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 […]
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 […]
Danieli, a global steelmaking technology leader, has partnered with Greensteel Australia to launch the world’s first 100% hydrogen-powered rolling mill. Australia– The green steel facility to be built in New South Wales, Australia, will establish a global standard for zero-emissions steel production. This decision is considered to be a major player in sustainable steel production. […]
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 […]
Gensol Engineering Ltd and Matrix Gas & Renewables have been selected for another pioneering project to develop India’s first Green Hydrogen steel production facility. This initiative using 100 percent Green Hydrogen will signify a transformational step towards sustainable steelmaking and it will be the largest facility in the country. It is one of the three […]
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’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 […]
JFE Steel Corporation and JSW Steel Limited have announced an agreement to acquire thyssenkrupp Electrical Steel India Private Limited, a leading manufacturer and supplier of electrical steel sheets based in Nashik, Maharashtra, India. In February 2024, JFE Steel and JSW established a joint venture for the production of GOES. The acquisition through their joint venture named JSW JFE Electrical Steel […]
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 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 […]
Saudi Arabia– Neom is a mega flagship economic zone located in the far Northwest of Saudi Arabia. According to the official statements by the London headquartered news agency Arabian Gulf Business Insight on Monday, Neom is to consume one-fifth of the world’s steel production. Manar Al Moneef, Neom’s Chief Investment Officer, shared insights at the […]
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 […]
Oman– Vitkovice Steel has agreed to purchase about 1 million tonnes per annum of low-carbon steel from Vulcan Green Steel, now under construction at Duqm SEZ. The Indian industrial powerhouse Jindal Steel Group is currently negotiating a purchase of the significant Czech mill Vitkovice Steel. This acquisition is expected to benefit Jindal’s Vulcan Green Steel project, which […]
Odisha – An explosion at the Jindal Steel and Power plant in Angul on Monday evening rocked the site, sending shivers down the spine of its workers. The incident occurred around 7:30 PM when a blast from the blast furnace of the steel plant shivered the air. In a press release, plant officials confirmed that […]
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 […]
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 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 […]
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 […]
Mumbai: The passing of Ratan Tata at the age of 86 was reported on Wednesday October 9, 2024. He had been undergoing intensive care in a Mumbai hospital, reported Reuters earlier on Wednesday. Among his many awards, he received the Padma Vibhushan, India’s second highest civilian honour, in 2008 for his exceptional and distinguished service […]
About the Event This conference will explore the evolving role of green steel in achieving global sustainability goals, highlighting the latest innovations in production, supply chain optimization, and decarbonization strategies. It will provide critical insights into what these developments mean for key stakeholders, including steel traders, policymakers, logistics providers, and companies operating within renewable energy […]
India– Steel authority of India, Limited (SAIL) has signed a deal with the global miner and an Australia-based resources company- BHP, working towards the reduction of carbon emissions in the Indian steel production plants that operate blast furnaces as per the reports by SAIL. The companies are exploring the use of hydrogen and biochar at […]
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 […]
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) […]
South Australia– Lincoln Minerals is making a bold move in South Australia’s push for a green steel industry, unveiling plans to develop its vast Green Iron magnetite project on the Eyre Peninsula. The project, boasting an impressive 1.1 billion tonnes of magnetite, positions the company as a key player in the state’s ambition to produce low-carbon steel […]
South Wales – Tata Steel’s Port Talbot plant, the largest steelworks in the UK, has, for almost a century, stopped production officially, leading to a very critical day in the country’s economic and industrial sector. The shuttering is anticipated to cause nearly 3,000 job cuts and affect thousands more in the region of South Wales through the […]
Australia and China have agreed to collaborate in areas like investment, trade, and decarbonisation as per the reports by Australian Treasurer Jim Chalmers during his visit to Beijing. Beijing, China — The Australian Treasurer, Jim Chalmers’ trip to China, the first of its kind in the last seven years, signifies improvements in the relations between China and […]
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 […]
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 […]
Nippon Steel, Japan’s largest steelmaker, said on Tuesday it would sell its stake in South Korea’s POSCO Holdings as part of an effort to improve ‘Asset efficiency’. The value of the divestiture is around $800 million and includes 2.9 million shares, representing approximately 3.4 percent of POSCO’s outstanding shares at current market prices. The sale […]
United States Steel Corporation (U.S. Steel) is the first company to be awarded the ResponsibleSteel™ – status in the world, a significant milestone in the sustainability aspirations of the industry. Big River Steel facility, situated in Osceola, Arkansas, located in the U.S. Steel Indiana Harbor Complex received such accreditation after complying with various Responsible Steel […]
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 […]
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 […]
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 […]
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 […]
Shanghai – Shanghai is on its journey towards a greener development with high- quality growth. However, further efforts are required in energy supply, institutional arrangements along with technological innovations as per officials and experts. Under the plan, Shanghai is looking to reach a target of installing solar photovoltaic of 4.5 million kilowatts by the […]
Beijing – China’s steel industry is on the edge of a wave of bankruptcies as a prolonged crisis reshapes the sector, according to Bloomberg Intelligence . In a recent report, senior analyst Michelle Leung revealed that nearly three- quarters of the steel producers in the country reported losses in the first half of the year. […]
With the increasing demand for sustainable industrial solutions and a minimal environmental impact, Hydnum Steel, the inaugural green steel plant on the Iberian Peninsula, has signed a Memorandum of Understanding (MoU) with Knauf Interfer, a leading European steel processing and distribution firm. This collaboration aims to enhance the availability of emission-free green steel throughout Europe […]
