The industry association will also continue to call for the restoration of export tax rebates for high-end steel products.

According to data from the Brazilian Ministry of Development, Industry, and Foreign Trade (Mdic), iron ore exports reached a total of 378.5 million metric tons in 2023.

Alexander Becker, the head of renowned steel manufacturer Georgsmarienhütte, has raised a poignant critique against the German government's decision to retract a planned €5.5 billion subsidy for electricity network fees.

¡°We did not agree to this arrangement, nor do we have any information about the financial wherewithal of this holding company to actually stand behind all of the obligations of our existing agreements,¡± asserts the USW in its statement.

ArcelorMittal, has unveiled a €1.8 billion investment plan aimed at curbing greenhouse gas emissions at a steel plant located in Dunkirk, northern France.

Highlighting their dedication to eco-friendly practices, SteelAsia reveals that approximately 80% of its energy requirements are sourced from geothermal power.

At the Vibrant Gujarat Global Summit, Lakshmi N Mittal, ArcelorMittal's Chairperson, praised the event's structure rooted in innovation and continuity.

The debut of the Steel Standards Principles at COP28 heralded a seismic shift in the steel industry's stance toward decarbonization. Orchestrated by global entities, these principles underscored the industry's crucial role in greenhouse gas emissions.