Thyssenkrupp to use Hydrogen to reduce emission

Thyssenkrupp sets hydrogen plan for its steel plant to cut emission

German steelmaker Thyssenkrupp will work with Equinor, a Norway energy company and OGE, German gas transmission system operator to reduce emission from the Thyssenkrupp Steel’s Duisburg plant. The decision is taken after the trio completed their joint feasibility study which was started back in October 2019, under the project H2morrow. The partners will evaluate the
US Imposed duties of electrical steel

US maintains antidumping on non-oriented electrical steel

The US carried out a five-year sunset review of anti-dumping duties on non-grain oriented electrical steel (NGOES). The AD review covered imports of NGOES from China, Germany, Japan, South Korea, Sweden and Taiwan. Upon completion of the review, the US decided to extend the existing AD duties by another five years. Similarly, it has also
Renewable power in the steel industry

Renewable power is slowly making its way into the steel industry

Governments around the world have made long term commitments to cut GHG emission substantially. The steel industry is among the top sectors, which is under pressure to reduce carbon footprint. One way to reduce emission is to employ renewable power such as wind and solar. Producing steel is an energy-intensive process and requires large amounts
Steel plate market in Saudi Arabia

Aramco and POSCO explores steel plate mill JV in Saudi Arabia

Saudi Aramco and South Korea’s POSCO signed a deal to evaluate the potential for an integrated steel plate mill. The cooperation between the two companies implies that the steel plate mill will target the oil and gas industry. POSCO will conduct the feasibility study to determine commercial viability for the plant. Saudi Arabia has been
Hydrogen in steel

Hydrogen is making inroads in the steel industry

Under the Biden presidency, the US is expected to play a critical role in revolutionising the global climate agenda. President-elect Joe Biden has appointed a former senator and secretary of state John Kerry as the first-ever US climate envoy. This shows that the new administration is highly committed to tackling climate issues. Mr Biden pledged
Global building and construction and belt and road initiative

The global construction market to recover in 2021 but BRI under the spotlight

The global building and construction spending slumped in 2020, expected to reach $4.7 trillion in real terms. COVID-19 remained the main culprit for dragging the market downward. The global building and construction market is expected to recover in 2021.  China is the largest construction market in the world, followed by the US. China started Belt
Halal food market in Europe is expanding unevenly

Halal food market in Europe is expanding unevenly

The halal food industry in Europe has been expanding, partly owing to the growing Muslim population. The high Muslim migration to Europe from war-torn Middle Eastern countries has also fuelled demand for halal food in some key European markets such as Germany. In some EU countries, the market is still suppressed despite high Mulsim population
Carbon emission goals by country

Net Zero Carbon Goals Tracker

Carbon Neutrality or Net Zero Emission Targets Carbon neutrality or net-zero means to have a balance between carbon emission and carbon absorption from the atmosphere in carbon sinks. In simple words, carbon sink is any system that absorbs more carbon than it emits. Currently, there are no artificial carbon sinks which can remove carbon from the atmosphere on a large
Afghanistan Cement Market

Afghanistan Cement Market

Afghanistan is a landlocked country, and almost all of its domestic cement demand is imported from its neighbouring countries. Most of the cement imports come from Pakistan followed by Iran, and together they both account for 99% of the total Afghanistan cement imports. Afghanistan is dependent on imported cement Based on the trade statistics, Commodity
China Five Year Plan and the steel industry

China Five Year Plan will support steel scrap consumption

The fifth plenum session of the 19th Communist Party of China (CPC) central committee discusses the 14th five-year plan 2021-2025. During the meeting, the long term goals going up to 2035, were also discussed. The plan is centred on technological development and environmental goals and will be passed by the National People’s Congress in early
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