ArcelorMittal announced that its Sestao plant in Spain will become the world’s first full scale zero carbon emissions steel plant.

Global Consulting Firm McKinsey in a recent report highlighted that raw material shortages have the potential to disrupt the market for direct reduced iron

"He further directed the CPSEs to align their business activities to remain competitive in the market," the Ministry said.

The company’s newly acqui and Steel reported production of 0.69 million tonnes in Q1 of FY 22.

However, the company said that the exports were impacted by logistical challenges posed by adverse weather conditions leading to congestion at ports.

State-owned NMDC said its board has approved the de-merger of NMDC Steel Limited.

RK Goyal, MD, Kalyani Steel, talks about the effect of steel price trends on broader industry and the high demand from auto sector.

The crude steel production during the previous quarter was around 4.37 million tonnes.