India announces green steel classification formula Steel products produced with CO2 emissions of less than 2.2 tons per ton of rolled steel will be considered green The Indian Ministry of Steel has announced a formula for determining green steel, Reut...
The cost of industrial decarbonization projects under development reaches $1 trillion Developing countries need $70 billion for industrial decarbonization by 2030 Currently, projects to decarbonize heavy industries such as steel, cement, and chemicals worth about $1 trillion are under ...
Baosteel to maintain current flat steel prices for January sales The company continues to adhere to the December price strategy Chinese steelmaker Baosteel will maintain current prices for hot rolled coil (HRC) for the domestic market for sales in January 2025. Thi...
Indian stainless steel producers seek exclusive national policy for the sector Indian domestic stainless steel producers have sought a separate 'national stainless steel policy' from their government, the Indian Stainless Steel Development Association (ISSDA) said in a statement...
German Steel Federation: High energy costs still most critical issue Gunnar Groebler, president of the German Steel Federation (WV Stahl), has released a statement regarding the current challenges the domestic steel industry is facing, following a meeting with German C...
Vietnam's steel imports down 39.4 percent in November from October In November this year, Vietnam's steel imports amounted to 1,462,514 mt, down 39.4 percent compared to October, while its scrap imports grew by 29.7 percent month on month to 448,937 mt, according to ...
Steel exports from China exceeded 100 million tons in January-November Annual export volumes are expected to exceed the 2015 record of 110 million tons China’s steel exports in January-November 2024 reached 101.15 million tons, up 22.6% compared to the same period in 202...
EUROFER and IndustriaALL call for a steel summit The meeting is to discuss urgent issues and an action plan for sustainable development The European Steel Association (EUROFER) and the industriAll trade union are calling on the European Commission t...
German Chancellor proposes to reduce electricity costs for the steel industry Olaf Scholz promises to support steel industry at the national and European level German Chancellor Olaf Scholz has pledged support for the German steel industry, especially given the high energy cost...
Interpipe has organized a hub in Batumi for transshipment of products in the eastern Black Sea The company also moved its beam operations from the port of Constanta to Varna in Bulgaria Interpipe, a Ukrainian industrial company, is implementing modern logistics solutions, focusing on reducing c...
Canada expects $71 million in annual revenue from tariffs on Chinese steel and aluminum The new tariffs should compensate for the losses from cheap Chinese imports, promoting the development of local producers Canada is projecting an annual revenue of about C$100 million ($71.4 million)...
SSAB receives €126 million for transition to carbon-free steel production EU and Swedish funding to help reduce Sweden's CO2 emissions by 7% through modernization of Luleå plant Swedish steel company SSAB is receiving SEK 1.45 billion (€126 million) in funding from the Just...
