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.

Supply chain growth, green shift, tech edge, market expansion are big factors.

Finished Import Market Share YTD at 21%

In the week ending on January 6, 2024, domestic raw steel production was 1,707,000 net tons while the capability utilization rate was 76.9 percent.

Woodside Energy and South Korea¡¯s SK E&S Co. Ltd. have signed a non-binding Memorandum of Understanding (MOU) to enable research on potentially developing a lower-carbon hydrogen value chain, including hydrogen, ammonia, and related products.