure represents the most recent official estimate of China’s annual emissions, proving its position as the world’s […]
Two workers were injured and 4 others were trapped after a chimney collapsed at a steel plant in Chhatisgarh, report says. The incident occured during the afternoon hours in the plant situated in saragaon area, said the superintendent of police Bhojram patel. “We received information that part of the chimney, and silo collapsed at the […]
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 […]
Fortescue, the world’s fourth-largest supplier of iron ore, has announced a partnership with a subsidiary of China Baowu Steel Group, the world’s largest steel producer, to address the challenges of decarbonizing the global steel industry. The collaboration was formalized earlier this week through a memorandum of understanding, as confirmed by Fortescue on its official WeChat […]
UK Steel has announced that the government will hold the first meeting of the newly formed Steel Council later this afternoon, according to their official Press Release. The UK steel industry is currently operating in a challenging and uncompetitive environment with echoes of the 2015-16 steel crisis, including rising imports, loss of market share, and […]
The survival of Britain’s steel industry hinges on embracing new technologies and shifting to greener production methods, a British MP told The National. Nic Dakin, the MP for Scunthorpe, where British Steel has a large steelmaking plant, said that the industry is undergoing significant restructuring that could provide this industry a positive future for the […]
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 […]
The Whyalla Steelworks has cast its first steel following a four-month shutdown caused by operational challenges and extensive repairs. This marks a significant step forward in efforts by the management team and workforce to revive the plant. Theuns Victor, GFG Alliance’s Global Chief Manufacturing Officer and head of the Whyalla ‘Back to Black’ taskforce, described […]
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 […]
China’s iron ore imports are projected to reach an all-time high in 2025, as traders capitalize on low-cost supplies to stockpile resources for the world’s largest consumer of the commodity. This surge comes despite ongoing challenges in the property sector, weighing on domestic steel demand, according to industry analysts and market insiders. The imports reflect […]
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 […]
In a move to combat climate change, the Indian government is set to launch a Rs 15,000 crore “Green Steel Mission” aimed at reducing carbon emissions from the steel Industry, currently accounting for 10-12% of India’s total emissions, says reports. The initiative is inclusive of a Production Linked Incentive (PLI) for Green Steel, renewable energy […]
Hazira, Surat in India witnessed a tragic accident on Tuesday, with a fire taking place at the steel plant, leading to the tragic death of four workers and one injured. The incident occurred on Tuesday evening at ArcelorMittal Nippon Steel India’s facility, as per reports. Anupam Singh Gehlot, the Surat Commissioner of police, reported that […]
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 […]
POSCO has been recognized as the “World’s Most Competitive Steelmaker” for the 15th consecutive year. The announcement came from World Steel Dynamics (WSD), a global steel analysis institution, which revealed the results of its 2024 World-Class Steelmaker Rankings on December 22 in New York. Established in 1999, WSD has evaluated steel companies worldwide since 2002 […]
In a groundbreaking collaboration, reports say GE Vernova’s Advanced Research Center (ARC) has provided a 3.4 MW-140m wind turbine to the National Renewable Energy Laboratory (NREL), the United States’ leading wind research facility. Funded by the Department of Energy (DOE), this initiative underscores the growing partnership between the private sector and government to drive innovation […]
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 […]
The Suez Canal Economic Zone (SCZONE) and Suez Steel Company have entered into a preliminary agreement to develop and operate dry bulk handling facilities at Adabiya Port as per Reports. The announcement highlights the port’s strategic importance as a critical hub for international trade. Walid Gamal El-Din has signed an initial contract with Rafic Daou, […]
HBIS Group, steel manufacturer based in Hebei province, is advancing its green transformation by harnessing hydrogen energy, a move its chairman, Yu Yong, described as groundbreaking for the steel industry as per reports by China Daily. “Hydrogen energy is hailed as the ultimate energy source in the 21st century, and replacing carbon with hydrogen can […]
Tata Steel and JSW Steel saw significant gains as the Directorate General of Trade Remedies (DGTR) launched an investigation into rising steel imports. Analysts anticipate structural relief measures, with price targets set at ₹190 for Tata Steel and ₹1,085 for JSW Steel. Shares of Tata Steel and JSW Steel surged on December 23 after the […]
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 […]
For the first eight months of the fiscal year ending in March 2025 showed that India’s finished steel imports from China, according to provisional government data, say reports. The surge has raised concerns among domestic steel producers about the impact of low-cost imports from China. In response, the government has launched an investigation to determine […]
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 […]
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 […]
Sojitz, Nippon Steel to Invest in Champion Iron’s Canada Mining Project Japanese steelmaker Nippon Steel and trading house Sojitz will buy a 49% stake in the company’s Kami project in Canada for C$245 million ($170.41 million), as per reports. Sojitz Corporation has reached an agreement with Champion Iron Limited and Nippon Steel Corporation to participate in the […]
The Union Steel Minister H.D. Kumaraswamy has reportedly assured the Visakhapatnam Ukku Parirakshana Porata Committee (VUPPC) that the Centre will provide financial assistance of ₹10,000 crore by January 15, 2025, to support the revival of Visakhapatnam Steel Plant (RINL-VSP). VUPPC representatives J. Ayodhya Ram, V. Srinivasa Rao, D. Adinarayana and Mantri Rajasekhar met Mr. Kumaraswamy […]
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 […]
China’s crude steel production dropped by 4.3% in November compared to October, driven by lower profit margins and seasonal weakening in demand, according to official data released on Monday. The National Bureau of Statistics (NBS) reported that the world’s largest steel producer manufactured 78.4 million metric tons of crude steel last month, down from 81.88 […]
Australian green hydrogen producer Hysata announced on Friday that it has entered into agreements with South Korean steelmaker POSCO and its POSCO Eco & Challenge unit. The partnerships aim to advance electrolyser technology for green hydrogen production, says Reuters. These collaborations highlight the growing synergy between the global steel industry and the green hydrogen sector, […]
Modon, a master developer, and EMSTEEL Group, the UAE’s largest steel and building materials manufacturer, have signed an MoU reflecting a strategic alliance to confirm Modon as the first real estate developer to use low-carbon steel in the UAE. This partnership is vital in driving the construction industry’s transition toward sustainability and decarbonization. Aligned with […]
Vale Ventures, the corporate venture capital arm of Brazilian mining company Vale, announced on Thursday its investment in a Boston-based startup dedicated to creating solutions for decarbonizing heat generation, reported Reuters. The firm, Electrified Thermal Solutions, owns technology for heating industrial furnaces through electricity, without the use of fossil fuels, the mining giant said. According […]
India’s Steel Ministry has unveiled a new framework for defining “green steel,” introducing three categories based on carbon emissions during production. According to the guidelines, steel with carbon dioxide emissions below 2.2 tonnes per tonne of the finished product will be classified as “green steel”, reported Reuters based on a ministry presentation released in News […]
Hydrom, the Sultanate of Oman’s green hydrogen orchestrator, has revealed plans for its third round of green hydrogen auction , set to launch in early 2025. The announcement was made during the inaugural Green Hydrogen (gH2) Investor Day, an event that brought together over 400 global stakeholders, investors, and industry leaders to highlight Oman’s progress […]
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 […]
India’s steel production is surging, but its heavy reliance on coal-fired plants raises significant environmental concerns. As the country targets net-zero emissions by 2070, the growth of its steel sector presents a conflict with national decarbonization goals, says Economic times. The government’s National Steel Policy focuses on building emissions-intensive coal-fired blast furnaces with plans to […]
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 […]
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 […]
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 […]
China is seeking public feedback on new guidelines aimed at standardizing greenhouse gas emissions from the steel industry, the Ministry of Ecology and Environment said on Friday, reported Reuters. The move is part of efforts to prepare steel mills for their entry into the nation’s carbon market. The draft plan, released in September, drafted an […]
India’s finished steel imports from China soared to an all-time high in the first seven months of the current financial year (April-October 2024), according to the data reviewed by Reuters, leaving hundreds of small Indian steel producers struggling with heightened competition from the world’s largest steel producer. China shipped 1.7 million tons of finished steel […]
India’s construction boom, with gleaming highrises and expanding multilane highways, was expected to boost domestic steel sales. However, Jogindra Group’s mills in northern Punjab are currently facing a surplus of unsold inventory. The inexpensive Chinese steel has put significant pressure on India’s smaller steel mills, forcing many to scale back operations and contemplate job cuts. […]
On Monday, U.S. President-elect Donald Trump said that a set of tax incentives and tariffs would bring back the iconic American firm U.S. Steel. He also reiterated his opposition to Nippon Steel’s proposed $15 billion purchase of the company. “I am totally against the once great and powerful U.S. Steel being bought by a foreign […]
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 […]
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 […]
South Korea’s steel-to-battery materials conglomerate POSCO Group plans to invest in Neuromeka Co., the country’s leading collaborative robotics manufacturer, to boost its struggling steel business through factory automation and seek new growth opportunities, as reported by The Korean Economy Daily. On Friday, Neuromeka announced it would issue 10 billion won ($7.2 million) in convertible bonds […]
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 […]
Shares of state-owned Steel Authority of India Ltd (SAIL) are expected to attract attention on Friday following the company’s announcement of a partnership with the Indian subsidiary of John Cockerill Group to implement green technologies in iron and steel production. The collaboration marks a key step in SAIL’s commitment to modernizing traditional steelmaking practices with […]
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 […]
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 […]
India’s JSW Steel and state-run Steel Authority of India (SAIL) are in talks with Mongolian authorities to import two shipments of coking coal, Reuters reported. JSW Steel, plans to buy 2,500 metric tons, while SAIL aims to import 75,000 metric tons of the steelmaking raw material from Mongolia. Mongolia is offering higher-grade coking coal at prices about […]
ArcelorMittal won a bid on Tuesday to put a subsidiary of Liberty Steel, owned by commodities tycoon Sanjeev Gupta, into administration. The decision came after the court declared that Liberty Steel owed ArcelorMittal a debt of €140 million (approximately $147.4 million) which a London court found was unlikely to be paid. ArcelorMittal sued Liberty Steel […]
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 […]
In a major setback to foreign investment in Pakistan, Century Steel Group, a leading Chinese conglomerate, has issued a warning about shutting down its operations and withdrawing its investment. Century Steel Group CEO Li Chunjian has announced plans to cease operations and withdraw investment from Pakistan, showing unresolved challenges with government entities overseeing foreign direct […]
Nippon Steel, who has been working on acquiring the U.S. steel, has been on halt due to the opposition faced. However the Nippon steel executive remains confident that the deal will officially be closed by the end of the year, despite President Joe Biden’s opposition. MSN news reported that if Biden stops the takeover even […]
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 […]
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 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, 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 […]
GreenIron announced the signing of a Memorandum of Understanding (MOU) with Tellus, an Australian company specializing in advanced end-to-end solutions for managing hazardous materials. The partnership marks GreenIron’s first formal recycling agreement and represents a significant step forward in the company’s journey towards a sustainable and circular economy. Through this collaboration, GreenIron will employ its […]
Saeed Khalfan Al Ghafri, CEO of Emirates Steel, a subsidiary of the Emsteel Group, has announced plans for a groundbreaking project to produce low-carbon iron in Abu Dhabi in partnership with Japanese collaborators. The initiative aims to address the growing global demand for sustainable and eco-friendly products, reported Zawya. In statements to the Emirates News […]
India will announce a formula for defining green steel by mid-December and is working on government procurement for decarbonized steel, Sources told Reuters on Monday. Amidst the various steps toward increasing India’s production capacity for steel by 2030 to meet the growing demands of the Infrastructure industry, as per Experts on the report. India’s steel […]
The Dubai Exhibition Centre (DEC) at Expo City is set to undergo an expansion, utilizing 14,000 tonnes of steel, equivalent to constructing two Eiffel Towers, according to a report by Khaleej Times. The project is also said to feature 78,000 square meters of roof sheeting, covering an area comparable to 62 Olympic-size swimming pools, the […]
Khalifa Economic Zones Abu Dhabi (KEZAD) Group and UAE-based Pipetec Solutions Manufacturing have signed a landmark 50-year land lease agreement to establish a cutting-edge steel pipe bending facility in KEZAD Al Ma’mourah (KEZAD A). With an investment of AED 100 million, the 18,000-square-metre plant will feature advanced induction-bending technology, enabling the production of high-quality, precision-engineered […]
A think tank reported on Friday that top global iron ore exporter Australia could lose as much as half its revenue from the sector if it fails to start producing green iron fast enough, as other countries start making steel using renewable energy. Iron ore is Australia’s biggest export earner, but so far, progress has […]
The National Union of Metalworkers of South Africa (NUMSA) has given notice that, with effect from 14 November, is going on a strike as ArcelorMittal South Africa (AMSA) announced that it will be affecting 107 workers. “NUMSA has issued a strike notice to the company and it begins on Thursday the 14th of November,” NUMSA […]
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’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 […]
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 […]
The Industrial Transition Accelerator (ITA) has announced new partnerships with the governments of the UAE and Bahrain to expand its industrial decarbonization initiatives throughout the Middle East and North Africa (MENA) region, Zawya Reported. According to the report, This marks the ITA’s second focus region after the success of its Brazil program, launched in collaboration […]
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, 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, 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 […]
In a recent report on Reuters, they stated that Nippon Steel, Japan hopes to close a deal of $15 billion deal to buy US Steel before the Republican Leader Donald Trump Takes over the White House again in January. A senior executive explains that the acquisition is a core for future growth. However, as per […]
There are 7 major factories producing iron ore in Oman now, contributing to the Sultanate’s GDP increased to more than 2% according to the statement by the Directorate General of Industry at the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) The 2022 industrial survey data showed that the exports of these factories amounted to […]
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 […]
The two companies, India’s JSW steels and South Korea’s POSCO- are to invest 650 billion rupees ($7.73 billion) in a plant in India in the coming years, partially to capitalize on rising steel demand in the world’s fastest-growing major economy. JSW Steel and POSCO have signed an agreement to set up an integrated steel plant […]
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 […]
The Ministry of Steel said in an official statement that the Government has invested Rs 1,650 crore in state-owned Rashtriya Ispat Nigam Limited (RINL) to tackle its financial issues. RINL is a public sector undertaking (PSU) under the Ministry of Steel, Government of India. It is also known as Vizag Steel and is the corporate entity of […]
Cleveland-cliffs Inc. (cliffs) has successfully acquired Stelco Holdings Inc., steelmaker in North America, providing technologically advanced and integrated products. This Acquisition provided Cliffs a new position in the global steel industry as the largest falt-rolled steel producer in North America. The acquisition is aimed at diversifying Cliffs’ end markets and expanding its geographical presence in […]
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 […]
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. […]
Tokyo, Japan – Nippon Steel Corporation (NSC) today announced an international release of its ProStruct™ brand, a further extension of its advanced construction solutions to meet rising demand for high-performance building materials and infrastructure worldwide. First unveiled in Japan in 2022, the ProStruct™ brand represents the union of expertise possessed by Nippon Steel in the area of high-strength steel materials and structural technology, offering a comprehensive package of materials, engineering support, and construction technology meeting diverse market needs. […]
Australia to risk its position in the global market for iron ore, if they do not shift to producing green iron said Fortescue CEO Dino Otranto on Tuesday as per reports on Reuters. Australia, the largest supplier of seaborne iron ore and responsible for about half of the global supply, produces Pilbara grades from the […]
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 […]
With Qais bin Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion, Vale, a global leader in iron ore production, and China’s Jinnan Iron & Steel Group, known for its expertise in advanced separation technologies, have announced a partnership to establish Oman’s first iron ore concentration plant in SOHAR Port and Freezone. They are […]
UAE-based clean energy leader Masdar (Abu Dhabi Future Energy Company) and ADX-listed steel and building materials firm EMSTEEL announced on Monday that they have completed a pilot project showcasing the production of green steel using green hydrogen. The firm is using green hydrogen to extract iron from iron ore as per the official statement. The […]
Beijing– Recent reports show that the industry could expect a dip in the demand for steel in China. As one of the largest producers and consumers of steel, officials warn China of mounting risks facing steel exports due to growing trade frictions. Demand dropping faster than supply led to oversupplying, which has weighed down the […]
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 […]
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 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 […]
