Steel
February 2021

Global crude steel production in 2020 slipped 0.9 per cent year over year to 1.86 billion metric tonnes (mt) as rising output in Iran, Turkey and China almost fully offset losses in most other major steel-producing countries, the World Steel Association said in its latest report. Iran posted the largest increase, with production climbing about 13.






February 2021

Global oil and gas giant state owned Saudi Aramco signed an agreement with South Korea’s leading steel manufacturer Posco under an industrial Investment Programme to evaluate the potential for an integrated steel plate mill.






February 2021

Iran’s steel sector is a major source of revenue for the Iranian government. The country’s steel industry produced 13.4  per cent more crude steel during the year 2020 over the same period the previous year, according to the World Steel Association (WSA), making Iran the world’s 11th largest crude steel producer.






February 2021

Emirates Building Systems (EBS), a wholly-owned subsidiary of Dubai Investments and a leading manufacturer of steel structures, is nearing the completion of four Expo 2020 pavilions worth in excess of AED23 million ($6.2 million).






February 2021

The International Energy Agency (IEA) expects the steel industry to depend more on technological enhancements, scrap recycling and carbon capture and storage to cut emissions by 50 per cent amid ambitious climate goals, with significant coal use persisting through 2050 even with growth in hydrogen, S&P Global Platt said in a report.






February 2021

The World Steel Association (worldsteel) highlighted the important role played by global steel industry in driving sustainability. In his New Year message, Edwin Basson, Director General, worldsteel noted that the industry had to confront with several challenges in 2020.






February 2021

German steelmaker Thyssenkrupp will work with Equinor, a Norway energy company and OGE, German gas transmission system operator to reduce carbon emissions from the Thyssenkrupp plant in Duisburg, Germany.






February 2021

Thyssenkrupp AG is considering listing its steel division on the stock market amid mounting opposition to a potential sale to Liberty Steel Group, Bloomberg, citing people familiar with the matter, reported. “Thyssenkrupp executives are studying the idea of handing existing shareholders stock in the steel unit.






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