Turkey has significantly reduced its recycled steel imports from the United States in early 2025 while increasing its reliance on Russian shipments, signaling a shift in trade dynamics. SteelData reports that Turkish imports of U.S. ferrous scrap dropped by 23% in the first quarter compared to the same period in 2024. This decline coincides with […]
Kingspan Group has partnered with Hydnum Steel to launch a new green steel initiative, focused on reducing carbon emissions in the construction industry and advancing sustainable building materials. Under the collaboration, Hydnum Steel will supply Kingspan with green steel, fortifying their commitment to encourage the use of green steel in construction, supporting the steel industry’s […]
Clara Gröning, a student at the London College of Fashion (LCF), has been announced as the winner of the Burberry x LCF Student Competition. The competition, a collaborative initiative between the British luxury fashion house Burberry and the renowned fashion college, aimed to foster creativity and innovation among emerging design talents. Gröning’s winning submission stood […]
Danieli patented the Twin Drum as the 120th technology solution for the long product rolling. This system integrates Twin Channel technology with a roller table featuring aprons, enabling the transfer of bars ranging from 8 to 40 mm in diameter into the cooling bed at speeds of up to 60 m/sec. Danieli will modernize the […]
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 […]
The government is currently evaluating the Supreme Court’s [1] recent decision that nullified JSW Steel’s ₹19,700 crore resolution plan for Bhushan Power and Steel Ltd (BPSL), according to the Department of Financial Services (DFS). Officials are expected to finalize their approach to the verdict soon. “We have already reviewed the ruling alongside all involved lenders. […]
LKAB’s green transition initiatives have received approval from the Swedish National Audit Office, but it is still uncertain whether the efforts will be financially viable. For a year, the Swedish National Audit Office has investigated the state-owned company Luossavaara-Kiirunavaara Aktiebolag (LKAB)’s green transition of its business. The mining giant LKAB has extracted iron ore in […]
Burberry has partnered with the Centre for Sustainable Fashion (CSF) at London College of Fashion (LCF), University of the Arts London (UAL), to launch Reimagining Materials — a student competition championing circular design. Rooted in Burberry’s heritage of craftsmanship, the initiative brought together emerging fashion talent and the brand’s creative and commercial teams to explore […]
In a fashion moment that turned heads and sparked conversations across the industry, Hailey Bieber stepped out in May 1, 2025 wearing a mini dress made entirely from recycled stainless steel watch straps. The avant-garde piece, created by French designer Marine Serre, was not only a stunning blend of industrial chic and high fashion but […]
A delegation headed by His Excellency Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, along with CEO Mohamed Jameel Al Ramahi, visited TERNA ENERGY’s headquarters in Athens and engaged with employees from various departments, holding strategic discussions with the company’s Executive Chairman Georgios Peristeris, marking their first since […]
India’s Supreme Court on Friday rejected JSW Steel’s [1] resolution plan to acquire Bhushan Power and Steel, ordering the liquidation of the debt-ridden firm four years after the takeover was completed, according to lawyers involved in the case. The court’s decision marks a significant setback for JSW Steel, India’s largest steelmaker by capacity, which had […]
Steel pipe prices in Russia have fallen to their lowest levels [1] in two years, driven by weak domestic demand and excess production capacity. By mid-April, water and gas pipes were priced at RUB 64,600 per ton, the lowest since July 2023, while electric-welded pipes dropped to RUB 63,300 per ton, their lowest since March […]
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. […]
The fashion industry’s long-standing dependence on water-intensive practices—ranging from cotton cultivation to denim finishing and leather tanning—has exacted a heavy environmental toll. Freshwater systems have suffered widespread contamination from chemical dyes and industrial runoff. In response, Kering—the luxury group behind Gucci, Saint Laurent, and Bottega Veneta—has launched a pioneering Water-Positive Strategy. This bold initiative commits […]
SSAB, a Nordic and U.S.-based steel manufacturer, aims to create a stronger, lighter, and more sustainable world with its value-added steel products and services. The company has secured €2.3 billion in green financing to support its transformation project, which includes constructing a cutting-edge, fossil-free mini-mill in Luleå, Sweden. SSAB states that this transformation project is […]
Cotton Council International (CCI), the export promotion arm of the National Cotton Council of America (NCC), has announced the appointment of Liz Hershfield as its new Executive Director. Hershfield, a seasoned fashion industry veteran and sustainability expert, succeeds Bruce Atherley, who retired at the end of March. Gary Adams, President and CEO of NCC, expressed […]
Authentic Brands Group (Authentic) has announced a new long-term licensing agreement with BR South Pacific (BRSP) to manage its action and outdoor sports brands across Australia, New Zealand, and the South Pacific. In a statement released Wednesday, Authentic confirmed the deal would safeguard over 200 branded retail outlets, as well as wholesale and e-commerce operations. […]
FASHIONPHILE, the premier resale platform for pre-owned, ultra-luxury accessories, has announced Nicole Richie as its brand ambassador for 2025. The fashion icon, actress, creative director, and entrepreneur fronts the brand’s latest campaign and unveils an exclusive edit of her favourite designer handbags, jewellery, and accessories. “As long as I can remember, I have always loved […]
India’s largest steelmaker, JSW Steel, is facing setbacks [1] in its efforts to source coking coal from Mongolia due to unresponsive suppliers and logistical constraints, sources familiar with the matter revealed. The company had planned to import 2,500 metric tons from Mongolia, while the state-run Steel Authority of India Limited (SAIL.NS) sought a larger shipment […]
Pact signed to Drive Energy Efficiency in Oman’s Industrial Hubs Today, the Public Authority for Special Economic Zones and Free Zones (OPAZ) signed a Memorandum of Cooperation (MoC) with OQ Alternative Energy (OQAE) to launch an Energy Excellence Programme, as part of their efforts to reduce carbon emissions in economic zones, free zones, and industrial […]
Europe’s leading steelmakers delivered stronger-than-expected Q1 earnings but cautioned that rising global trade tensions, sluggish European prices, and ongoing market instability could dampen their full-year outlook. ArcelorMittal reported a decline smaller than anticipated in its quarterly core profit, but the steel giant warned that trade disruptions could threaten its 2025 demand projections, especially in key markets […]
Phoebe Gates, daughter of tech mogul Bill Gates, has ventured into the fashion tech industry with the launch of ‘Phia,’ an AI-driven shopping platform aimed at transforming how consumers approach sustainable fashion. Co-founded with her former Stanford roommate and climate activist, Sophia Kianni, Phia serves as a comprehensive tool for comparing prices across over 40,000 […]
Primegold Steel & Power has been a part of the wind power sector, alongside long-term renewable energy contracts and solar power. The company’s continued investment in clean energy accelerates its transition to sustainable operations and eco-friendly steel manufacturing. Primegold Steel & Power Ltd has been changed to Primegold International Ltd, marking a decisive shift toward […]
Mexico’s steel producers have urged the country’s Ministry of Economy (SE) to remove finished steel products [1] from the tax-exempt temporary import program, Immex, in an effort to protect the sector from unfair competition, industry sources report. The proposal is part of broader negotiations with the U.S. administration, aimed at securing an exemption from the […]
Iran’s steel production saw a modest recovery [1] in March, rising 3.7 percent compared to the same month last year, according to the World Steel Association’s (WSA) latest report on global output trends. The uptick helped offset the country’s consecutive declines in January and February, though overall quarterly production remained subdued. WSA’s monthly analysis highlighted […]
SSAB, the Swedish steel producer, saw a significant drop in earnings in Q1 but still exceeded analyst estimates, as its high-value specialty steel products mitigated the impact of lower prices and reduced demand in broader markets. The company stated that its facilities’ proximity to customers in Europe and the United States has shielded it from […]
The Fashion Commission has released a research paper titled Recycling Ihram Clothing: Environmental Sustainability in Hajj and Umrah, spotlighting the Sustainable Ihram Initiative launched in February 2025. The initiative marks Saudi Arabia’s entry into recycled fashion, aiming to transform textile waste management both locally and globally. This pioneering effort merges religious reverence, cultural heritage, and […]
Visa has partnered with Global Fashion Agenda to launch Recycle the Runway, a groundbreaking initiative aimed at nurturing the next generation of sustainable fashion creators. This global program focuses on empowering young designers to incorporate sustainability and innovation into their fashion practices, with a strong emphasis on recycling and responsible design. The initiative invites young […]
Spain has approved a €60 million grant [1] from EU funds to support the construction of a hydrogen-powered steel mill, recognized by the World Economic Forum as one of the most significant industrial decarbonization projects worldwide. This initiative, led by Hydnum, represents a crucial step toward advancing low-carbon steel production in the country. Hydnum was […]
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 […]
According to an official statement, Waleid Gamal El-Dein, Chairman of the General Authority for the Suez Canal Economic Zone (SCZone), has laid the foundation stone for Chinese Xinfeng’s integrated steel industrial complex in Sokhna. The total investment in the project amounts to $1.65 billion. The project covers an area of 3.75 million square meters and […]
The Europe Sustainable Fashion Summit will take place in Amsterdam from 4 to 5 November 2025, providing a premier platform for emerging designers, environmental advocates, industry leaders, and major fashion brands to shape the future of sustainable fashion. Organised in collaboration with SSG Events, the summit stands as a catalyst for transformation, empowering leaders to […]
In anticipation of its forthcoming summit on June 3, Global Fashion Agenda (GFA) has announced its efforts to produce a sequel to the ‘Fashion Redressed’ video series. BBC StoryWorks will produce the project, which will also collaborate with selected partners to create “human-centric pieces of branded content for the campaign”. The show will include stories […]
2-day discussions on the international Steel industry As the global steel demand has always been voracious, there has been a huge necessity to keep in mind various ways to reduce carbon emissions that are associated with its production. Around 75% of steel is still largely made in coal-fired blast furnaces, which release a large amount […]
Brazil’s steel import surge shows no signs of slowing [1] , with April figures potentially surpassing March’s historic levels. According to the National Institute of Steel Distributors (INDA), the country’s flat steel imports already set a record last month, and expectations point to continued growth. Carlos Loureiro, president of INDA, warned that more than half […]
Iron ore futures fall as speculation mounts over China’s possible steel production cuts [1], sparking unease in global commodity markets. Mixed signals on US-China trade relations compound the uncertainty, leaving investors wary of broader economic implications. On the Dalian Commodity Exchange, iron ore prices dipped 0.7% to 709 yuan per metric ton, while Singapore’s May contract slipped […]
Baosteel forecasts a decrease in steel exports and weaker domestic consumption in 2025, though the exact timing and magnitude are unclear. This comes despite the company’s recent profit growth. The company, Baosteel, a subsidiary of the state-owned China Baowu Steel Group, is known to be the world’s largest steelmaker by output. China’s biggest listed steelmaker, Baoshan […]
Prada has agreed to acquire Versace for €1.25 billion (£1.1 billion), bringing together two of Italy’s most iconic fashion houses. The Milan-based group will purchase 100% of Versace from Capri Holdings, the parent company of Michael Kors and Jimmy Choo. The transaction, funded through €1.5 billion (£1.3 billion) in new debt—including a €1 billion (£860 […]
The glorified world of luxury goods is facing an unexpected challenge originating not from traditional competitors, but from within its own supply chain. A surge of viral content from China is pulling back the velvet curtain on the manufacturing origins of some of the world’s most prestigious brands, igniting what could be termed a “luxury […]
India’s steel industry must secure annual investments [1] between ₹150,000 to ₹200,000 crore over the next two decades to scale production capacity from 200 million tonnes to 500 million tonnes by 2047, according to Jayant Acharya, Joint MD & CEO of JSW Steel. He stressed that this unprecedented financial commitment is essential to support rising […]
India’s coking coal imports [1] are expected to accelerate as the country ramps up steel production capacity, Steel Secretary Sandeep Poundrik said on Friday, citing limited domestic availability of the key steelmaking ingredient. The country’s coking coal imports, currently at approximately 58 million tons, are projected to rise to 160 million tons by 2030. This […]
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 […]
Despite volatility in global zinc prices driven by uncertainty over U.S. tariffs, Hindustan Zinc anticipates strong growth in fiscal 2026, a top company executive said to Reuters on Friday. The outlook follows the miner’s report of a significant rise in quarterly profit. CFO Sandeep Modi said that the Zinc prices have fluctuated between $2,500 and […]
Posti, Finland’s leading postal and logistics company, and Nanso, a Finnish fashion brand, have joined forces in a circular economy initiative aimed at extending the lifespan of clothing and reducing textile waste. This collaboration addresses the growing consumer demand for sustainable solutions and the increasing regulatory pressure on businesses to adopt eco-friendly practices. Posti is […]
Turkiye’s crude steel production declined [1] by 2.8 percent in March compared to the same month last year, falling to 3.1 million tons, according to data from the World Steel Association (worldsteel). During the first four months of 2025, output dropped 3.4 percent year-on-year to 9.3 million tons, ranking Türkiye as the seventh largest steel […]
India’s Prime Minister Narendra Modi on Thursday urged India’s steel sector to reduce reliance on imports and transition toward becoming a net exporter, [1] emphasizing its critical role in the country’s ambition for a developed India, or Viksit Bharat. Speaking virtually at the India Steel 2025 conference, PM Modi outlined a transformative vision for the […]
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 […]
France and other European countries will advocate for protection to shield the European steel industry against Chinese imports, French government spokesperson Sophie Primas said on Thursday. The statement came in response to steel giant ArcelorMittal’s decision to cut approximately 600 jobs across seven facilities in France, citing the ongoing struggles within Europe’s steel sector. “We […]
PUMA has successfully met its goal of producing 90% of its products using recycled or certified materials in 2024—a full year ahead of schedule—according to the company’s latest sustainability report released on Tuesday. Since setting the target in 2021, the sportswear giant has significantly scaled up the use of lower-emission materials, including 13% recycled cotton […]
In a strategic effort to support steel manufacturers in Nigeria, the Lagos State Government has reaffirmed its dedication to working alongside the Federal Government to enhance the sector. Governor Babajide Sanwo-Olu acknowledged the challenges posed by unreliable power supply on steel production and pledged full cooperation with the Ministry of Steel Development to drive necessary […]
Sustainable fashion brand Virgio has announced a collaboration with Miss UAE and Miss Planet International, Dr. Mahra Lutfi. The partnership aims to champion eco-friendly style choices across the UAE and beyond. The announcement was made at a media event in Dubai, with industry leaders present. Dr. Lutfi will take on the role of Virgio’s Sustainable […]
US-based Jay Apparel Group has announced a strategic expansion into Central America to mitigate the impact of rising tariffs and trade uncertainties in the global textile industry. By diversifying its manufacturing operations, the company aims to strengthen supply chain resilience and ensure consistent delivery to its North American retail partners. Jay R. Kapadia, President of […]
British Steel has halted its consultation on potential redundancies affecting up to 2,700 workers at its Scunthorpe plant, following the government’s takeover of the company earlier this month. Jingye, the Chinese firm that acquired British Steel in 2020 with promises of a “new chapter,” had previously announced plans to shut down Scunthorpe’s two blast furnaces. […]
Clariant, a sustainability-focused specialty chemical company, has renewed its collaboration [1] with Midrex, a global leader in direct reduced iron (DRI) technology, to advance low-carbon steel production. The renewed partnership aims to enhance DRI technology, which offers a cleaner alternative to conventional coal-based ironmaking. DRI technology enables the direct reduction of iron ore without melting, […]
A steel factory in Chonburi, a province in Thailand, jointly owned by a Chinese firm, has been caught illegally resuming operations [1] despite a government-issued suspension order. A special taskforce from Thailand’s Ministry of Industry discovered the violation during an inspection, resulting in the seizure of 582 tonnes of substandard steel bars worth approximately 11.53 […]
Jindal Stainless, India’s top stainless steel producer, has partnered with AB Energia Solutions Pvt. Ltd., a prominent clean energy solutions provider, to implement a groundbreaking solar power project at its Jajpur, Odisha facility. This initiative, now operational, is the largest captive solar plant within a single industrial site in Odisha, boasting an installed capacity of […]
Princess Anne, known for her timeless elegance and practical style, once again demonstrated her commitment to sustainable fashion at the Easter service in Windsor. The Princess Royal made a statement by re-wearing a striking green coat that has been a staple in her wardrobe for over a decade. The coat, first seen in 2013, features […]
In celebration of Earth Day, Global Fashion Agenda (GFA) has announced the development of a second season of its acclaimed film series Fashion Redressed, produced in partnership with BBC StoryWorks, the commercial content arm of BBC Studios. Scheduled to launch in early 2026, the new season will delve into the fashion industry’s ongoing transformation—from pledges […]
Shares of Tata Steel Ltd, JSW Steel Ltd, SAIL, and Jindal Steel & Power Ltd climbed during Tuesday’s trading session after the government imposed a 12% provisional safeguard duty on certain steel products. This move was aimed at protecting local manufacturers from the recent influx of imports. The duty came into force immediately and will […]
India’s steel imports surged [1] to 10.1 million tonnes in FY25, the highest level since FY16, according to provisional data from market analytics firm BigMint. The increase, driven by an influx of finished flat-steel shipments, has once again turned India into a net steel importer. Rising shipments from South Korea, China, and Japan have contributed […]
According to Eurostat data’s analysis, France’s steel industry recorded a notable increase [1] in exports of rolled metal products to third countries, increasing by 16.9% year-on-year to 158.21 thousand tons in January 2025. Compared to December 2024, exports also saw a strong 24.9% month-on-month rise. Exports of long products surged significantly, rising 57.4% y/y and […]
Macro Metals has announced that its subsidiary, Macro Mining Services (MMS), has secured a mining services contract from RE:GROUP for the Extension Iron Ore Project in Western Australia (WA). In July 2024, Macro Metals signed an agreement to earn an 80% interest in four manganese tenements in the Eastern Pilbara region of WA from Firebird Metals. The project, owned by privately held company […]
A growing wave of Chinese suppliers are taking to TikTok to share behind-the-scenes footage of products they manufacture for global brands. This trend, dubbed “FactoryTok,” has gained momentum in the wake of tariffs imposed by US President Donald Trump and highlights the stark difference between production costs and high-end retail prices. Leading this movement is […]
Vestiaire Collective, a luxury resale marketplace, has introduced a new ranking algorithm that calculates a product’s value using sales, five-year resale value growth, goods sold, likes, searches, and price offers. The study examines the brands, pieces, and main trends driving the resale market for the season using historical data and proprietary algorithms. Aiming to aid […]
India has plans to impose a new temporary tariff of 12% on steel imports, locally called the safeguard duties, intending to control the increase in cheap imports from China and elsewhere. One of the sources told Reuters on Monday that the government is set to enact the tax as soon as possible. Last month, as […]
Thailand’s Industry Ministry is moving to phase out certification [1] for steel produced using Induction Furnace (IF) technology, citing persistent concerns over quality control and environmental impact. The decision follows investigations revealing that IF steel often falls short of industry standards, raising alarms among regulators and prompting government intervention. Industry Minister Akanat Promphan announced that […]
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 […]
Hermès has overtaken rival LVMH in market capitalisation, marking a significant shift in Europe’s luxury landscape. On Tuesday morning, Hermès reported a market value of €248.2 billion, narrowly surpassing LVMH’s €246.8 billion. The milestone crowns Hermès as the most valuable luxury brand in Europe and on France’s CAC 40 index—fifteen years after LVMH’s failed stealth […]
In the search for sustainable alternatives to conventional leather and plastic-based textiles, shiringa bio-leather has emerged as an innovative material rooted in Amazonian tradition and Indigenous knowledge. Derived from the latex sap of the Hevea brasiliensis tree (commonly referred to as shiringa), this material offers insight into how natural resources can be harnessed responsibly for […]
The European Commission has outlined a 2025–2030 work plan under the Ecodesign [1] for Sustainable Products Regulation (ESPR) and Energy Labelling Regulation, placing steel among the priority sectors for new sustainability requirements. The initiative expands the regulatory framework beyond energy efficiency to include mandates for durability, repairability, and recyclability, aiming to reduce environmental impact and […]
Hoa Phat Group has officially commenced construction on a steel manufacturing facility [1] in Vietnam, set to produce high-grade railway rails for the first time in the country. The announcement came during the group’s annual general meeting (AGM) on April 17, where chairman Tran Dinh Long confirmed the project’s total investment of VND14 trillion ($556 […]
The collaboration is aimed at paving the way for large-scale imports of liquid hydrogen into Europe. It was signed during the state visit of His Majesty the Sultan of Oman to the Netherlands, in the presence of Reinette Klever, the Minister of Foreign Trade. The agreement was signed by a total of eleven parties, including […]
Global fashion advocacy group Fashion Revolution has launched its annual Fashion Revolution Week, taking place from 22 to 27 April under the theme ‘Think Globally, Act Locally.’ The global campaign urges major fashion brands to drastically improve transparency across their supply chains and to reaffirm their commitment to environmental and social responsibility. Now active in […]
Tenova, an Italian firm under the Techint Group and a provider of advanced solutions for the metals and mining industries, has recently announced a strategic partnership with Finland’s Coolbrook, a leader in transformational engineering and technology. Together, they aim to develop integrated solutions combining their respective technologies to enable carbon-free production of iron, steel, and […]
Designer Vino Supraja, recognized for bringing Therukoothu on the global stage, has been honored as a Global Sustainable Fashion Trailblazer at the British Parliament. Vino Supraja, affectionately known as the People’s Designer, is well known for collaborating with Bavani Jamakkalam weavers and showing her Purisai Therukoothu collection at London Fashion Week 2023. This honor was […]
Rio Tinto has partnered with AMG Metals & Materials (AMG M&M), an energy transition solutions company supported by the founders of Greenko and AM Green, to evaluate the viability of creating an integrated low-carbon aluminium facility in India, powered entirely by renewable energy. The two companies have signed a Memorandum of Understanding (MOU). This partnership […]
China’s crude steel production [1] surged to a 10-month high in March, registering a 4.6% increase from the previous year, according to data from the National Bureau of Statistics (NBS). The world’s largest steel producer manufactured 92.84 million metric tons last month, the highest output since May 2024. Analysts attribute the rise to improved profit […]
ArcelorMittal Nippon Steel (AM-NS) has announced a massive investment [1] of ₹2.6 lakh crore ($30 billion) in India over the next decade, aiming to boost its steel production capacity significantly. The joint venture, which currently produces 9.6 million tonnes per annum (MTPA), plans to expand this to 15.6 MTPA by the end of the fiscal […]
The “Cotton Lives On” recycling program is strongly urging UK fashion designers and retailers to join its growing sustainability project in an effort to combat textile waste and assist marginalized populations. The free initiative, which was started in 2022 by Cotton Council International and Cotton Incorporated, provides a workable approach to keep waste cotton out […]
Shahi Steel, the Bosnian unit of Turkish steel structures manufacturer Sahi Celik, has officially opened a new production plant in the city of Gradacac, according to the chamber of economy of Tuzla Canton (KPKT). The investment is expected to strengthen Bosnia’s industrial sector and attract further foreign investment. Shahi Steel specializes in the production of […]
China’s crude steel production surged in March [1], reaching its highest monthly level in nearly a year, as steelmakers ramped up output in response to favorable profit margins, strong export demand, and resilient manufacturing activity. The world’s largest steel producer manufactured 92.84 million metric tons of crude steel last month, marking a 4.6% increase from […]
Animal rights organisation PETA (People for the Ethical Treatment of Animals) has intensified its longstanding campaign against luxury conglomerate LVMH, urging the group to eliminate the use of real fur and exotic animal skins across its brand portfolio. Ahead of LVMH’s annual shareholders’ meeting on 17 April, PETA—an LVMH shareholder—is again calling on CEO Bernard […]
RE&UP, a circular tech company specialising in textile-to-textile recycling, has entered a strategic collaboration with Marchi & Fildi, a leading textile group known for sustainable yarn production. Together, they are developing a new line of high-quality recycled cotton yarns, currently in the pre-industrial phase. This partnership combines RE&UP’s cutting-edge recycling technology with Marchi & Fildi’s […]
On Tuesday, Britain said that it could sustain the country’s last remaining steel blast furnaces for at least several more weeks after securing a fuel shipment. This marks the latest effort in a desperate government push to preserve domestic virgin steel production. The government had been working towards securing a sufficient supply of coking coal […]
JSW Steel plans to invest more than ₹50,000 crore to establish a 10 million tonnes per annum green steel plant near India’s financial capital, a senior company executive announced on Tuesday. “We will be investing Rs 50,000-60,000 crore for the green steel capacity,” Jindal told reporters. He also added that this will be a brownfield investment ( an investment […]
A new report by ‘Good On You’ reveals a significant gap between the fashion industry’s actions and its environmental impact. The Fashion Planet Benchmark Report 2025, analyzing data from thousands of brands, found that major fashion brands score an average of just 30% on the ‘planet’ pillar of Good On You’s brand ratings, while small […]
Turkey has reached its European Union (EU) steel import limits [1] for several product categories in the second quarter of 2025, reflecting heightened demand and ongoing trade constraints. According to data from the European Commission (EC), as of April 11, Turkish exporters had fully utilized their quotas for rebar (94,398 tons), wire rod (98,054 tons), […]
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 […]
UNIFI, a global leader in recycled and synthetic yarns, has launched REPREVE with CiCLO® technology—a biodegradable recycled polyester and nylon designed to address the growing issue of microplastic pollution. Developed in collaboration with Intrinsic Advanced Materials, LLC, a joint venture between Parkdale Advanced Materials, Inc. and Intrinsic Textiles Group, LLC, this innovative fiber incorporates a […]
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader, and PT PLN (Persero), Indonesia’s state-owned electricity company, have signed two agreements for the advancement of the floating solar power projects for the largest energy market in Southeast Asia. The two companies also signed a ‘Principles of Agreement’ for the potential expansion […]
The UK government has taken decisive action to exclude China [1] from its steel industry, following emergency legislation passed on Saturday to secure control of Chinese-owned British Steel. Business Minister Jonathan Reynolds announced the move on Sunday, citing national interests and economic stability. The decision came after China’s Jingye Group declined a £500 million ($654 […]
The UK government officially took control of British Steel [1] after the Steel Industry (Special Measures) Act received Royal Assent, marking a pivotal moment in the nation’s industrial policy. The emergency legislation, passed in a rare Saturday sitting of Parliament, grants the business secretary sweeping powers to manage British Steel and other steel assets, ensuring […]
The Centre has permitted ArcelorMittal Nippon Steel India (AM/NS India) to import an extra 71,500 metric tonnes of low ash metallurgical (LAM) coke from Poland, exceeding existing import restrictions. The decision came after the company warned that the curbs were disrupting its steel production, according to Moneycontrol. The exemption highlights industry concerns over supply constraints affecting […]
Trove, a U.S.-based leader in resale and customer trade-in solutions, has acquired Reverse.Supply, a German firm recognised for its leadership in the European branded resale sector. The acquisition marks a pivotal move in Trove’s international growth strategy, combining its robust technology platform with Reverse.Supply’s regional expertise to create a seamless, scalable resale infrastructure across 30 […]
Hammerwerk Erft G. Diederichs GmbH & Co. KG signed a partnership with Germany’s GMH Gruppe for the use Green Power Premium Steel from Georgsm. arienhütte (GmbH) marking a pivotal role in climate-neutral methods. Georgsmarienhütte GmbH, a company of the GMH Group has supplied its first shipment of 120 tons of Green Power Premium Steel to […]
Tata Steel [1] shares surged by 6% on Friday, April 11, reaching an intraday high of ₹134.95 per share on the Bombay Stock Exchange (BSE). The sharp rise followed Tata Steel Nederland’s request for advice to the Central Works Council to initiate consultation on key aspects of its transformation program. As of 9:29 AM, Tata […]
Thai authorities have intensified their investigation [1] into Xin Ke Yuan (SKY) Steel Ltd, confiscating servers from the company’s factory in Ban Khai district, Rayong province. The move comes after the company failed to submit documents detailing its steel manufacturing process by the April 10 deadline, raising concerns over its compliance with safety standards. The […]
Refiberd, a California-based fashion tech start-up, was recently named eBay’s first-ever Circular Fashion Innovator of the Year. This accolade cements Refiberd’s position as a rising force in the push for a more sustainable fashion industry. But who exactly is Refiberd, and how is it transforming textile waste into a circular opportunity? Founded in May 2020 […]
In a move that could revolutionize how consumers access information about their clothing, the American Apparel & Footwear Association (AAFA) has formally petitioned the Federal Trade Commission (FTC) to allow digital labels on apparel and footwear. This initiative has garnered significant support from prominent brands including Ralph Lauren and Patagonia signaling a potential shift away […]
