India is now responsible for over 40% of global steelmaking capacity in development (352 mtpa) compared to just 140 mtpa in China. Analysis shows India’s planned steel capacity, which is larger than China’s and the EU’s combined, must leverage EAF and DRI to keep industry emissions within climate targets. A recent analysis shows that electric […]
As the fashion industry grapples with its significant environmental footprint, artificial intelligence (AI) and various technologies are emerging as crucial catalysts for a more sustainable future. From optimizing resource use to fostering circularity, these innovations are quietly revolutionizing how garments are designed, produced, consumed, and recycled. AI is proving instrumental in minimizing waste at the […]
British Steel has announced plans to recruit more than 180 new employees [1] as it prepares to increase iron and steel production, marking the first significant expansion since the UK government intervened to prevent the shutdown of its blast furnaces. The company is hiring 165 workers in Scunthorpe and an additional 17 across its Teesside […]
According to UK based research firm’s recent reports by IDTechEx [1], Hydrogen-powered steel production may remain out of reach for more than a decade unless significant cost reductions and infrastructure advancements are made. Despite hydrogen-based direct reduced iron (DRI) projects leading the green steel transition in regions such as Europe, the Middle East, the US, […]
The sustainability of South Africa’s steel industry [1] faces significant challenges, with government intervention now seen as essential to ensuring long-term competitiveness and economic stability. ArcelorMittal South Africa’s recent decision to close its Longs Business has underscored the need for policy-driven efforts to stabilize the sector. A strong steel industry can drive economic growth, create […]
Vice President JD Vance visited Nucor Steel’s South Carolina plant [1] on Thursday, highlighting what he called an “industrial renaissance” fueled by the Trump administration’s push for domestic manufacturing. Speaking before hundreds of steelworkers and industry leaders, Vance praised the resilience of the U.S. steel sector, emphasizing its vital role in infrastructure and national security. […]
Electra, a Colorado-based clean iron startup, has successfully raised [1] $186 million in its Series B funding round, marking a major step toward advancing sustainable steel production. The investment, led by Temasek Holdings and Capricorn Investment Group, will support Electra’s efforts to commercialize its innovative ironmaking process, which aims to reduce carbon emissions in the […]
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 […]
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, […]
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 […]
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 […]
Google has joined the Sustainable Steel Buyers Platform (SSBP), a partnership of various corporations organised by the US-based energy and sustainability non-profit organization RMI. SSBP includes major tech firms Meta, Microsoft, and Amazon as members. Including Google, the platform now has eight major backers. The intention of this Alliance, under SSBP, is to bring together […]
For the pioneering future of sustainable development, ARS Steel has successfully set a milestone for India’s construction industry, showcasing its dedication to net-zero targets through sustainable building practices and innovative technology by delivering India’s first green TMT bar to Trimetro Group for the construction of Epic Group’s state-of-the-art manufacturing facility in Bhubaneswar, Odisha. Epic Group […]
Thyssenkrupp Materials Processing Europe will offtake up to 100,000 tonnes of hydrogen-based flat steel per year from Hydnum Steel’s planned plant in Puertollano, Spain. Under a seven-year agreement, Hydnum’s green steel will support Thyssenkrupp’s efforts to decarbonize its supply chains in the automotive, construction, and appliance industries. As one of the world’s leading mill-independent materials […]
Thyssenkrupp is reassessing its ambitious plan to produce green steel at its Duisburg facility amid rising costs. The German government has invested billions of euros in subsidizing the project. The production of “green steel” by adapting a climate-neutral production method is being reviewed as per the internal reports. According to the reports, the company’s senior […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Prime Minister Anthony Albanese announced on Thursday that a struggling Australian metals plant will be repurposed into a production hub for “green iron and steel” as part of a government-backed billion-dollar rescue package. The initiative aims to revitalize the facility while advancing Australia’s push toward sustainable industrial practices. The company has been known to be […]
Emirates Steel Arkan (EMSTEEL) has unveiled its new decarbonisation strategy to reach net-zero emissions by 2050, reports say. The company has announced plans to cut absolute greenhouse gas (GHG) emissions by 40 percent in its steel business unit and by 30 percent in its cement business unit by 2030, using 2019 as the baseline year. […]
Global Leaders Debate Trump’s Steel Tariffs and the Future of Supply Chains As global trade policies and decarbonisation goals collide, the need for innovative solutions in the steel and energy sectors has never been greater. The 2nd World Green Steel, Hydrogen, and Energy Summit to be held in Brussels, Belgium, on 29-30 April 2025 brings […]
Nissan Motor Co., Ltd. announced its new plans of expansions with the use of low-CO2-emission steel manufactured in Japan, to reduce the proportion of low-CO2-emission steel Nissan uses in Japan in fiscal year 2025, which is expected to increase by a factor of five compared to fiscal year 2023. Nissan says that they aim to […]
A main contractor has been appointed to support Tata Steel’s £1.25bn green steel-making project at its Port Talbot steelworks site. UK construction and civil engineering firm Sir Robert McAlpine has been appointed to oversee the primary civil, structural, and building works for the development of a new electric arc furnace in the town. According to reports, the […]
Türkiye’s largest steelmaker, Tosyali Holding, has decided to invest around $1 billion in solar energy investments to support green steel production, the company’s chairman, Fuat Tosyali, said, according to Türkiye today. At the 55th Annual Meeting of the World Economic Forum in Davos, Switzerland, Tosyali said that 70% of the world’s Steel Industry is based […]
Vale, a global leader in sustainable mining, has reported to take a major step toward green steel production by signing a land reservation agreement with the Royal Commission of Jubail and Yanbu in Saudi Arabia. The agreement paves the way for the development of a Mega Hub at Ras Al-Khair Industrial City, marking a strategic […]
Nucor Corporation announced today that its Science-Based Emissions Targets (SBET) have been officially certified by the Global Steel Climate Council (GSCC). As a Founding Member of the GSCC, Nucor has outlined ambitious goals to significantly reduce greenhouse gas emissions from its hot-rolled steel production by 2030. The targets encompass Scopes 1, 2, and 3 emissions, […]
Thyssenkrupp has planned its commitment to a €3 billion ($3.1 billion) green steel production site, indicating that the project could proceed even if Germany’s aspirations to establish a world-leading hydrogen industry fail. German opposition leader Friedrich Merz, who is widely regarded as a strong candidate for the chancellorship in next month’s election, Speaking on Monday […]
In a move to combat climate change, the Indian government is set to launch a Rs 15,000 crore “Green Steel Mission” aimed at reducing carbon emissions from the steel Industry, currently accounting for 10-12% of India’s total emissions, says reports. The initiative is inclusive of a Production Linked Incentive (PLI) for Green Steel, renewable energy […]
German business associations have expressed concerns about worsening economic conditions, with many predicting further challenges in 2025, according to a survey released on Friday by the German Economic Institute (IW) “The German economy won’t get off the ground in 2025 either,” said IW Director Michael Huether in a report by Reuters. German business associations gave […]
HBIS Group, steel manufacturer based in Hebei province, is advancing its green transformation by harnessing hydrogen energy, a move its chairman, Yu Yong, described as groundbreaking for the steel industry as per reports by China Daily. “Hydrogen energy is hailed as the ultimate energy source in the 21st century, and replacing carbon with hydrogen can […]
For the first eight months of the fiscal year ending in March 2025 showed that India’s finished steel imports from China, according to provisional government data, say reports. The surge has raised concerns among domestic steel producers about the impact of low-cost imports from China. In response, the government has launched an investigation to determine […]
Electra, headquartered in Boulder, Colorado, has signed a memorandum of understanding with German steel and raw materials trader Interfer Edelstahl Group to partner on clean iron production for specialty steel. Electra is a producer of low-carbon iron and is transforming the environmental footprint of the iron and steel industry by utilizing chemistry and renewable energy […]
Australian green hydrogen producer Hysata announced on Friday that it has entered into agreements with South Korean steelmaker POSCO and its POSCO Eco & Challenge unit. The partnerships aim to advance electrolyser technology for green hydrogen production, says Reuters. These collaborations highlight the growing synergy between the global steel industry and the green hydrogen sector, […]
Modon, a master developer, and EMSTEEL Group, the UAE’s largest steel and building materials manufacturer, have signed an MoU reflecting a strategic alliance to confirm Modon as the first real estate developer to use low-carbon steel in the UAE. This partnership is vital in driving the construction industry’s transition toward sustainability and decarbonization. Aligned with […]
India’s Steel Ministry has unveiled a new framework for defining “green steel,” introducing three categories based on carbon emissions during production. According to the guidelines, steel with carbon dioxide emissions below 2.2 tonnes per tonne of the finished product will be classified as “green steel”, reported Reuters based on a ministry presentation released in News […]
Hydrom, the Sultanate of Oman’s green hydrogen orchestrator, has revealed plans for its third round of green hydrogen auction , set to launch in early 2025. The announcement was made during the inaugural Green Hydrogen (gH2) Investor Day, an event that brought together over 400 global stakeholders, investors, and industry leaders to highlight Oman’s progress […]
India’s steel production is surging, but its heavy reliance on coal-fired plants raises significant environmental concerns. As the country targets net-zero emissions by 2070, the growth of its steel sector presents a conflict with national decarbonization goals, says Economic times. The government’s National Steel Policy focuses on building emissions-intensive coal-fired blast furnaces with plans to […]
Government ministers are considering renationalizing British Steel in a final effort to protect thousands of jobs, as tensions increase amid a standoff between the government and the company’s Chinese owners over a £1 billion investment. Jonathan Reynolds, the business secretary, is in talks with British Steel and its owner, Jingye, about how much each party […]
A survey of 18 major steelmakers revealed that many are lagging in the transition to low-carbon production, with some still relying entirely on fossil fuels for their energy needs, reported by Reuters. Steel production accounts for 7% of global Carbon dioxide emissions, roughly equivalent to India’s total emissions, with coal-fired blast furnaces generating 2 metric […]
Shares of state-owned Steel Authority of India Ltd (SAIL) are expected to attract attention on Friday following the company’s announcement of a partnership with the Indian subsidiary of John Cockerill Group to implement green technologies in iron and steel production. The collaboration marks a key step in SAIL’s commitment to modernizing traditional steelmaking practices with […]
Blastr Green Steel (Blastr) has signed a Memorandum of Understanding (MoU) with INTERFER Edelstahl Group, a European steel trading company, to deliver 150,000 tonnes of ultra-low CO₂ steel products annually. This marks the second off-take agreement announced in just over a month, representing 10% of the projected capacity at Blastr’s upcoming green steel plant in […]
Stegra and Uniper have signed a long-term agreement for the supply of 6 TWh of electricity to Stegra’s plant in Northern Sweden. Uniper is an energy company with global reach and activities in more than 40 countries. In a long-term power purchase agreement (PPA) with Uniper, Stegra secures a yearly supply of electricity produced over […]
GreenIron announced the signing of a Memorandum of Understanding (MOU) with Tellus, an Australian company specializing in advanced end-to-end solutions for managing hazardous materials. The partnership marks GreenIron’s first formal recycling agreement and represents a significant step forward in the company’s journey towards a sustainable and circular economy. Through this collaboration, GreenIron will employ its […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
Brazil has finalized a 170 billion reais ($29.85bn) compensation agreement with miners BHP, Vale, and Samarco for the Mariana dam collapse in 2015, considered one of the worst environmental disasters. The agreement, signed on Friday, aims to address the extensive damage caused by the collapse of the Fundão tailings dam, which released a massive wave […]
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 […]
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 […]
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 […]
