ArcelorMittal Joins Forces ABB to Introduce XCarb Steel
ABB collab with ArcelorMittal to introduce XCarb steel. The steel is made with high levels of recycled steel and 100 percent renewable energy, for its trusted Kabeldon power distribution system. The sustainable sourcing agreement helps reduce the carbon footprint equivalent by 29 percent. Oct 23, 2024 ABB is partnering with ArcelorMittal to introduce XCarb steel […]
ArcelorMittal Starts Trials to Recycle CO2 Emissions from Steel Production
ArcelorMittal’s Gent, Belgium site has become the first steel plant in the world to trial the new technology by D-CRBN, which would convert carbon dioxide captured at the plant into carbon monoxide, for use in steel and chemical production. Jul 22, 2024 ArcelorMittal and Mitsubishi Heavy Industries Limited (MHI) are working with a climate tech […]
ArcelorMittal Nippon Steel India Eyes Record Breaking USD 1 Billion Loan
The State Bank of India, ICICI Bank Limited and Axis Bank Limited are expected to sign the deal, which will possibly be the largest local-currency loan taken in India in 2024. May 2, 2024 ArcelorMittal Nippon Steel India Limited, a partnership between two major steelmakers of the world, is holding talks with leading Indian banks […]
ArcelorMittal to Build World’s Largest Single Steel Manufacturing Factory in Gujarat by 2029
Leading global steel producer ArcelorMittal to build the world’s single largest steel manufacturing factory at Hazira in Gujarat having capacity of 24 million tonnes per annum. Feb 22, 2024 Leading global steel manufacturer ArcelorMittal has announced that it will build the world’s single largest steel manufacturing factory at Hazira in Gujarat by 2029. The announcement […]
ArcelorMittal Nippon Steel to Invest INR 100 Crore to Set Up Three Scrap-Processing Centres
AM/NS India plans to invest INR 100 crore to set up three scrap-processing centers in Gujarat and Maharashtra. Dec 06, 2023 ArcelorMittal Nippon Steel India (AM/NS India) plans to set up three dedicated scrap-processing centers in Gujarat and Maharashtra, as major steel companies in India anticipate difficulties in meeting their scrap requirements through imports. AM/NS […]
Japan’s Nippon Steel Set to Acquire U.S. Steel for USD 14.9 Billion in Cash
U.S. Steel has been sold to Japan’s Nippon Steel for USD 14.9 billion in cash outbidding Cleveland-Cliffs, ArcelorMittal, and Nucor. Nippon’s acquisition marks its move toward 100 million metric tons of global crude steel capacity, while significantly expanding its production in the United States. Dec 19, 2023 Japan’s Nippon Steel secured a USD 14.9 billion […]
