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News

  • China to further reduce steel’s carbon footprint.

    China will come out with an action plan soon to further reduce the carbon footprint of the steel industry in the country, a top industry association said on Wednesday. According to the China Iron and Steel Association, the move came after the country vowed to p...
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  • British Steel sale to China Jingye Group completes

    British Steel sale to China Jingye Group completes

    3,200 high-skilled jobs in Scunthorpe, Skinningrove and on Teesside have been safeguarded by the completion of a deal to sell British Steel to leading Chinese steelmaker Jingye Group, the government has welcomed today. The sale follows extensive discussions between the government, the Official Re...
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  • In Sweden, hydrogen has been used to heat steel in a bid to boost sustainability

    In Sweden, hydrogen has been used to heat steel in a bid to boost sustainability

    Two firms have trialed the use of hydrogen to heat steel at a facility in Sweden, a move that could eventually help to make the industry more sustainable. Earlier this week Ovako, which specializes in manufacturing a specific type of steel called engineering steel, said it had collaborated with L...
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  • Iron Ore Tops $100 on Disruptions

    Iron Ore Tops $100 on Disruptions

    Iron ore has surged past the $100 mark as fresh shutdowns hit top producer Vale. The miner was ordered to suspend operations that account for a tenth of its iron ore output after workers contracted the coronavirus sparking fears of more disruption. Bloomberg’s David Stringer reports on “Bloomberg...
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