UK to introduce Carbon Border Adjustment Mechanism by 2027

London - The CBAM will apply a carbon price to imported goods in high-emissions sectors to ensure imported products face equivalent carbon costs as domestically produced goods.

31 Oct 2024

Swiss Steel Group: Martin Lindqvist has taken over as Chairman

Lucerne - Lindqvist formerly led initiatives in steel production innovation at SSAB, including efforts to achieve fossil-free manufacturing.

31 Oct 2024

World’s top 50 steel producers: Less than 50 % have set net zero emission targets

Stockholm - Recent report by Global Energy Monitor and the Leadership Group for Industry Transition, reveals challenges to the industry’s efforts to meet global climate targets by 2050.

30 Oct 2024

Outokumpu's Third Quarter Report 2024: Stable adjusted EBITDA

Helsinki - The company’s adjusted EBITDA rose significantly, reaching €86 million, supported by solid performance in its European and Ferrochrome business units.

30 Oct 2024

British Steel and Sheffield University: Carbon capture trial at Scunthorpe plant

Scunthorpe - The trial involves pioneering technology developed by the University of Sheffield, aimed at capturing carbon emissions from the plant’s power station.

29 Oct 2024

European steel market: Declining demand and rising imports

Brussels - EUROFER's latest Economic and Steel Market Outlook reveals that apparent steel consumption, initially projected to rise by 1.4% in 2024, is now anticipated to decline by 1.8%,

29 Oct 2024

Saarstahl commissions Primetals for new substation to power EAF facility

London - The substation will incorporate a 110 kV gas-insulated switchgear, three transformers with a capacity of 200 megavolt-amperes (MVA) each, and a 40 MVA transformer.

28 Oct 2024

Swiss Steel Group addresses market speculation following media reports

Zurich -  Swiss Steel’s CEO, Frank Koch categorically denies any insolvency concerns and aims to clarify the company’s strategic approach amidst difficult market conditions.

28 Oct 2024

Worldsteel: Global crude steel production declines by 4.7% in September 2024

Brussels - Crude steel production across 71 reporting countries totaled 143.6 million tonnes (Mt) in September 2024.

25 Oct 2024

Tata Steel Nederland: Akash Latchman new Chief Project and Engineering Officer

Ijmuiden - Latchman will join TSN’s board as its fifth member, where he will oversee the technical implementation of Tata Steel's Green Steel initiative.

25 Oct 2024

Voestalpine to sell German subsidiary Buderus Edelstahl to Mutares

Linz - Expected impact has been included in the company's financial forecast for the 2024/25 business year, targeting €1.4 billion EBITDA.

24 Oct 2024

EU Commission approves €128 million Swedish aid for decarbonisation at SSAB

Brussels - Funding will be used to install an electric arc furnace, powered by renewable hydrogen, to produce green steel.

24 Oct 2024

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