JSW Group To Build 25 Million Tonne Steel Plant in Maharashtra Worth INR 1 lakh crore
The 25 million tonne steel plant will be built in Gadchiroli district of Maharashtra in the next seven to eight years. The first phase of the plant, which will not only be the biggest such factory in the world, but also the most beautiful and environment-friendly steel-making unit, will be completed within four years. Feb […]
Jharkhand’s Steel Sector Receives INR 13,000 Crore Investment Proposals
Jharkhand’s steel sector to receive investment of approximately INR 13,000 crore, nearly half of Jharkhand’s INR 26,000 crore investment proposals during the Bengal Global Business Summit. Feb 10, 2025 The steel sector bags half of Jharkhand’s INR 26,000 crore investment proposals. During the Bengal Global Business Summit (BGBS) in Kolkata, the steel sector led the […]
Essar Group to Invest USD 650 Million in US Steel Plant
Essar Group plans to invest an additional USD 650 million in its US plant. It had invested USD 1.7 billion earlier. Jan 24, 2025 Essar Group plans to invest an additional USD 650 million in its US steel plant in the state of Minnesota. It had invested USD 1.7 billion earlier. Prashant Ruia, Director of […]
SSAB Receives Environmental Permit to Transform Steel Plant in Sweden
SSAB will replace its current blast furnace-based production system with a mini-mill equipped with electric arc furnaces and rolling complexes. The transformation will enable a reduction of 10 percent in Sweden’s total carbon dioxide emissions. Jan 6, 2025 SSAB has received the necessary permit from the Land and Environmental Court in Umeå to build and […]
Global Seamless Establishing Manufacturing Facility in US & Stainless Steel Plant in India
Global Seamless Tubes & Pipes Private Limited, leading manufacturer of hot finish & cold-drawn carbon, alloy and stainless steel seamless tubes, is set to level up its business game with a new plant coming up near its existing mill in West Bengal for the exclusive production of stainless steel. Mr. Aloke Ranjan Biswas, COO of […]
AM/NS India to Set Up 24 MMTPA Steel Plant worth INR 1.5 Lakh Crore in Andhra Pradesh
The steel plant will reportedly be set up in two phases. In the first phase, the plant will produce 7.3 million metric tonnes of stainless steel per annum. Its capacity will be expanded to 24 million metric tonnes per annum in the second phase. The first phase of the steel plant is expected to be […]
Demand Slump: China Suspends Approvals for New Steel Plants
Steel demand has fallen more than 10 percent since 2020 in China. Earlier, companies were permitted to build steel plants on the condition that they remove set amounts of existing and older capacity. Sep 3, 2024 In a strong response to a demand slump, which has fallen more than 10 percent since 2020, crushing industry […]
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 […]
JSW Steel Plans to Invest USD 1 Billion in Decarbonization Operations
JSW Steel plans to increase its Indian capacity to 42 million tons of steel per year by September 2027 and reach 50 million tons by 2031. Jul 4, 2024 In order to realize its 2030 goal of reducing CO2 emissions by 42 percent (1.95 tonnes of CO2 per tonne of steel) and becoming carbon neutral […]
Essar Awaits Final Approval to Build USD 4.5 Billion Steel Plant in Saudi Arabia
The USD 4.5 billion project involves the construction of a low-carbon steel plant having 4 million tonnes per year capacity, along with port facilities at Ras Al-Khair in Saudi Arabia. Jun 27, 2024 The Essar Group is awaiting certain approvals from the Saudi Government to start construction of a low-carbon steel plant in the oil-rich […]
