Government Mulling Incentives to Fuel Green Transition in Steel Industry
Government contemplates rewarding steel companies, which prioritize energy-efficient technologies and sustainable practices with concessional finance and long-term loans. Feb 21, 2024 In order to create a conducive environment for the steel sector to embrace eco-friendly practices and accelerate green transition in steel production, the government is contemplating a slew of incentives for the industry, including […]
SMS group Leads ‘Make in India for the World’ with State-of-the-Art Production Facilities in India
SMS group is a leading technology provider to meet the customer’s needs of today and tomorrow. SMS group’s new lifecycle services portfolio aligns toward making processes more sustainable and energy-efficient. To this end, SMS has combined the areas of electrics & automation, technical service, and digitalization into powerful integrated solution offerings for the customer to […]
Scrap Sector Looks for Growth as Mills Drive to Green Steel
BIR World Recycling Convention (Round-Table Sessions) were organized at Abu Dhabi on 23-24 October 2023 where the consequences for recyclers as the steelmaking industry looking to decarbonise in the coming decades was the major theme during BIR’s Ferrous Division session. Founded in 1948, BIR (Bureau of International Recycling) was the first federation to support the […]
Tata Steel’s Groundbreaking Ceremony for Upcoming 7,50,000 TPA EAF-Based Steel Plant in Ludhiana, Proposed Capex INR 2,600 Crore
Tata Steel held the groundbreaking ceremony for its first low-carbon green steel plant in India. In 2021, Tata Steel also commissioned its first Steel Recycling Plant of 0.5 million TPA capacity at Rohtak in Haryana. Oct 20, 2023 Recently, Tata Steel held the groundbreaking ceremony for its upcoming 7,50,000 tonne per annum scrap-based electric arc […]
SMS Group Signs MoU with PT GRP to Drive Green Steel Development in Indonesia
A MoU was signed between SMS Group and PT Gunung Raja Paksi Tbk at a two-day ‘Focus Group Discussion (FGD)’ event in Jakarta, Indonesia symbolizing their commitment to advancing sustainable steel industry procedures and processes through digital solutions. Oct 19, 2023 SMS group and PT Gunung Raja Paksi Tbk co-hosted a two-day ‘Focus Group Discussion […]
Satyam Iron & Steel Co. to Invest INR 500 Crores in Two Years to Double the Production Capacity
Satyam Iron & Steel Company Private Limited is a pioneering sponge iron manufacturing enterprise that has evolved into a fully integrated steel plant. Over the past two financial years, the company has invested over INR 500 Crore, with plans to allocate a similar amount for expansion and production capacity enhancement in the upcoming financial years […]
Grow Ever Group’s New Unit to be Commissioned by Mid-2024 in West Bengal
Grow Ever was founded in 2008, with an intent not just to create another steel manufacturer; but to sculpt a legacy that could redefine the contours of the steel industry. The group has managed to create a niche in the highly competitive market where they are now the leading choice for OEMs for MS ERW […]
Global Green Steel Manufacturers Face a Sharp Increase of 30 Percent in Production Costs
Green Steel Forum was organized in Singapore. Current production methods of green steel will lead to a sharp increase of 30 percent in production costs for steel mills, globally. There is a need for a technological breakthrough in green steel production methods. May 23, 2023 Green Steel production costs threaten a sharp increase of 30 […]
Indian Steel Industry’s Future: Green Steel Mandatory
Mr. Jyotiraditya Scindia, Union Minister of Steel and Civil Aviation, shared the possibility of mandating green steel manufacturing, and information about MoUs signed towards the specialty steel capacity addition by 25 million tonnes at INR 30,000 crore investment. Mr. Jyotiraditya Scindia, Indian Union Minister of Steel and Civil Aviation, in his recent public address, indicated […]
Tata Steel Chooses Energiron DRI Technology to take a Major Step into Green Steel Production
Tata Steel Netherlands has partnered with Energiron Alliance for the design of the future-ready Energiron direct reduction plants in IJmuiden. Tata Steel Europe, with a predominant presence in the UK and the Netherlands, has selected Danieli as the technological partner for the Heracless (Hydrogen-Era-Carbon-Less) project for the Netherlands subsidiary. The project is aimed at transitioning […]
