The Ministry of Mines had constituted a Committee on 01.11.2022 to identify the critical and strategic minerals. The Committee had, inter-alia, recommended to establish a National Institute or “Centre of Excellence on Critical Minerals” (CECM).

Germany-based steel producer Klöckner & Co has announced that it plans to sell four of its European commodity distribution businesses and has received an offer by Spanish miner Hierros Añon S.A.that comprises all relevant terms and conditions regarding an a...

POSCO, a leading steelmaker in Korea, faced accusations of mislabeling its steel as "eco-friendly" while using coal-fired blast furnaces.

The charge levied by the UK CBAM hinges on the carbon emitted during production and the difference in carbon pricing between the country of origin and UK producers.

In line with earlier announcements, Periama Holdings LLC, a subsidiary of an undisclosed corporation, has recently concluded the acquisition of the remaining 10% stake in JSW Steel (USA) Inc.

They argue against allowing foreign companies to acquire American entities, asserting that it undermines established trade protections.

Electric steelmaking, a highly energy-intensive industry branch, was particularly affected, recording a slump of 11 percent to a record low of 10.1 million tonnes.

Looking ahead, growth in steel demand is expected to pick up in industries such as machinery, automobiles, energy, shipbuilding, home appliances, and containers, while the demand in construction and hardware industries is projected to decrease.