South Africa (SA) had secured more than $4bn (R73bn) in funding from both bilateral and multilateral sources for the reduction of carbon emissions. With this financial backing, the country now faces a responsibility to implement actionable plans that align with global climate goals. Last year, South Africa’s steel production saw traditional coal-fired blast furnaces contribute […]
Driven by market dynamics and policy shifts, India’s steel prices have seen a notable rise [1] in recent months. However, the specter of a global trade war looms large, raising concerns about the stability of the industry. In March 2025, hot rolled coil (HRC) prices in Mumbai increased by ₹600 per tonne month-on-month, reaching ₹49,000 […]
Shein’s Executive Chairman, Donald Tang, has assured that US tariffs imposed during the Trump administration will not hinder the company’s operations in the American market. Speaking to AFP in France, Tang reaffirmed Shein’s commitment to delivering goods efficiently despite the additional 20% levy on Chinese imports. The tariffs reflect ongoing trade tensions between Washington and […]
The Australian Government has decided to invest $750 million in advancing new technologies in the metals manufacturing sector to maintain their position in the global competition. The funding is considered a part of the larger picture behind the $1.7 billion future made in Australia Innovation Fund, introduced in the 2024/2025 Budget, according to the government. […]
EU has announced their temporary anti-dumping duties ranging between 6.9% and 33% on hot rolled steel coil (HRC) imports from Japan, Vietnam, and Egypt, until a final decision is made by October. Previous reports also show that the imports of aluminium road wheels from Morocco were found to be unfairly subsidised, including those via China’s Belt […]
The Secondary Materials and Recycled Textiles Association (SMART) has called on the U.S. Trade Representative (USTR) to resolve restrictions on U.S. exports of worn clothing. SMART emphasized that an increasing number of countries are restricting or outright banning these essential exports. This behavior harms not only the US textile recycling industry but also the global […]
India’s steel industry is grappling with mounting challenges as cheap imports from China and aggressive global tariff policies put pressure on domestic prices and profitability. Leading steelmakers, including Tata Steel and JSW Steel, are facing reduced rating headroom, as highlighted by Fitch Ratings in its latest report. The influx of discounted steel imports from China […]
Bangladesh is poised to commence cotton imports from the United States as a strategic measure to mitigate the risk of potential tariffs on its exports, Foreign Affairs Adviser Md Touhid Hossain announced on Monday. Speaking at a workshop titled The Potential and Importance of Cotton Cultivation in Bangladesh for Saving Foreign Currency, organised by the […]
The Saudi Arabia Fashion Commission (FC) and the Japan External Trade Organization (JETRO) have established a new partnership to promote innovation and sustainability in the Saudi fashion industry. This association is motivated by the FC’s strategic goals of teaching local designers, strengthening the fashion ecosystem, and protecting cultural heritage. The cornerstone of this partnership is […]
Vale and Green Energy Park (GEP) are working together on a project which has been selected by the European Commission and the 27 Member States as one of the flagship projects of the European Union’s Global Gateway Program in the Climate and Energy category. According to reports, the project is focused on enabling the construction […]
In a recent statement, former U.S. President Donald Trump reaffirmed his commitment to maintaining tariffs stating he had he had “no intention” in easing on steel imports, signaling no plans for exemptions or reductions. This announcement comes as trade tensions between the United States and its global partners continue to escalate. Speaking aboard Air Force One, […]
China, the world’s largest steel producer, reported a 1.5% year-on-year decline in crude steel production for the first two months of 2025. According to the National Bureau of Statistics, the country produced 166.3 million metric tons of crude steel during January and February, reflecting a slight decrease compared to the same period last year. Despite […]
In 2024, the European Union’s (EU) steel trade showcased significant growth [1] in value despite a decrease in physical quantities. Steel exports reached €32.3 billion, marking a 9.9% increase compared to €29.4 billion in 2019. On the other hand, steel imports surged by 19.7%, totaling €39.5 billion. However, the weight of exported and imported steel […]
Glencore Plc is intensifying its cost-cutting efforts at its Canadian copper and zinc plants, building on job cuts made last year as part of a broader restructuring of its global smelting operations due to a decline in processing margins. The company’s copper plants in Quebec, along with several recycling sites in the US, will be […]
The Moroccan Ministry of Industry and Trade has initiated an anti-dumping investigation into steel wire imports from Egypt and the United Arab Emirates (UAE). The Investigation, which has commenced, follows claims from Moroccan companies that suggest these steel wire imports are being sold at unfairly low prices, causing significant harm to the local steel industry. […]
The fashion industry’s reliance on traditional leather has long been a source of environmental concern. From deforestation to the harsh chemicals used in tanning, the impact is undeniable. As consumers become increasingly aware of these issues, the demand for sustainable alternatives is surging. Traditional leather production contributes significantly to environmental degradation. Vast tracts of forests […]
Amid the mounting crisis of textile waste, zero-waste fashion stands out as a forward-thinking solution. This sustainable design and consumption philosophy aims to eliminate waste by embracing eco-friendly materials, upcycling, and responsible production. By reducing landfill waste and integrating circular economy principles, it helps curb pollution, extend material longevity, and restore natural systems. There are […]
Canada has initiated a formal complaint [1] with the World Trade Organization (WTO) in response to the United States’ imposition of tariffs on Canadian steel imports. The U.S. recently increased tariffs on steel to 25%, ending exemptions and duty-free quotas that were previously in place for Canadian steel products. This decision has heightened trade tensions […]
U.S. stocks rose on Wednesday, supported by inflation data that was cooler than anticipated, which helped halt a steep selloff. However, the ongoing escalation of President Donald Trump’s disruptive, multi-front tariff war limited the gains. The S&P 500 and Nasdaq both ended the day higher, with the latter receiving a strong lift from tech and […]
Global Standard is joining the Make the Label Count coalition, bringing its expertise and leadership to ensure that perspectives from across the supply chain are considered and integrated. Make the Label Count is a global alliance of stakeholders in the natural fibre industry, including producers, manufacturers, brands, standards organisations, and environmental advocates. The coalition aims […]
Shares of Tata Steel witnessed a 2% rise [1] on Wednesday after global financial services firm JPMorgan revised its price target for the stock, forecasting a potential 20% upside. The brokerage reaffirmed its “overweight” rating, highlighting the company’s improved earnings outlook, particularly in its European operations, as a key driver for optimism. The stock gained […]
PlasticFree, a pro-business solution for designers and marketers looking for plastic-free, sustainable alternatives, has launched a free program, “PlasticFree Forever,” to empower students to combat global plastic pollution. The program, which is funded by Ancestors of Tomorrow, provides human-validated case studies, proof points, and instruction on regenerative materials. PlasticFree wants to provide students with the […]
President Donald Trump has escalated trade tensions by threatening further tariffs [1] on imports, following retaliatory measures from the European Union and Canada. “Whatever they charge us, we’re charging them,” Trump told reporters at the White House. The ongoing dispute stems from Trump’s decision to impose a 25% tariff on steel imports, which he argues […]
SMS group has completed the automation system upgrade for the hot strip no.1 at PT Krakatau Steel (Persero), Tbk. PT Krakatau Steel (PTKS) has reached a significant milestone with the successful production of its first sellable coil at its facility in Cilegon. This achievement marks PTKS’s return to the Indonesian market as a producer of […]
Sequinova, a member of The Greenhouse—Undaunted’s climate innovation accelerator at the Grantham Institute—has introduced the world’s first commercial plant-based sequins. These sustainable sequins debuted during Stella McCartney’s Autumn/Winter 2025 show at Paris Fashion Week, marking a significant milestone in eco-conscious fashion. Crafted from sustainably sourced wood through a green chemical process, Sequinova’s sequins offer a […]
Boston Metal has specialised in steel decarbonization technology and has successfully launched its multi-inert anode Molten Oxide Electrolysis (MOE) industrial cell, designed for green steel production, marking a key milestone in de-risking Boston Metal’s MOE platform technology. It confirms the effectiveness of the inert anode, a critical component of MOE that enables the scalable production […]
As President Donald Trump’s latest tariffs on steel and aluminum imports came into force Wednesday, the European Union has responded [1] with officially implemented $28 billion retaliatory tariffs against the United States. This marks a significant escalation in the ongoing trade dispute with President Donald Trump’s administration. The countermeasures that came into force today are […]
The UK Fashion & Textile Association (UKFT) has announced the creation of the Reuse and Recycling membership category in an attempt to encourage circularity, growth, and innovation in the UK fashion and textile industry. Textile collectors, sorters, graders, mechanical recyclers, upcyclers, and recycling innovators are the target audience for this new membership category. By providing […]
Elcogen has officially announced the launch of the Horizon Europe SYRIUS project following a successful kick-off meeting hosted by project partner Acciai Speciali Terni Spa in February 2025. The SYRIUS project aims to transform the steel industry by enabling hydrogen production and circular energy use within steelmaking processes. Funded by a €10 million grant and […]
U.S. President Donald Trump has decided to abandon his proposal to double tariffs [1] on Canadian steel and aluminum imports. The initial plan, which would have raised tariffs from 25% to 50%, was announced as a response to Ontario’s decision to impose a 25% surcharge on electricity exports to the United States. The move had […]
The Clothing Manufacturers Association of India (CMAI) has established the SU.RE website and the SU.RE Sustainable Supply Chain Directory, which is a big step forward for India’s sustainable fashion movement. The website is a complete platform for the Indian textile industry’s transition to sustainable practices, and the directory includes 600+ recognized vendors from major categories […]
Japanese suitors are encountering increased challenges in U.S. mergers and acquisitions, as American targets are now more likely to demand substantial termination fees to safeguard against deals collapsing due to regulatory or political hurdles. This shift follows Nippon Steel’s stalled $14.9 billion bid for U.S. Steel, which has highlighted the growing risks tied to U.S. […]
SteelAsia Manufacturing Corp., the leading steel manufacturer in the Philippines, has commissioned its inaugural solar rooftop photovoltaic (PV) system in partnership with TotalEnergies ENEOS at its Meycauayan steel plant in Bulacan. The 1.9 megawatt-peak (MWp) solar power system is seen as a significant step in the company’s ongoing efforts to decarbonize its steel production operations. […]
Aditya Birla Fashion and Retail Ltd. (ABFRL) has emerged as the highest-ranked Indian retail enterprise in the S&P Global Corporate Sustainability Assessment (CSA). It now leads the Indian retail sector and holds the fourth position globally in the retail category. With an outstanding score of 82, ABFRL ranks in the 99th percentile among its global […]
President Donald Trump has reignited trade tensions by imposing sweeping tariffs on key trading partners, including Canada, Mexico, and China. Beginning his second term with a bold move, Trump reinstated a 25% tariff on steel imports, escalating the situation into a full-blown trade war with immediate retaliatory measures announced by affected nations. Effective from March […]
India’s steel trade experienced a significant downturn [1] in February 2025, with imports plunging by 40% year-on-year to 0.6 million tons. This sharp decline has been attributed to concerns over potential safeguard duties, dampening traders’ buying sentiment. The Directorate General of Trade Remedies (DGTR) is currently investigating allegations of steel dumping, and the possibility of […]
Danieli signs a Memorandum of understanding defined to explore integration of Newcleo LFR technology with Green Steel technology and plants. The collaboration is set to explore the integration of newcleo’s Lead-cooled Fast Reactors (LFR) with Danieli’s steelmaking technology intended to combine the production of green steel with nuclear energy production. The companies will focus on […]
Amid ongoing challenges, Ukraine’s steel industry is showing resilience, with rolled steel production increasing by 6.6% year-on-year [1] in February 2025. According to data from Ukrmetprom, the country’s rolled steel output reached 476.9 thousand tons during the month. This growth reflects the industry’s ability to adapt and recover despite the disruptions caused by the ongoing […]
GAP Inc. surged after reporting stronger-than-expected quarterly sales, indicating that CEO Richard Dickson’s turnaround strategy is taking hold. The retailer outperformed analyst forecasts for comparable sales, with GAP, Old Navy, and Banana Republic delivering solid results. However, its struggling athleisure brand, Athleta, saw an unexpected decline. GAP shares jumped 17% in pre-market trading on Friday, […]
SSAB’s HYBRIT® technology, developed in partnership with the mining expert LKAB and Vattenfall, is known for its green hydrogen and fossil-free electricity in place of coking coal to produce steel, eliminating the carbon emissions. SSAB has signed an agreement with global construction equipment maker Putzmeister to provide future fossil-free steel for products like concrete pump […]
Cascale, previously the Sustainable Apparel Coalition, has released the most recent creation of the Higg Brand and Retail Module (BRM), reaffirming its commitment to improving sustainability assessment tools for the fashion industry. The Higg BRM, which is part of the larger Higg Index package, is intended to assist brands and retailers in evaluating their ESG […]
SSAB’s official statement said that they are establishing new blast furnaces in Oxelösund, Sweden, with an electric arc furnace and associated raw material handling. The aim is for the new production system to be up and running toward the end of 2026. The Oxelösund mill is said to be the first in the green transition […]
Workers suspended at Liberty Steel in 2024 will be returning to work by next week, according to Independent Steel Workers Union leader Penny Wight. Liberty Steel furloughed more than 500 employees from its Peoria-area steel mill and wire mill in December, citing economic challenges in the steel market. The company stated that the furloughs were necessary. […]
The European Union has introduced two key directives to strengthen corporate sustainability: the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD). The CSRD mandates comprehensive environmental, social, and governance (ESG) reporting, enhancing transparency and comparability for investors and stakeholders. Meanwhile, the CSDDD requires companies to identify, prevent, and mitigate human […]
Kimberly-Clark (K-C), a global giant behind household names like Kleenex and Scott, is making significant strides in its sustainability journey with a new partnership and virtual solar power purchase agreements (vPPAs) across Italy and Spain. This initiative promises to significantly reduce the company’s carbon footprint and drive the production of more environmentally friendly products. The […]
Nordstrom Inc., the American luxury department store, reported total revenues of $15.02 billion for the fiscal year 2024 (FY24), ending 1 February 2025, reflecting an increase from $14.69 billion in the previous year. Net sales rose to $14.56 billion, while net earnings surged to $294 million. The selling, general, and administrative (SG&A) expenses of the […]
Nomura Research has highlighted the potential benefits of imposing safeguard duties [1] on Indian steel imports. According to the brokerage, such measures could significantly boost domestic steel prices and improve the margins of steel manufacturers. The domestic steel industry has been advocating for a 25% duty on imports to protect against the influx of cheap […]
ArcelorMittal Nippon Steel (AM/NS), a Luxembourg-based multinational steel manufacturing company, has announced plans to invest Rs 1.47 lakh crore [1] in a new steel plant in Andhra Pradesh. This significant investment is set to be developed in two phases, with the first phase involving an expenditure of Rs 61,780 crore to achieve a production capacity of […]
Morocco’s green hydrogen ambitions have reached a significant step forward as Prime Minister Aziz Akhannouch chaired a steering committee meeting in Rabat today, where five major investors were selected to develop six projects valued at MAD 319 billion ($31.9 billion) across the country’s three southern regions, marking a major step in Morocco’s push toward sustainable […]
Recent statements highlight the Middle East and North Africa’s (MENA) potential to take the lead in the global industry’s shift toward green iron and steel, according to the Institute for Energy Economics and Financial Analysis (IEEFA). Libya has announced plans to become a supplier of direct reduced iron (DRI) in the Mediterranean basin and beyond unveiling […]
SWE-S has launched Treadfine Productions, a new business committed to making high-quality, sustainably made hosiery, as a part of its efforts to steer the fashion sector toward a more sustainable future. The fashion industry is dealing with the environmental impact of rapid fashion, particularly the proliferation of “throwaway” hosiery made of synthetic fibers. Recognizing this […]
India’s finished steel imports from South Korea, China, and Japan have reached an all-time high [1] during the April-January period of the current fiscal year. According to provisional government data, these three countries accounted for 78% of India’s total finished steel imports, highlighting the growing reliance on foreign steel to meet domestic demand. South Korea […]
Tourists in Italy spent an estimated €20–22 billion in the country’s stores in 2024, according to a study by market research firm Risposte Turismo (RT). The study, based on data from the Bank of Italy, Mastercard, and Istat, was presented at the eighth edition of Shopping Tourism, Italy’s leading trade event in this sector. Organised […]
The United States has urged Bangladesh to align its garment sector labour laws with international standards, stressing the need for substantial legal reforms. This call is part of the 2025 Trade Policy Agenda and the 2024 Annual Report by the Office of the United States Trade Representative (USTR). While acknowledging Bangladesh’s progress in worker safety […]
After China announced its plans to restructure its steel industry to cut its total output, there was a surge in the share of steel stock on March 5. The latest plans by China are expected to reduce cheap steel dumping into the Indian market, acting as a major positive to the domestic steel companies. Welspun Corp’s shares […]
Iron ore futures declined on Wednesday due to the tariff war between the United States and top metals consumer China, outweighing optimism about improved demand for Chinese steel. China is the world’s largest consumer of metals, including iron ore, a key raw material for steel production. According to reports, the most-traded May iron ore contract […]
China has announced plans to reduce its steel output [1], in an effort to address overcapacity and enhance profitability. The decision, revealed at the National People’s Congress, aims to restructure the country’s steel industry, which has been grappling with a prolonged property market downturn and mounting trade frictions. However, the announcement didn’t cover any interventions […]
Lenzing Group, a major provider of regenerated cellulose fibers for the textile and nonwoven sectors welcomes the European Commission’s Clean Industrial Deal, which seeks to create a sustainable, climate-neutral, and competitive economy. On Wednesday, February 26, 2025, in Antwerp, Belgium, Commission President Ursula von der Leyen spoke about the project with 400 business executives, including […]
Qatar Steel and Bahrain Steel have announced a $1.266 billion deal [1] to enhance industrial cooperation and strengthen the steel industry in the region. The agreement, which covers the supply of 5 million metric tons of raw materials over five years, was revealed at a joint press conference held in Doha. The deal is part […]
Japan trade minister Muto is to visit US for tariff exemption. Japan’s Economy, Trade, and Industry Minister Yoji Muto is set to visit the United States as early as March 10 for discussions with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer, the Asahi Shimbun reported on Tuesday, citing multiple sources. Muto […]
Commodities tycoon Sanjeev Gupta’s GFG Alliance said in a statement on Monday that it remained the largest creditor in Australia’s Whyalla Steelworks at A$536 million ($333.23 million). South Australia’s state premier put Whyalla into administration for unpaid bills on February 19 and said he wants to help develop lower carbon steel production in the state. GFG said […]
A partnership of prominent fashion brands and industry organisations, including Fashion for Good and The Microfibre partnership, has launched a study to investigate the root causes of fiber fragmentation in textiles. The study, titled “Behind the Break: Exploring Fibre Fragmentation,” aims to close data gaps and confirm testing procedures in order to better understand and […]
Union Steel and Heavy Industries Minister H.D. Kumaraswamy has outlined the government’s strategy to protect the Indian steel industry [1] in light of the new tariffs imposed by the United States. The announcement comes after U.S. President Donald Trump imposed a 25% tariff on steel imports from Canada and Mexico, and a 10% levy on […]
In February, Ukraine-based steel mill Zaporizhstal, a subsidiary of Metinvest, reported a production of 195.7 thousand tons [1] of rolled steel. This figure represents a slight decrease of 1.4% compared to last year. Despite the minor decline in rolled steel production, Zaporizhstal’s overall performance in February remained robust. The company produced 265.4 thousand tons of […]
As Capri Holdings Ltd. nears the sale of its Italian luxury brand, Versace, to Prada SpA, its shares have surged. The deal, valued at up to €1.5 billion (US$1.6 billion), marks a significant shift in the luxury landscape. Before Monday’s trading session in New York, Capri’s stock rose by as much as 9.6%, while Prada’s […]
Recent reports showed a significant growth in the steel manufacturing sector of India, with Sajjan Jindal signing a Memorandum of Understanding (MoU) with South Korea’s POSCO Group. This partnership aims to establish an integrated steel plant in India with an initial capacity of 5 million tonnes per annum (MTPA). “This JV also entails collaboration for […]
Dr. Ronald J. O’Malley, the F. Kenneth Iverson Endowed Chair of Steelmaking Technologies at Missouri University of Science and Technology, has been honored with the 2025 Tadeusz Sendzimir Memorial Medal for Innovation in Steel Manufacturing Technology by the Association for Iron & Steel Technology (AIST). O’Malley earned a Ph.D. in metallurgy from Massachusetts Institute of […]
In a move to harmonize cultural heritage with modern sustainability, UNESCO has launched the “ICH as Fashion” initiative, placing a strong emphasis on sustainable fashion practices. This initiative aims to connect intangible cultural heritage (ICH) with the global fashion industry, promoting environmentally and socially responsible approaches. The Chuxiong Municipal Government and the UNESCO Regional Office […]
In a move that has shaken global trade, U.S. President Donald Trump has signed an executive order reinstating a 25% tariff on steel imports. Effective March 12, 2025, the tariffs will apply to all countries without exemptions, reversing the previous exclusions granted under the 2018 measures. Based on recommendations from U.S. Secretary of Commerce Howard […]
The fashion industry is one of the world’s largest polluters, driving extensive environmental degradation. Every year, it generates millions of tonnes of textile waste, much of which ends up in landfills or incinerators, releasing harmful emissions. The industry is also notorious for its excessive consumption of water, with the production of a single cotton T-shirt […]
The European Commission’s decision to scale back its key sustainability reporting regulations could pose challenges for investors seeking to allocate funds toward the bloc’s climate objectives. Since the 2015 global agreement on climate action, Europe has led efforts to transition the real economy toward net-zero emissions by 2050. This includes setting standards for defining “green” […]
The fashion industry, long criticized for its environmental impact, is witnessing a wave of innovation aimed at creating a more sustainable future. Among these advancements, ECOHUES™ waterless dyeing technology stands out as a game-changer, promising to drastically reduce water consumption and chemical waste. ECOHUES™ deviates from traditional dyeing processes by utilizing a recyclable, non-aqueous solvent […]
Adidas’ ability to attract more American consumers from market leader Nike will be crucial to its continued success in 2025, according to investors and analysts. As uncertainty looms over consumer demand in China, many brands—including those in the luxury sector—are shifting their focus to the U.S. as a key growth market. CEO Bjorn Gulden has […]
Australia’s ambitious plans to become a global leader in green hydrogen production are facing significant challenges [1] as the country approaches its upcoming elections. According to project ratings agency HySights Pte Ltd, the outlook for Australia’s green hydrogen sector has soured, with the ratings of six key projects dropping an average of two bands since […]
Masdar, TAQA, and Eni have signed an agreement to support the tripartite initiative [1] between the UAE, Italy, and Albania as a move towards enhancing cross-border renewable energy collaboration. The agreement was signed in the presence of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Italian Prime Minister Giorgia Meloni during Abu […]
Blastr Green Steel (Blastr) has signed a memorandum of understanding (MoU) with Aurora Infrastructure for a build, own, and operate (BOO) agreement. Under this arrangement, Aurora, a Finnish electricity network partner, will be responsible for designing, constructing, operating, maintaining, and financing the electricity distribution infrastructure for Blastr’s proposed steel plant in Inkoo, Finland. Aurora Infrastructure […]
The Industrial Development Bank of Türkiye (TSKB) has secured a €50 million loan from the OPEC Fund [1] for International Development (OPEC Fund) to support the growth of Turkey’s renewable energy sector. This financing agreement, the first collaboration between TSKB and the OPEC Fund, aims to accelerate Turkey’s transition to a low-carbon economy by funding […]
The Gulf Cooperation Council (GCC) region is witnessing a surge in electricity investment, driven by ambitious renewable energy targets, according to a recent report by Fitch Ratings [1]. The report highlights that the growth in investment is primarily supported by the GCC’s commitment to increasing the share of renewable energy and improving the efficiency of […]
Saudi Arabia is making significant strides towards its ambitious goal of generating 50% of its energy from renewable sources [1] by 2030. This initiative is a key component of the Kingdom’s Vision 2030, which aims to diversify the economy and reduce its dependence on oil. The Saudi Green Initiative, launched by Crown Prince Mohammed bin […]
To boost European businesses against US and Chinese competition, the European Commission intends to relax regulations concerning company sustainability reports and supply chain transparency. This deregulation, dubbed the “Simplification Omnibus,” is part of a larger reform package designed to support European companies. The package also includes incentives for industries to reduce their carbon footprint and […]
French Minister Marc Ferracci said on Thursday that Europe’s steel sector needs to be better protected from cheap imports as current measures seem insufficient. European steel producers are struggling with weak demand and a surge of low-cost imports from Asia, as China’s massive overcapacity floods global markets, prompting producers to shift excess supply to Europe. […]
Jindal Steel made an offer to the troubled Italian Steelmaker to about €4 billion ($4.2 billion), seeking to outbid rivals from Azerbaijan, people familiar with the matter acknowledged. Jindal’s latest proposal to the Italian government offers a payment of about €1 billion for the asset, along with around €3 billion to revamp the main steel […]
Positive Zero, the Middle East’s leading decarbonization and energy transition provider, has reported record growth over the past year [1]. Since aligning with BlackRock, the world’s largest asset manager, in December 2023, Positive Zero has doubled its earnings and nearly tripled its capital expenditure on projects. The company says that they have significantly expanded its […]
The FBR has issued an SRO 204(I)/2025 to introduce draft amendments in the Customs Rules, 2001, on Tuesday. A tax expert opined that by excluding iron and steel scrap from EFS. The importers of compressors and motors will now have to pay all taxes at import stage, such as customs, sales tax, and income tax. […]
Tata Steel’s managing director, TV Narendran, advocated the implementation of safeguard duties on imported steel aimed at protecting India’s steel sector from the impacts of tariff increases imposed by the US. ” It’s not that India is exporting a lot of steel to the US, but the steel which used to end up in US […]
Researchers at the University of Warwick, in cooperation with clothing automation pioneer CreateMe Technologies, have created a groundbreaking thermoreversible adhesive technique that has the potential to alter the fashion industry. The outcome of three years of rigorous study and supported by 19 patents, it promises to greatly increase the scalability of textile recycling, lowering waste […]
Bolivia, a South American country, has officially inaugurated the Mutun steel plant in Puerto Suarez, near the country’s border with Brazil, in a bid to reduce its dependence on metal imports. The $546 million megaproject was largely financed by a loan from the Export-Import Bank of China, further strengthening China’s economic and political influence in […]
Al Yamamah Steel Industries Company has agreed with the South Korean branch of Hyundai Engineering & Construction to supply steel towers for a 380 kV ultra-high voltage transmission line project in Saudi Arabia’s western region. In a statement to the Saudi Stock Exchange on Tuesday, the company announced that the contract is valued at 174.91 […]
Authentic Brands Group has announced a new partnership with Velocity Global Brands to relaunch Quiksilver’s women’s collection in the United States and Canada. Under the agreement, Velocity will oversee design, manufacturing, and distribution, with the collection debuting in spring 2025. Inspired by nature, adventure, and a free-spirited lifestyle, the line will feature high-quality, versatile, and […]
Masdar, the UAE’s leading clean energy company, is in discussions to expand its portfolio [1] of 24/7 ‘baseload’ green power plants. This move follows the successful launch of the world’s first large-scale project combining solar power and battery storage, capable of delivering uninterrupted renewable energy around the clock. The groundbreaking project, located in Abu Dhabi, […]
Oman is making significant strides in its renewable energy sector, with plans to launch ten new projects between 2027 and 2029 [1], targeting a combined capacity of around 2,300MW. This ambitious move is part of the sultanate’s broader efforts to diversify its energy mix and reduce reliance on fossil fuels, aligning with Oman Vision 2040, […]
Chemical management specialist Oeko-Tex has collaborated with traceability technology provider SPOOR to create a new transparency platform for the leather industry. By means of this collaboration, the two organizations will advance a data-driven methodology that permits complete leather product traceability down to the specific animal farm, establishing a new worldwide benchmark for ethical sourcing. This […]
ASOS has announced a major organisational restructuring to align its operations with its strategic goals and customer-centric approach to growth. CEO José Antonio Ramos Calamonte described the overhaul as a pivotal step, stating, “These changes represent an exciting new chapter for ASOS. By reorganising and focusing on our strengths, we’re better equipped to seize opportunities […]
Eightyards GmbH, the wholly owned subsidiary announced by Hugo Boss last year, has officially commenced operations. Based in Metzingen, the company aims to repurpose surplus materials, aligning with the broader shift towards sustainability. Eightyards operates across three key areas: reselling, reusing, and the re-, up-, and downcycling of surplus textiles. It caters to both the […]
Dalian iron ore futures ended a four-day winning streak on Monday as rising levies on Chinese steel weakened demand prospects for the crucial steelmaking ingredient. However, the decline was tempered by decreasing portside inventories in China. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) closed 0.77% lower at 832.5 yuan ($114.95) […]
BHP is ramping up its global search for copper to meet surging demand fueled by the energy transition. However, the scarcity of high-quality deposits, particularly in stable jurisdictions, poses a significant challenge for the mining giant, according to recent reports. Over the past five years, BHP has undergone a strategic shift in its investment priorities. […]
Samsung Electronics Co., Ltd. made its London Fashion Week debut alongside British luxury brand E.L.V. DENIM, showcasing a powerful collaboration focused on sustainability and responsible consumption. E.L.V. DENIM’s inaugural presentation, titled “The Journey,” featured a full ready-to-wear collection crafted entirely from 100% upcycled materials, marking a significant milestone for the brand. The show, set against […]
The UAE’s renewable energy sector, the Dubai Electricity and Water Authority (DEWA) has announced that its pumped-storage hydroelectric power plant in Hatta will begin exporting clean energy [1] to Dubai in April 2025. This project, which is the first of its kind in the GCC region, is set to contribute to Dubai’s clean energy goals […]
In a significant move to bolster Egypt’s renewable energy infrastructure, UAE-based Amea Power has signed an agreement [1] with the Egyptian Electricity Transmission Company (EETC) to develop two independent battery storage facilities. These facilities, with a combined capacity of up to 1,500 megawatt-hours (MWh), are set to play a crucial role in stabilizing the national […]
