Jamshed J Irani, India's Steel Man, has died at the age of 86.

Jamshed J Irani, also known as India's steel man, died on Monday at the age of 86 in Jamshedpur.

Tata Steel conveyed its heartfelt sympathies on Irani's passing.

"We are terribly grieved by the death of Padma Bhushan Dr Jamshed J Irani, affectionately known as Ind...

How can the steel industry help the EU meet its climate goals?

Around 5% of CO2 emissions in the EU and 7% [1] globally are attributed to the steel sector. To meet the EU's climate ambitions, it must develop and commercialise new low-CO2 technologies over the next 5-10 years.

Reinvesting in existing CO2-intensive assets runs the danger of leavi...

After the merger in 2021, the Arkan Group will be renamed Emirates Steel Arkan

After two firms merged last year to create an industrial conglomerate with assets of Dh13 billion ($3.54 billion), the Abu-Dhabi-listed steel and construction materials manufacturer Arkan Group legally selected Emirates Steel Arkan as its temporary brand.

The amalgamated corporation als...

Elawan Energy chooses Gonvarri Solar Steel as supplier for 1,000 solar trackers for 9 photovoltaic plants totaling 440MW

• These solar trackers will be located in 9 plants that are under construction and will come into operation in 2022.
• They will generate 880 GWh of photovoltaic electricity, enough to cover the consumption of the city of Albacete for more than three years.

Nippon Steel files lawsuit against Toyota and Baoshan for patent violation

Nippon Steel Corp. has filed lawsuits against Toyota Motor Corp. and Chinese steelmaker Baoshan Iron & Steel Co. The steelmaker has alleged infringement of a patent which is a key steel product for electric vehicles.

Highlights

• Nippon steel fi...

JSW STEEL FILES COMPLAINT AGAINST THREE AMERICAN COMPANIES

Highlights

• Since the tariffs were imposed in 2018, it hasn’t been able to get enough semi-finished steel slab from suppliers outside the U.S. said JSW

According to Indian steelmaker JSW Steel Ltd., three of the United States' largest steelmakers  are cons...

ORSTED WILL WORK WITH SOUTH KOREAN STEEL GIANT

Highlights:

• Orsted, energy firm Denmark, has signed a memorandum of understanding (MoU) with South Korean steel giant POSCO to focus on offshore wind and renewable hydrogen.
• Major steel producer POSCO and its affiliates would support the development o...

TOKYO STOCKS RISE ON MONDAY MORNING; NIKKEI GAINS

Highlights –

• Tokyo stocks rise on Monday morning; Nikkei gains.
• The 225-issue Nikkei Stock Average gained 245.87 points.
• Topix index of all First Section issues on the TSE was up 20.06 points.
• Stocks gained in iron and stee...

SHANGHAI FUTURES EXCHANGE STEEL REBAR AND HOT ROLLED COIL FUTURES ROSE

Highlights –

• Shanghai Futures Exchange steel rebar and hot rolled coil futures rose.
• Shanghai Futures Exchange’s most traded construction rebar closed up 1.0% at 5,003 yuan.
• Hot rolled coil futures, jumped 1.5% to 5,467 yuan per...

UK: GOVERNMENT UNDER PRESSURE TO ACCELERATE GREEN FUND FOR STEEL INDUSTRY

Highlights:

• The ministers in the United Kingdom have been under pressure for speeding up a 250 million pounds support package for the steel industry
• The government of UK has launched the Clean Steel Fund before the general elections in 2019

POSCO TO PRODUCTE LITHIUM IN A SALT LAKE IN ARGENTINA IN 2023

Highlights –

• POSCO to produce lithium in a salt lake in Argentina in 2023.
• The steelmaker completed its demo plant near the Salar del Hombre Muerto salt lake in Argentina.
• The salt lake is said to contain 13.5 million tons of lithium ...

TOKYO STOCKS OPEN HIGH; NIKKEI HIT INTRADAY HIGH ON MONDAY TRADING

Highlights –

• Tokyo stocks open high; Nikkei hit intraday high on Monday trading.
• The 225-issue Nikkei Stock Average advanced 598.99 points.
• Topix index of all First Section issues on the TSE was up 32.54 points.
• Stock issue...

FIRST INDIAN GAS-TO-ETHANOL PLANT COMING TO MAHARASHTRA

HIGHLIGHTS

• The first gas-to-ethanol plan in India is coming to Maharashtra.
• SAIL would spend approximately $ 55 million to set up this plant.

With the help of the Central Government, Steel Authority of India (SAIL) is planning to set...

TOKYO STOCKS END LOWER OVER GAINS AND DELAY IN COVID-19 VACCINE DISTRIBUTION

Highlights –

• Tokyo stocks end lower over gains and delay in COVID-19 vaccine distribution.
• The 225-issue Nikkei Stock Average ended down 276.11 points.
• Topix index of all First Section issues on the TSE finished at 14.00 points.
...

TOKYO STOCKS OPEN LOW OVER GAINS BY INVESTORS ON TUESDAY MORNING

Highlights –

• Tokyo stocks open low over gains by investors on Tuesday morning.
• The 225-issue Nikkei Stock Average shed 181.16 points.
• Topix index of all First Section issues on the TSE was down 9.04 points.
• Stock issues dec...

POSCO CHEMICAL SOLD SHARES TO RAISE $1.1 BILLION FOR RECHARGEABLE BATTERY BUSINESS

Highlights –

• POSCO Chemical sold shares to raise $1.1 billion for rechargeable battery business.
• POSCO Chemical Co. sold 16.47 million shares at 77,300 won.
• The new shares are said to be listed on the Seoul bourse on Feb. 3.

TOKYO STOCKS END HIGH OVER POSSIBLE U.S STIMULUS ANNOUNCEMENT

Highlights –

• Tokyo stocks end high over possible U.S stimulus announcement.
• The 225-issue Nikkei Stock Average ended up 434.19 points.
• Topix index of all First Section issues on the TSE ended at 30.12 points.
• Stock issues g...

TRUMP ADMINISTRATION IMPOSES NEW SANCTIONS ON IRAN

Highlights

• The US Treasury Department in a statement named Kaifeng Pingmei New Carbon Materials Technology Co. Ltd (KFCC), a Chinese company

• On the other hand, the Pasargad Steel Complex and the Gilan Steel Complex Co. are among the 12 blacklisted Iranian compani...

TOKYO STOCKS END LOWER ON WEDNESDAY WITH NIKKEI ADVANCING 16% IN 2020

Highlights –

• Tokyo stocks end lower on Wednesday with Nikkei advancing 16% in 2020.
• The 225-issue Nikkei Stock Average ended down 123.98 points.
• Topix index of all First Section issues on the TSE finished 14.50 points.
• Stoc...

TOKYO STOCK FALL OVER INVESTORS LOCKING IN GAINS IN THE FINAL SESSION OF THE YEAR

Highlights –

• Tokyo stocks fall over investors locking in gains in the final session of the year.
• The 225-issue Nikkei Stock Average was down 155.91 points.
• Topix index of all First Section issues on the TSE was down at 12.26 points.