The growing demand for electricity is expected to be a key driver for the electrical steel market in the forecast period. This can be attributed to the growing economy, rapidly rising populations and increasing demand for transportation, especially in developing countries such as China, India, Brazil and some African countries. The global electricity demand is projected to grow to 38,700 TWH by 2050, and electric vehicles are expected to account for 9% of the global demand. China and India wi

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ArcelorMittal, the world’s leading steel and mining company, today hosted an investor and analyst event at AM/NS India’s flagship plant at Hazira, Gujarat, the first such meeting since ArcelorMittal and Nippon Steel jointly acquired the Indian asset in December 2019. The event focused on the progress AM/NS India has achieved since the acquisition completed and the strategic initiatives being undertaken to transform AM/NS India into a best-in-class, integrated steel produ

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More than 200 industry leaders have endorsed strategies from the Mission Possible Partnership (MPP) to decarbonise some of world's hardest-to-abate, carbon-intensive industries in this decade. New plans released at New York Climate Week for production of near-zero emissions materials - aluminium, ammonia and steel - have won support from more than 60 companies, bringing to more than 200 the tally of endorsements for MPP's published Sector Transition Strategies (STS) which al

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The Board of Directors of Tata Steel Limited at its meeting held on September 22, 2022, considered and approved schemes for the proposed amalgamation of six subsidiaries into and with Tata Steel Limited. The subsidiaries are all majority owned by Tata Steel and include Tata Steel Long Products Limited (74.91% equity holding), The Tinplate Company of India Limited (74.96% equity holding), Tata Metaliks Limited (60.03% equity holding), The Indian Steel & Wire Products Limited (95.01% equity

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Stelco Holdings Inc., announced today its intention to commence a substantial issuer bid (the “Offer”) pursuant to which the Company will offer to purchase up to 30,000,000 of its outstanding common shares (the “Shares”) from holders of Shares (the “Shareholders”) for cash at a price of $35.00 per Share (the “Purchase Price”) for an aggregate maximum purchase amount of $1,050,000,000. The terms of the Offer are identical to those of th

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Nucor Corporation announced today that the new steel plate mill being built in Brandenburg, Kentucky has publicly registered to pursue LEED v4 for Building and Design certification. Nucor Steel Brandenburg is the first steel mill in the world to pursue certification under LEED v4, which is more stringent than previous LEED rating systems and ambitiously aligns each credit category with sustainable performance, climate change, and revolutionizes the manufacturing landscape through third-party

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Amsterdam-based Hilco Industrial Acquisitions, BV , an operating company of US-based Hilco Global , today announced the sale of all assets of ThyssenKrupp's heavy plate rolling plant , located in Duisburg-Hüttenheim (Germany), to an Asian steel producer. The sale comes just six months after Hilco Industrial Acquisitions, BV acquired the heavy plate plant from Thyssen Krupp Steel Europe . Europe's second largest steel producer, ThyssenKrupp, closed the German facility in

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Commercial Metals Company  today announced that as part of its strategic expansion in the Western U.S. it has acquired Advanced Steel Recovery, LLC (ASR), a leading supplier of recycled ferrous metals located in Southern California.  ASR's primary operations include processing and brokering capabilities that efficiently source material for sale into both the domestic and export markets.  ASR handles approximately 300,000 tons of scrap annually across its processing, industr

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