Steel Times International News
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Indian DRI production overtakes crude steel growth, says report
A recent report by Indian ratings agency CRISIL has revealed that Indian production of direct reduced iron (DRI), also known as sponge iron, achieved a compound annual growth rate (CAGR) of 8% to 51.5Mt in 2024 from 34.7Mt in 2019, outpacing the 5% growth in crude steel output.
19 September 2024 -
SSAB and Meka Pro Oy sign fossil-free steel agreement
SSAB and cable support manufacturer Meka Pro Oy have agreed on deliveries of fossil-free steel that will be used to manufacture cable management systems, such as cable ladders and cable trays.
19 September 2024 -
Marcegaglia invests £50m to build EAF in Sheffield, UK
Italian steelmaker Marcegaglia, is investing £50m to build a new electric arc furnace to upgrade its existing site in Sheffield, UK prime minister Keir Starmer has announced.
18 September 2024 -
SMS group to supply steelmaker with automation systems
SMS group will supply Jiugang Group Hongxing Iron & Steel (JISCO) with automation systems for its new 4,200-mm heavy plate mill. The mill will replace JISCO’s existing 2,800-mm plate mill.
16 September 2024 -
Volvo increasing use of low carbon steel
Automotive manufacturer Volvo is ramping up the use of low-CO2-emission steel in its trucks.
16 September 2024 -
Tata Steel UK to receive £500m grant, as 2500 jobs are cut in bid to go green
The UK government has announced a ‘new and improved deal’ with Tata Steel, consisting of a £500m grant to the company, which will contribute to the cost of building an electric furnace in Port Talbot.
13 September 2024
