ArcelorMittal Nippon Steel India (AM/NS India) has unveiled its ambitious goal to reduce emissions intensity by 20% by 2030. This target, detailed in the company’s first Climate Action Report, represents a pivotal step in the decarbonisation journey of one of the world’s leading steelmakers. AM/NS India, a joint venture between ArcelorMittal and Nippon Steel, is […]
Boston Metal, a US green steel technology startup, has raised $120 million in the first close of Series C fundraising to decarbonize steel production at scale. The steel producer anticipates to use the proceeds from the round to increase the production of green steel at the company’s pilot plant outside Boston and to select the […]
Steel and mining company ArcelorMittal has agreed to acquire Brazilian steelmaking company Companhia Siderurgica do Pecem (CSP) for around $2.2 billion. Companhia Siderurgica do Pecem produces slabs at its steel factory in Ceará state northeast Brazil. The steel facility has been producing since 2016. The Brazilian steelmaker operates a blast furnace with a capacity of […]
ArcelorMittal has agreed to acquire a stake of 80% in a hot briquetted iron plant (HBI plant) owned by Austrian steel industry company voestalpine in Corpus Christi, Texas. The remaining 20% stake in the hot briquetted iron facility will be retained by voestalpine. The Corpus Christi operations are valued at $1 billion and the closing […]