Russian steel maker PJSC Severstal has updated its medium-term environmental program target, which is expected to be implemented until 2030.

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

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

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

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

The company had produced 1.67 MT of steel in same of period of financial year 2020-21, JSPL said in a statement.

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