Steel Times International News
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Salzgitter acquires €1 billion to fund decarbonization process
The European Commission has approved a €1 billion German measure to aid German steelmaker Salzgitter Flachstahl GmbH (Salzgitter) in decarbonizing its steel production processes by using hydrogen, including renewable hydrogen produced on site, thanks to a new production facility.
06 October 2022 -
ArcelorMittal and Zeloros collaborate on hyperloops
Zeleros, the European company developing the scalable hyperloop, an ultra high-speed transportation system for both public and goods transport, and ArcelorMittal, the steel and mining company, have carried out trials to analyse the behaviour of steel grades for optimal use in hyperloops.
04 October 2022 -
Owner of British Steel seeks 'urgent' financial aid
Jingye, the Chinese owner of British Steel, has asked the UK government for a rescue package of up to £500m to keep open its steel works in Lincolnshire, with insiders claiming thousands of people will be made redundant if ministers reject the request.
03 October 2022 -
Korean steel industry faces supply disruptions
Supply disruptions loom in Korea’s steel industry as the country’s two largest steelmakers are struggling to fully operate their plants.
30 September 2022 -
Six international banks to disclose carbon intensity of steel portfolios
Six international banks have agreed to measure and publicly disclose the carbon intensity of their steel lending portfolios, in an attempt to push an industry reliant on highly polluting coal towards net-zero emissions.
29 September 2022 -
World’s largest acid regeneration plant supplied by John Cockerill
The official inauguration of the world’s largest acid regeneration installation has taken place at the Chinese BAOWU Steel Group’s Shanghai-based subsidiary, Baoshan Iron and Steel, supplied by mechanical engineering group, John Cockerill Industry.
27 September 2022
